All posts
Musicrypt Retains Leading Investor Relations Firms for North American Representation
8/23/2005 11:03:00 AM
Toronto, Ontario
Musicrypt Inc., ("Musicrypt" or "the Company"), the industry's leading digital music distribution company, today announced that it has retained The Equicom Group Inc. ("Equicom"), based in Toronto and Empire Relations Group Inc.(Empire), based in New York, to provide the Company with strategic investor relations and financial communications services.
Musicrypt have engaged both Equicom and Empire for a twelve month term containing an initial 3 month renewal period, exercisable at Musicrypt's option. Both Equicom and Empire will be paid a monthly retainer fee of CAD$5000 and USD$4000, respectively, for professional services. Neither Equicom, Empire, nor any of its principals has an ownership interest, directly or indirectly, in Musicrypt or its securities, and the Company has not granted either of the firms or their principals any right to acquire such an interest. The principals of Equicom are: Barry Hildred, President; Jason Hogan, Executive Vice President; Scott Kelly, Senior Vice President, Creative Services; and, Mike Polonsky, Senior Vice President. The principal of Empire is Kenneth Maciora, Chief Executive Officer.
Musicrypt CEO John Heaven said, "Our association with Equicom and Empire will help widen our investor base and better communicate our growth objectives. We look forward to leveraging the strategic counsel and expertise provided by each of our partners as we communicate our compelling prospects to a broader audience."
Kenneth Maciora, Chief Executive Officer of Empire said, "Musicrypt's DMDS is the leading B2B digital delivery solution available in the music industry today. We look forward to assisting Musicrypt's management team in telling their story to the North American investment community."
About Equicom
Headquartered in Toronto, with a satellite office in Montreal, the Equicom Group is Canada's leading Investor Relations consulting firm providing strategic communications services to more than 70 Canadian public companies across a diverse range of industries. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. For further information, please visit www.equicomgroup.com
About Empire Relations
Empire Relations Group Inc. is a premier investor relations firm focused on assisting public companies in the creation and marketing of their stories to the investor and investment banking communities. Empire Relations Group focuses on increasing shareholder value for our clients by creating investor relations programs that raise awareness among brokers, analysts, portfolio managers, individual investors and the media. For further information, please visit www.empirerelations.com
About Musicrypt
Musicrypt's patented Digital Media Distribution System (DMDS) is the leading secure B2B digital delivery solution for the music industry. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. The first application of DMDS replaces the physical distribution of new musical recordings by record companies from the studio, internally, and to radio stations with more secure, more effective and less costly digital distribution of broadcast quality media via the internet. For more information on Musicrypt, please visit www.musicrypt.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
