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Microcap & Penny Stocks : edig (e.Digital ) -- Ignore unavailable to you. Want to Upgrade?

To: JimC1997 who wrote (755)	2/25/2002 4:45:12 PM
From: JimC1997	Read Replies (1) \| Respond to of 1644

Clarification on Musical XP-3 royalties/licensing fees During the recent conference call there was an ambiguous (in my mind) statement about the royalties/licensing fees to be paid to e.Digital by Musical on the XP-3 jukebox. The statement was made that no such payments would be made until the quarter which begins April 1, 2002. However, it was not clear whether payments had been earned on the sales made at Circuit City prior to that date. I spoke to Ran Furman today to clarify this matter and he confirmed that Musical will pay e.Digital royalties/licensing fees for all sales made to date. That is, e.Digital did earn such fees last November/December when the product was introduced, but the accounting and transfer of funds will not occur until April. He also said that many of the clarification statements which have been made in e-mails (e.g. from Jim Collier to shareholders who send him questions) would soon appear in a new investor Q&A section on their website. It is clear to me that the company is taking great steps forward in its efforts to deliver relevant information to all shareholders. JimC