Many "UNKNOWN COMICS" on this thread. Now we have the "UNKNOWN MAJOR RECORD LABEL"? SHHHH!! its a secret!!
TTR Technologies Announces Major Record Label's Completion of SafeAudio Toolkit Initial Beta Test
NEW YORK--(BUSINESS WIRE)--March 5, 2001--TTR Technologies, Inc. (Nasdaq: TTRE), a leading developer of digital anti-piracy technologies, today announced that a major record label has completed an initial beta test of its SafeAudio(TM) Toolkit for CD-audio copy-protection. This test was conducted by the record label in advance of initiating a round of internal testing for the beta version of the SafeAudio technology itself.
SafeAudio is a unique and cost-effective solution to the $5 billion audio CD piracy problem. This technology, jointly developed and marketed by TTR and Macrovision Corporation (Nasdaq: MVSN), is designed to prevent unauthorized copying of audio CDs. It is media based and is easily applied during the mastering process at CD manufacturing facilities.
A key feature of the SafeAudio Toolkit is that it enables the copy-protection preparation of the master to be done within the mastering facility on existing replication equipment, in essence, automating the copy-protection process and keeping the original unprotected master file secured.
Marc Tokayer, TTR's chairman and chief executive officer, stated, "The conclusion of a beta test of the SafeAudio Toolkit by a major record label is an important step towards providing the music industry with the ability to regain billions of dollars in lost revenues annually to unauthorized copying".
TTR Technologies, Inc. designs, markets and sells proprietary anti piracy products. The company has developed and commercialized products for the software and entertainment industries and is expanding its product range and reach through in-house development and joint ventures. TTR has a joint development and marketing agreement for music CD copy protection with Macrovision Corporation (Nasdaq: MVSN). The Company also owns 50% of ComSign Ltd., the exclusive Israeli affiliate of VeriSign, Inc. (Nasdaq: VRSN). For more information about TTR Technologies, visit ttrtech.com.
Forward-Looking Statements
Any statements released by TTR Technologies, Inc. that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward looking statements involve risks and uncertainties which may affect the Company's business and prospects, including economic, competitive, government, technological and other factors discussed in the Company's filings with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT:
The Company
TTR Technologies, Inc.
Emanuel Kronitz, Chief Operating Officer
011 972-9-766-2393
or
Investor Relations
Lippert/Heilshorn & Assoc.
Harriet Fried/Klea Theoharis, 212/838-3777
or
Media
Lippert/Heilshorn & Assoc.
Chenoa Taitt, 212/838-3777
KEYWORD: NEW YORK |
