SANTA BARBARA, Calif. and NEW YORK, May 6, 2011 /PRNewswire/ -- Lenco Media Inc., a wholly owned subsidiary of Lenco Mobile Inc. (LNCM),and Qtrax, Inc.(A Division of Brilliant Technologies Corporation; BLLN), announced today that they have concluded a distribution and advertising agreement that will allow users of Lenco Media's RadioLoyalty™ platform, to have easy access to free and legal song downloads from Qtrax.
Lenco Media's RadioLoyalty™ Internet radio platform is used by thousands of Internet radio stations around the world, and reaches a potential audience of more than 33 million unique visitors in the United States according to comScore, Inc., the leading Internet measurement company, and more than 65 million worldwide.
Pursuant to the agreement, songs in the Qtrax library will have a "Download" button that will appear next to that song as it is being played on a station using the RadioLoyalty™ UniversalPlayer™. To download that song, the listener just needs to click the button, and the song will download from the Qtrax service.
"Enabling listeners to easily and immediately download songs they enjoy on Internetradio, is a great feature that we think will increase listener satisfaction amongst our RadioLoyalty™ audience," said John Williams, President of Lenco Media Inc. "We look forward to working with Qtrax to help them build their customer base and advertising revenue," Williams said.
"Qtrax is squarely focused on aggregating a substantial global audience for its unique offering via strategic partnerships. The agreement has significant audience and revenue potential for Qtrax and we are very pleased to be involved with Lenco Media, who are true innovators in developing mobile and internet broadcasting products. In the coming months, Qtrax intends to finalize substantial deals for audience and revenue in different sectors and regions," noted Allan Klepfisz, co-President & CEO.
"We have a quite different approach to audience aggregation and revenue generation and it is very satisfying to see us beginning to implement our plans with a significant deal that reaches such a massive audience. There are many opportunities to take advantage of in the rapidly changing and high growth music and entertainment markets. Going to market with the ability to reach such a large aggregated audience is a competitive advantage for us," added Lance Ford, co-President & CMO.
About QTRAX (www.QTRAX.com)
QTRAX is a free and legal music downloading service with a revenue focused business model that directs money back to artists and rights holders. QTRAX has successfully signed a number of significant licensing deals and provides fans with access to a vast and diverse catalog of high-quality digital music files. QTRAX is currently live in the United States, Canada, Australia, New Zealand, Singapore, Malaysia, The Dominican Republic, Fiji, Argentina, Chile, Colombia and Mexico. Portability will follow shortly. Based in New York City, QTRAX is a subsidiary of Brilliant Technologies Corporation (BLLN.PK), a publicly traded technology holding company.
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.
About Lenco Mobile Inc.
Lenco Mobile Inc. is a global developer, owner, and operator of proprietary advertising and technical platforms primarily for the high growth mobile and online marketing sectors. The platforms provide customers including leading wireless carriers and consumer brands with turnkey solutions to attract, retain and monetize relationships with consumers. Lenco Mobile offers brand owners the ability to design, manage, and execute mobile-based marketing campaigns through MMS messaging with improved messaging throughput, better quality, and reduced bandwidth usage on a per message basis. In addition to propriety MMS messaging solutions, the Company offers products and services such as Build.mobi™, mobile greeting cards, mobile statements, high-volume internet and mobile ad-impression serving, loyalty programs, online support, and search and database marketing. The Company's Lenco Media Inc. subsidiary provides products that make internet and mobile broadcasting profitable for broadcasters and advertisers. Lenco Media's RadioLoyalty™, ReplaceAds™, UniversalPlayer™ and Jetcast® brand streaming products eliminate costs and increase revenue for broadcasters and increase advertisers' return on their advertising investment. The Company is headquartered in the U.S. and has operations in South Africa, South Korea, Singapore, Australia, the United Kingdom, Mexico and Colombia.
Forward Looking Statements.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements, including expectations concerning the Company's ability to successfully launch its mobile phone products or services in new geographic territories, market acceptance of its new Lenco Media Inc. internet broadcasting business, anticipated trends in financial results, and other financial and business results. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. For a discussion of certain risk that may impact the Company's operations see the discussion under "Risk Factors" in the Company's annual report on Form 10-K and other documents filed with the SEC. Neither Lenco Mobile Inc. nor any Company mentioned in this release undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Lenco Mobile Inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
SOURCE Qtrax, Inc.