StreamTrack's RadioLoyalty Platform(TM) Adds Over 3,000 Stations
June 25 2013 - 7:00AM
Marketwired
StreamTrack, Inc. (OTCQB: STTK) ("StreamTrack") today announced
that its subsidiary, StreamTrack Media, Inc. ("StreamTrack Media"),
has entered into a two-year licensing agreement with
RadioReference, LLC ("RadioReference").
RadioReference is the world's largest radio communications data
provider, featuring a complete frequency database, trunked radio
system information, and FCC license data. RadioReference is also
the largest broadcaster of public safety live audio communications
feeds, hosting thousands of live audio broadcasts of Police, Fire,
EMS, Railroad, and aircraft communications.
Under the terms of the Agreement, RadioReference will utilize
the RadioLoyalty Platform™ for radio broadcast monetization of over
3,000 licensed stations. It is anticipated that integration will be
completed by July 15, 2013. This will bring the total count for the
RadioLoyalty Platform™ to approximately 5,000 stations.
StreamTrack's Chief Executive Officer, Michael Hill, stated: "At
the time of this announcement, RadioReference has 3,494 stations
that StreamTrack is working to integrate. Under the terms of the
license, StreamTrack Media will record 100% of the advertising
revenue generated through the RadioLoyalty Platform™ for all 3,494
stations. RadioReference will be paid a flat monthly content fee by
StreamTrack Media for supplying the content from the stations.
RadioReference will supply unlimited listener caps and bandwidth to
support the listening through the RadioLoyalty Platform™."
About StreamTrack, Inc. StreamTrack, Inc.
(the "Company") is a digital media and technology services company.
The Company provides audio and video streaming and advertising
services through its RadioLoyalty™ Platform (the "Platform") to a
global group of internet and terrestrial radio stations and other
broadcast content providers. The Platform consists of a web-based
and mobile player that manages streaming audio and video content,
social media engagement, display and video ad serving within the
web player and is also capable of replacing audio ads with video
ads within the web player in a live or on-demand environment. The
Company offers the Platform directly to its broadcasters and
integrates or white labels its technologies with web-based internet
radio guides and other web-based content providers. The Company is
also continuing development of WatchThis™, a patent-pending
technology to provide web, mobile and IP television streaming
services that are e-commerce enabled within streamed content.
For more information visit: http://www.streamtrack.com or
http://www.radioloyalty.com
Forward-Looking Statements This
announcement contains forward-looking statements about StreamTrack,
Inc. that may involve risks and uncertainties. Important factors
relating to the company's operations could cause actual results to
differ materially from those in forward-looking statements and
which are further detailed in filings with the Securities and
Exchange Commission available at the SEC website
(http://www.sec.gov). All forward-looking statements are based on
information available to StreamTrack, Inc. on the date hereof, and
StreamTrack, Inc. assumes no obligation to update such
statements.
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