Muzak and DMX Receive DOJ Clearance to Merge

Apr 07, 2008, 01:00 ET from DMX, Inc. from ,Muzak LLC

    FORT MILL, S.C. and AUSTIN, Texas, April 7 /PRNewswire/ -- Muzak LLC
 and DMX, Inc., two leading providers of business media services, today
 announced that they have been informed by the Antitrust Division of the
 U.S. Department of Justice (DOJ) that the DOJ's investigation into the
 proposed merger of the companies, to allow for a sale to a third party,
 would be closed -- and that the companies are cleared to proceed with the
 proposed transaction without an antitrust challenge. The companies expect
 to receive formal notification of the investigation's closing in the near
     Muzak's Chief Executive Officer, Steve Villa, said, "We are pleased
 with the action taken by the Department of Justice, as we believe a merger
 of our two companies will create significant opportunities for innovations
 in products and services that will result in tremendous benefit for our
     John Cullen, chief executive officer of DMX was quick to applaud the
 DOJ's decision. "On behalf of the DMX management team, we are committed to
 blending two great companies and look forward to seeing how things unfold
 with offers from interested parties," Cullen said. "More importantly, we
 are extremely excited about the possibilities that lie ahead for our
 clients and assisting them in creating memorable experiences for their
     Muzak and DMX have taken steps that will allow them to move quickly
 through the sale and integration process, including completion of an
 analysis of the combined entity. The companies have also engaged an
 investment banking firm to assist with offering the combined entity to a
 third-party buyer. The companies will continue to operate independently
 until a purchase is finalized, and expect no disruption in service to
     Additional announcements will be made as the sale and integration
 process continues.
     About Muzak
     As a leading provider of business music, Muzak creates experiences that
 reach more than 100 million people daily. Some of the biggest brands in
 business, from Ann Taylor to AT&T to McDonald's, work with Muzak to enhance
 their brand image in hundreds of thousands of client locations. Muzak
 creates a wide variety of core and custom music experience for clients
 around the world. Muzak creates custom on-hold and in-store voice messages,
 and designs and installs professional sound systems, commercial television,
 drive-thru systems, digital signage, soundmasking systems and more through
 its national network of sales and service locations. For more information,
     About DMX
     Recognized as an international leader of sensory services, DMX creates
 brand experiences for commercial environments. The company's services
 include music design, full motion video, audio messaging and environmental
 scents developed to provide brand texture for its customers and create
 integrated, multi-sensory environments that drive repeat business. DMX also
 provides music for cable television networks worldwide. For over 35 years,
 DMX's customers have included prominent industry leaders and represent some
 of the most identifiable international brands such as Nike, Starwood
 Hotels, 24 Hour Fitness, American Eagle, and many others. For more
 information please visit DMX on the Web at
MEDIA CONTACTS: Marissa Ferrari Brian McKinley Muzak DMX (803) 396-3242 (512) 380-8508