MELBOURNE, Australia, March 8, 2011 /PRNewswire/ -- QTRAX (A Division of Brilliant Technologies Corporation,Pink Sheets :BLLN ) announced today that it had launched its unique free and legal music service in Australia, New Zealand and Fiji.
Lance Ford, President & CMO commented: "I know how thrilled Allan is, after almost a decade of tireless effort in trying to bring high quality, free downloadable music to the world, to be launching in his home country. He left Melbourne for New York just to be within a stones throw of many of the major music labels & publishers. It is great to witness an Australasian launch."
Allan Klepfisz, President & CEO observed: "Australians both produce and consume music at a very high rate per capita. I suppose it is where my love for music first developed. And bringing back to Australia that which so many Australians clearly want is very satisfying. This is the beginning of clawing back revenue for Australian artists from the arguably 90%+ of their earnings that have been lost to piracy. While at the same time providing an exciting consumer experience. We fervently believe we can accomplish these goals while building a profitable and valuable business."
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 will provide fans with access to a vast and diverse catalog of high-quality digital music files. Based in New York City, QTRAX is a subsidiary of Brilliant Technologies Corporation (Pink Sheets :BLLN ), 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.