finetunes and Qtrax Sign Digital Licensing Agreement

finetunes and Qtrax Sign Digital Licensing Agreement

NEW YORK, March 12 /PRNewswire/ -- Digital distribution industry leader finetunes and Qtrax, the world's first free and legal peer-to-peer (P2P) music service, today announce that they have signed a digital licensing agreement.

For more than four years, finetunes has been a pioneer in creating opportunities for independent labels in the digital music markets. Initially focused on providing digital solutions for the German independent labels, the Hamburg-based company now represents more than 1,000 record labels from around the world.

A leading distributor in the field of electronic music, finetunes also represents labels from across the musical spectrum, from jazz to reggae, pop to world music. finetunes stands out from other digital distributors in that it handles all its technical development and operations in-house, giving the company the ability to react fast and innovate -- providing labels with solutions such as its recently-launched sales tracking software, enabling its partners to gain a detailed overview of their position in the digital market

Also at the heart of finetunes operation is its global network of satellite offices, which work together with finetunes HQ to secure strategic, focused and truly coordinated international retail marketing for new releases. Furthermore, finetunes is developing new and innovative solutions for catalogue marketing, and also focusing on providing digital marketing opportunities for labels outside of the core market of digital music stores.

"finetunes has been at the forefront of the evolving music market online," said Founder and Chairman of Qtrax Allan Klepfisz. "They truly pioneered digital distribution and have shown great vision. We are delighted to be able to offer finetunes' catalogue of top artists and songwriters."

About finetunes (http://www.finetunes.net/)

For more than four years, finetunes has been a pioneer in creating opportunities for independent labels in the digital music markets. Initially focused on providing digital solutions for the German independent labels, the Hamburg-based company now represents more than 1,000 record labels from around the world and has a network of satellite offices in London, Paris, Montreal, Tokyo and Barcelona.

About Qtrax (http://www.qtrax.com/)

Qtrax is the world's first legal and free peer-to-peer (P2P) music service. Qtrax showcases an innovative ad-supported delivery model that easily directs revenue back to artists and rights holders. Qtrax is available for browsing now and soon will provide fans with access to a colorful and diverse catalog with millions of high-quality digital music files representing the broadest artist-based fan-directed array of products available anywhere. Based in New York City, Qtrax is a subsidiary of Brilliant Technologies Corporation , a publicly traded technology holding company.

Safe Harbor

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.

Source: Qtrax

CONTACT: Shamin Abas, +1-561-366-1226, or +1-917-494-9288,
shamin@shaminabaspr.com, for Qtrax

Web site:

http://www.qtrax.com/
http://www.finetunes.net/

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Profile: intent