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Technology Stocks : MPPP - MP3.com -- Ignore unavailable to you. Want to Upgrade?

To: DAY TRADER who wrote (362)	7/22/1999 1:09:00 PM
From: DiViT	Respond to of 1116

Competition: EMusic.com Licenses MP3 Patents From Thomson 07/21/1999 PR Newswire (Copyright (c) 1999, PR Newswire) NEW YORK, July 21 /PRNewswire/ -- EMusic.com Inc. (Nasdaq: EMUS), the Internet's leading seller of downloadable music, today announced it has entered into a licensing agreement with Thomson Consumer Electronics Sales GmbH for an extensive portfolio of patents covering the MP3 (ISO MPEG Audio Layer 3) file format. The MP3 format was developed by the Fraunhofer Institute of Munich, Germany, and has become the de facto standard for downloadable music on the Internet. The announcement was made in conjunction with the Jupiter Plug-in Conference and the Digital Club Festival, two major music industry events being held here this week. (Photo: newscom.com ) "As the owner of the exclusive patent rights to MP3, Thomson has been instrumental in the phenomenal popularity of Internet music because of their open licensing policies," said Bob Kohn, EMusic.com chairman. "This agreement allows our company to openly encode, distribute and sell music in the MP3 format on our Web site, www.emusic.com." About EMusic.com Since it was founded in January 1998, EMusic.com has established itself as a clear leader in the rapidly expanding market for downloadable music. www.emusic.com is the premier Web site for sampling and purchasing music in the MP3 format, which has become the de facto standard in the digital distribution of music with millions of users around the world. EMusic.com features a constantly expanding catalog of alternative, blues, hip-hop, jazz, pop, punk, techno and Indie rock music through its direct relationships with leading artists and exclusive licensing agreements with over 85 independent record labels, such as Epitaph, Rykodisc, Jewel-Paula, King Biscuit, spinART, Jetset and Ubiquity. From its collection of nearly 10,000 tracks, EMusic.com offers music fans complete albums for $8.99 or the ability to purchase individual tracks for 99 cents. The company is based in Redwood City, California. Any forward-looking statements contained in this release involve a number of uncertainties, risks and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to materially differ. Factors that could cause actual events or results to differ materially include, among others, those set forth in the Company's S.E.C. report on Form 10-SB, which may be accessed via the Internet from a link on the following page: emusic.com. NOTE: EMUSIC.COM and GoodNoise are trademarks of EMusic.com Inc. /NOTE TO EDITORS: Copies of previous EMusic.com press releases, additional background on the company, executive biographies and electronic versions of the EMusic logo, can be found in the EMusic Press Room at emusic.com Contact: /CONTACT: Steve Curry of EMusic.com, Inc., 650-216-0278, or steve@emusic.com/ 07:02 EDT