StreamTrack Announces Alliance to Potentially Reach Over 300 Million Registered PPTV Users
April 29 2013 - 8:00AM
Marketwired
StreamTrack, Inc. (OTCQB: STTK) announced today that it has entered
into an alliance with PPTV, China Mobile Entertainment Holdings,
LTD and One World Media Group as part of an historic alliance to
bring Internet Radio to Asia including China.
Jingyu Qiu, General Manager of PPTV International, stated, "PPTV
is the world's leading OTT TV platform that provides online content
in a real-time social environment to over 300 million unique users
in China and around the globe. This is an unprecedented opportunity
for us to deliver music to China as well as all the markets we
serve globally. We have had tremendous success with our TV channels
and feel that One World Media's network of Radio Stations and
StreamTrack's unique content monetization technology will be a
great addition to our family."
Under this alliance, China Mobile Entertainment facilitates
securing content relationships on behalf of PPTV that will be
launched from their portal, radio.pptv.com. One World Media Group
will deliver the most popular International Top 40 programming
format with crossover styles ranging from Latin, Caribbean,
European, Asian and Middle Eastern. StreamTrack's UniversalPlayer™
will be the technology platform used for streaming and
monetization. StreamTrack will manage all aspects of advertising
sales and fulfillment to PPTV's audience. It is anticipated that
the initial launch will attract more than one million PPTV users,
prior to rolling out the product across the entire user base of
300MM users.
Mohamed Moretta, Senior Partner of One World Media Group added,
"Our organization is excited about our partnership with PPTV whose
vision aligns with our desire to unite the world through music. By
tapping into their audience of over 300 million users, and
utilizing StreamTrack's UniversalPlayer™ technology, we are
creating tremendous value for the world's leading brands and
advertisers. We can now provide a unique opportunity that does not
exist in the current marketplace. We are looking forward to the
unveiling of our radio stations."
Mitch Sandler, Chief Executive Officer of China Mobile
Entertainment Holdings LTD, commented, "I have always recognized
the opportunity to drive social engagement through audio streaming
but now through our partnership with One World Media and
StreamTrack, we have created a unique way to monetize that
experience through the Universal language of music!"
StreamTrack's Chief Executive Officer Michael Hill added, "This
is a significant opportunity for us to enter into this uncharted
space provided by PPTV. This deal will expand the reach of our
brand, bringing Internet radio into the rapidly growing Chinese
digital marketplace. We plan on cultivating the growth and the
success of this relationship by maximizing the potential of PPTV's
audience coupled with our unique revenue producing model utilizing
our technology."
About PPTV
According to PPTV (www.pptv.com), PPLive is the world's largest
online video interactive entertainment media platform with the
highest number of users and widest coverage. Apple, Inc. has ranked
PPTV's App as the #1 most downloaded App in the video category for
both 2011 and 2012 with over 100 million downloads, serving Chinese
communities both in China and around the globe. The platform has
over 200 live channels and currently makes available approximately
100 million video clips and 10,000 video content search records,
with a library of more than 200,000 licensed films and teleplays.
For more information visit http://www.pptv.com
About One World Media Group
One World Media Group is a new multi-media platform dedicated to
bringing the world together through the arts, entertainment and
technology. Multi-cultural Brand includes music production, TV and
film project development, as well as radio station imaging and
programming. Starting with their flagship Oneworldradio.tv, they
have created a network of radio stations where you "See The
Music™." Their unique radio stations spin an array of music videos
from all around the world instead of just audio. For more
information visit: http://www.oneworldmediagroup.tv
About China Mobile Entertainment Holdings LTD
China Mobile Entertainment is a leading provider of cutting edge
content and products to APAC. Its focus is to bring Western
Entertainment to Asia such as Television, Film, Fashion and Music.
For 21 years it has represented content producers, networks and
media companies looking to position themselves in an otherwise
challenging environment. It supplies a carriage to broadcast in
China with a licensed partner internally reaching of over 300MM
registered users. For more information visit:
http://www.chinamobileentertainment.com
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, internet radio guides 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
The Forward-Looking Statements
This announcement contains forward-looking statements about PPTV
Hong Kong LTD, One World Media Group LLC, China Mobile
Entertainment Holdings LTD and 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.