RoyaltyShare Wins POPKOMM Innovation in Music and Entertainment Award (IMEA) 2006

RoyaltyShare Wins POPKOMM Innovation in Music and Entertainment Award (IMEA) 2006

Web-Based Royalty Processing Service Lauded as Best Digital Music & Marketing Innovation

BERLIN, (POPKOMM Conference), Sept. 21 /PRNewswire/ -- RoyaltyShare, a premier provider of digital royalty solutions to the entertainment industry, today announced it is the winner of the POPKOMM Innovation in Music and Entertainment Award (IMEA) 2006 in the category of Digital Music & Marketing Innovations, B2B Solutions. In its third year, the annual IMEA Awards recognize the best new business ideas and brightest entrepreneurs in the worldwide music, media and entertainment technology sectors.

"RoyaltyShare is honored to have received such a distinctive award that underscores our commitment to innovation in everything we do for our customers," said RoyaltyShare Chairman and CEO Bob Kohn. "The promise of Internet-based business-to-business automation has finally arrived and RoyaltyShare is delivering on that promise to its music industry customers."

RoyaltyShare was awarded top honors at this week's POPKOMM music convention in Berlin for its suite of Web-based services for the music industry. The RoyaltyShare platform simplifies the complex task of processing music revenues and calculating royalties for recording artists and music publishers and enables record labels to reduce their costs and focus on their core competencies of A&R and marketing. Earlier this week, RoyaltyShare announced that it is expanding its services into Europe, with plans to open an office in the U.K. early next year.

About POPKOMM

POPKOMM is one of Europe's leading music, media and entertainment industry conventions and trade shows. After moving from Cologne in 2004, Popkomm has established itself in Berlin, covering many aspects of the music industry and its associated sectors such as mobile entertainment, the live sector, consumer electronics and fashion.

About RoyaltyShare

RoyaltyShare is the worldwide leader in Web-based royalty processing and reporting solutions for the global entertainment industry. RoyaltyShare provides a suite of on-demand services dedicated to simplifying the increasingly complex and necessary task of managing sales and distribution information, calculating royalties, and generating Web-accessible royalty reports. RoyaltyShare's centralized revenue data processing solution supports digital, physical, subscription, mobile and other sources of revenue. Its state-of-the-art system and dedicated 24/7 royalty support team enables music labels, distributors and publishers to accurately manage royalty reporting obligations anytime, anywhere. For more information, please visit http://www.royaltyshare.com/ .

Contact: Steve Grady, President, COO of RoyaltyShare, +1-858-458-1600 ext. 11, or steve@royaltyshare.com; or Michael Kelly of Nadel Phelan, +1-831-440-2403, or michael@nadelphelan.com.

Source: RoyaltyShare

CONTACT: Steve Grady, President, COO of RoyaltyShare, +1-858-458-1600
ext. 11, or steve@royaltyshare.com; or Michael Kelly of Nadel Phelan,
+1-831-440-2403, or michael@nadelphelan.com

Web site: http://www.royaltyshare.com/

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