Digital Music Group Selects Allen & Caron for Investor Relations

Digital Music Group Selects Allen & Caron for Investor Relations

SACRAMENTO, Calif., June 12 /PRNewswire/ -- Digital Music Group, Inc. (NASDAQ:DMGI), a content owner and distributor of digital music recordings focused on past hits, out-of-print, back catalog, and independent label recordings, announced that it has selected Allen & Caron Inc as its investor relations agency.

Digital Music Group acquires digital rights to sound recordings, such as tracks from Johnny Cash to Aaron Neville, and from Yellowcard to Kool & the Gang, digitizing, formatting, and distributing them for sale to consumers through online music retailers such as Apple iTunes, Wal-Mart Music, Napster and Yahoo! Music.

Digital Music Group CEO Mitchell Koulouris said, "As a newly public company operating in a rapidly growing and ever changing segment of the entertainment industry, we realize the importance of clear, consistent and continual communication with each of our constituents, including our investors, both current and potential. After a full review of several agencies, we chose Allen & Caron as our investor relations agency due to its solid reputation with the investment community and expert ability to increase clients' profiles among institutional investors, which is part and parcel of any plan to attract qualified investors in order to succeed with our vision."

Allen & Caron Chairman and CEO Joe Allen said, "The approach that Digital Music Group is taking to the business of digital rights and downloads targets a more diverse and comprehensive market than other companies with similar operations. It pursues the digital rights to relatively hard-to-find and niche sound recordings that are not typically the current mainstream or 'Top 40' in style. We believe that the Company's approach to digital rights acquisition of back-list recordings, through ownership or long-term licensing, will be attractive to investors. We are very pleased to be working with Digital Music Group."

About Allen & Caron

Allen & Caron is a full service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a range of industry segments. It maintains offices in Irvine, California, New York City, London and Paris.

About Digital Music Group, Inc.

Founded in 2005, Digital Music Group, Inc. (NASDAQ:DMGI) is focused on helping consumers worldwide to experience more music, in more ways. The company acquires the digital rights to music recordings and processes these recordings into digital format for distribution to online music stores like Apple iTunes Music Store, MSN Music, RealNetworks, Napster, Wal-Mart Music and Yahoo! Music, where they are available for purchase by consumers via downloading.

Digital Music Group is a trademark of Digital Music Group, Inc. Other names mentioned herein are the property of their respective owners.

Contact: Allen & Caron (investors) Digital Music Group, Inc.
Jesse Deal Karen Davis, CFO
949 474 4300 916 239 6010 x 2505
jesse@allencaron.com

Source: Allen & Caron

CONTACT: Investors, Jesse Deal of Allen & Caron, +1-949-474-4300,
jesse@allencaron.com; or Karen Davis, CFO of Digital Music Group, Inc.,
+1-916-239-6010, ext. 2505

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