Provisional Patents and Proprietary Software for Subscription Fee Based Digital Downloading Announced by CyberRadio.com, Inc.
FOUNTAIN HILLS, Ariz.--(BUSINESS WIRE)--Feb. 26, 2001--CyberRadio.com, Inc.(TM) (www.CyberRadio.com), a privately owned Internet radio company with thousands of radio stations featured under its worldwide umbrella, announced today that they will accelerate the introduction of its premier subscription pay-to-play music division, Internet Music Library, Inc.(TM).
The decision to move up their time schedule for launching Internet Music Library, Inc.(TM) is specifically in response to the latest legal defeats experienced by Napster and their offer to settle a lawsuit with the five major record labels for a total of $1 billion. The major record labels sued Napster for copyright infringement and won, which now threatens to close the 50 million plus peer-to-peer music sharing and downloading company.
CyberRadio.com, Inc.(TM) is armed with its already developed proprietary software that features:
1. Copyright friendly systems that secure artists rights and does
not permit duplication.
2. Listener friendly downloading procedures designed on
multi-platforms.
3. Label friendly e-commerce procedures for accurate accounting
of income, collection and distribution.
4. Easy to understand "library model" that will be familiar to
individuals of all ages, encouraging new customers to legally
download music from the "library".
5. Affordable subscription based system with a predictable
monthly cost.
6. Automated system for crediting the return of downloaded music
to the "library".
7. User previews, up to 30 seconds, to assure that the user is
getting the music they wanted to check out.
8. Guaranteed music quality, due to coding techniques.
9. Delivery of music on high speed lines; downloading speed
determined only by what the user can handle.
CyberRadio.com, Inc. has the additional leverage over "would be" competitors of having received "provisional patents" from the United States Patent and Trademark Office for the Internet Music Library, Inc.'s (TM) business process for digital downloading of music on a subscription fee basis. CyberRadio.com, Inc.(TM) will review and defend against any potential infringement of its rights under its "provisional patents".
Catherine Martin, CyberRadio's Vice President of Special Markets stated, "after over two years of development, our timing is perfect. The turbulent environment of the music industry underscores the need and future demand for Internet Music Library, Inc.'s products and services."
CyberRadio's strategic business plan provides solutions that fulfill the combined needs of the artist, labels and retailers along with the desires of the peer-to-peer users.
Internet Music Promotions, Inc.(TM) provides a comprehensive model of services for music artists who desire and deserve a chance to be heard. The artist recruitment and retention program interfaces with each of the other divisions drawing on each of their strengths while contributing to each of their operational opportunities.
Internet Music Library, Inc.(TM) provides a common sense solution to the most serious issues facing the music industry today. Internet Music Library, Inc.'s (TM) proprietary software and provisional patents on music downloading on a subscription model has provided a significant competitive advantage over others who have yet to develop their software on those who may well infringe on CyberRadio's provisional patents. Internet Music Library, Inc.(TM) will interface with CyberRadio's other divisions lending its products and services to their operational opportunities.
Cyber Centers International provides a national and international licensing program designed to deliver CyberRadio's products and services through independently owned and operated network of Cyber Centers. Cyber Centers International will specialize in providing both an artistic and business platform utilizing operational licenses from CyberRadio.com, Inc.(TM), Internet Music Promotions, Inc.(TM), Internet Music Library, Inc.(TM) and inChorus.com products.
CyberRadio.com, Inc.(TM) and inChorus. are currently in negotiations on an acquisition and combination of business operations. See (www.inChorus.com) (OTCBB:ICHC) for further details on inChorus.com.
inChorus.com provides complete rich video e-mail solutions that brings voice, animation, sound and graphics to e-mail marketing and advertising. inChorus.com is incorporated in the foundation of operations of CyberRadio's Cyber Centers International division. inChorus.com also gives CyberRadio.com, Inc.(TM) the needed "publicly traded" vehicle for CyberRadio.com, Inc.(TM) to meet its future strategic business plan.
With an Internet music market that is expected to exceed $2.5 billion by the year 2003 combined with the new opportunities created by the court rulings against Napster, there is a new business frontier out there waiting to be explored and captured. CyberRadio's innovative business strategy has positioned the company to capture a significant percentage of the Internet music market. CyberRadio's comprehensive business plan, with its interfacing products, services and divisions, is designed to take advantage of the rapidly evolving revenue streams offered by the standard "life cycle" of music from creation to sales to distribution.
Forward-looking statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological change, the company's dependence upon third-party suppliers, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
CONTACT:
CyberRadio
J.R. Williams, 602/241-0670
KEYWORD: ARIZONA
BW0296 FEB 26,2001
7:14 PACIFIC
10:14 EASTERN |
