Financial Web App BandLoot.com Signs the End of Band Money Issues

Financial Web App BandLoot.com Signs the End of Band Money Issues

EGAA, Denmark, April 3, 2012/PRNewswire/ --

EarMaster ApS, the company behind the eponymous ear training software suite, is
releasing a free financial web app for bands called BandLoot and gives the concept of
Social Accounting a new meaning.

(Logo:
http://www.newscom.com/cgi-bin/prnh/20120403/523503 )

There are many reasons why a band might break up: the drummer snatching the
guitarist's girlfriend, the singer proposing that the band should be renamed after his own
name, the latest EP getting dull reviews, and so on. Rock history is simply filled with
such stories. Fortunately, musicians are tough, and many bands survive the ups and downs
of a music career. But one thing will always crash the party and very often get to spoil
it - money.

According to a survey led by EarMaster on http://www.earmaster.com and answered by
over 2000 bands, 60% of the respondents admitted having experienced money-related
conflicts in their band, 5% of which adding that their band actually ended up parting ways
because of that. Furthermore, none of the responding bands knew of a solution that could
help them get their band finances under control besides tedious spreadsheets or using an
expensive accountant. Typical issues involve sharing gig money, paying back your share of
a group expense, splitting bills or royalties between band members... The list could go on
forever.

EarMaster is releasing a new tool that will change the game. BandLoot is the first and
only social accounting web app that will help bands track their cash flows easily
together, as a band, in total transparency. The core features of traditional accounting
and IOU applications have been streamlined and customized to match the needs of bands of
any size, and made available to musicians worldwide for free. The main idea behind
BandLoot is very simple: When money is involved, you'd better set things straight right
from the start and make sure cash flows are handled transparently between all members.

BandLoot is already available in English, French, Italian and Danish, and German and
Spanish versions will follow on a week later. 200 bands from around the globe were picked
to test BandLoot in exclusivity before its official release. Bands can now sign up freely
and start managing their band money online at http://www.bandloot.com.

About EarMaster ApS:

EarMaster ApS (http://www.earmaster.com) is a Danish software company dedicated to
the development of interactive tools for computer-aided music education, with special
focus on ear training [http://www.earmaster.com ]. Founded in 1994 by Hans L. Jakobsen,
EarMaster stands out as a reference in its field thanks to continuous work and
development, and a genuine dedication to all musicians, music students and educators. In
2012, EarMaster ApS released the first free social accounting web app for bands,
BandLoot.com.

Contact:

Quentin Nicollet

Sales & Marketing Manager

EarMaster ApS | BandLoot.com

Email: quentin@earmaster.com

T. +4543643449

Photo:
http://www.newscom.com/cgi-bin/prnh/20120403/523503

Source: EarMaster ApS

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Profile: intent