StreamTrack, Inc. (OTCQB: STTK) ("StreamTrack" or the "Company"), a digital media and technology services company operating within the internet radio and streaming media sectors, today released its annual 10-K.

The following is a summary of 2014 achievements:

  • 12.3 cents revenue per listening hour in fiscal 2014 compared to 7.8 cents in fiscal 2013, a year over year increase of over 50%.
  • 147,617 registered members as of 8/31/14 compared to 124,953 registered members as of 8/31/13, a year over year increase of over 18%.
  • Streaming related gross revenue of $1,636,383 in fiscal 2014 compared to $900,405 in fiscal 2013, a year over year increase of over 80%.
  • Cost of revenue of $1,260,166 in fiscal 2014 compared to $1,703,353 in fiscal 2013, a decrease of over 26%.
  • Operating expenses of 1,127,711 in fiscal 2014 compared to 2,431,758 in fiscal 2013, a decrease of over 54%.
  • A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in fiscal 2013, an improvement of $1,449,217.
  • Over 470 million songs played as of 8/31/2014 since Radioloyalty’s commercial launch in May 2011.
  • Over 7.3 million song "likes" shared through social media as of 8/31/2014.
  • Progression of development work associated with the launch of StreamTrack: an artist-based broadcasting platform, Robot Fruit, Scratch.fm and WatchThis!

Michael Hill, Chief Executive Officer of StreamTrack, stated, "Excluding the previous lead generation revenue based income in 2013, we saw roughly an 80% year over year growth related to RadioLoyalty revenue as a standalone. The RadioLoyalty advertising model has a far more attractive gross profit margin as displayed in today’s 2014 report then other media channels. As previously mentioned, we look to replicate this same model across multiple verticals and further expand our global advertising reach."

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 over 5,500 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 StatementsCertain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about StreamTrack's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and historical accomplishments are not necessarily indicative of future results. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contact:Investor RelationsStreamTrack, Inc.Michael HillChairman and Chief Executive Officerir@streamtrack.com+1 805-308-9151

StreamTrack, Inc.Investor RelationsMichael Hill, 805-308-9151Chairman and Chief Executive Officerir@streamtrack.com