NEW YORK, March 12 /PRNewswire/ --
Digital distribution industry leader finetunes and Qtrax, the world's
first free and legal peer-to-peer (P2P) music service, today announce that
they have signed a digital licensing agreement.
For more than four years, finetunes has been a pioneer in creating
opportunities for independent labels in the digital music markets. Initially
focused on providing digital solutions for the German independent labels, the
Hamburg-based company now represents more than 1,000 record labels from
around the world.
A leading distributor in the field of electronic music, finetunes also
represents labels from across the musical spectrum, from jazz to reggae, pop
to world music. finetunes stands out from other digital distributors in that
it handles all its technical development and operations in-house, giving the
company the ability to react fast and innovate -- providing labels with
solutions such as its recently-launched sales tracking software, enabling its
partners to gain a detailed overview of their position in the digital market
Also at the heart of finetunes operation is its global network of
satellite offices, which work together with finetunes HQ to secure strategic,
focused and truly coordinated international retail marketing for new
releases. Furthermore, finetunes is developing new and innovative solutions
for catalogue marketing, and also focusing on providing digital marketing
opportunities for labels outside of the core market of digital music stores.
"finetunes has been at the forefront of the evolving music market
online," said Founder and Chairman of Qtrax Allan Klepfisz. "They truly
pioneered digital distribution and have shown great vision. We are delighted
to be able to offer finetunes' catalogue of top artists and songwriters."
About finetunes (http://www.finetunes.net)
For more than four years, finetunes has been a pioneer in creating
opportunities for independent labels in the digital music markets. Initially
focused on providing digital solutions for the German independent labels, the
Hamburg-based company now represents more than 1,000 record labels from
around the world and has a network of satellite offices in London, Paris,
Montreal, Tokyo and Barcelona.
About Qtrax (http://www.qtrax.com)
Qtrax is the world's first legal and free peer-to-peer (P2P) music
service. Qtrax showcases an innovative ad-supported delivery model that
easily directs revenue back to artists and rights holders. Qtrax is available
for browsing now and soon will provide fans with access to a colorful and
diverse catalog with millions of high-quality digital music files
representing the broadest artist-based fan-directed array of products
available anywhere. Based in New York City, Qtrax is a subsidiary of
Brilliant Technologies Corporation (OTC: BLLN.PK), a publicly traded
technology holding company.
Safe Harbor
This announcement contains express or implied forward-looking statements
which involve known and unknown risks and uncertainties that could cause
actual results to differ materially from those suggested, including but not
limited to risks identified and discussed in company filings with the
Securities and Exchange Commission. These forward-looking statements are
based on information and management's expectations as of the date hereof and
future results may differ materially from expectations and the company
disclaims any obligation to update them except as required by law.
Web site: http://www.qtrax.com
http://www.finetunes.net
Qtrax
