StreamTrack Announces Partnership With China Mobile Entertainment Holdings
SANTA BARBARA, CA -- (Marketwired) -- 04/03/13 -- StreamTrack, Inc.
(OTCQB: LUXDD) ("StreamTrack") today announced that its
RadioLoyalty(TM) platform, one of the fastest growing Internet radio
platforms in new media, has entered into a Partnership Agreement with
China Mobile Entertainment Holdings, LTD ("CME").
CME serves as a conduit for western content catalogs focusing on an
underserved demographic in the Media & Entertainment arena in China.
CME will assist RadioLoyalty(TM) in implementing a go to market
strategy within China and many other surrounding regions and
territories. CME plans to leverage its exclusive partnerships within
Asia-Pacific to maximize the reach of the RadioLoyalty(TM) platform.
CME has launched premier content channels within this marketplace,
most recently with Edutainment Channel and European Mix Martial Arts.
StreamTrack's Chief Executive Officer Michael Hill added, "We are
very pleased to have executed an agreement with China Mobile
Entertainment. This potential audience is one of the largest in the
world and We understand that Asia-Pacific is a complex market with
many fragmented sub-groups. We have selected China Mobile
Entertainment to help us execute on our global strategy due to their
vast experience, knowledge and publishing relationships that will
allow us to quickly gain traction within China and other surrounding
Mitch Sandler, Chief Executive Officer of China Mobile Entertainment
Holdings, LTD, commented, "We are extremely excited to have found
such a great platform to bring to our partners. The StreamTrack team
has developed a very unique offering that will allow us to engage and
monetize one of the fastest growing markets in the world. We are
proud to have been selected by StreamTrack to navigate the
Asia-Pacific region as part of their global strategy."
About China Mobile Entertainment Holdings, LTD
Entertainment is a leading provider of cutting edge content to China
and APAC. Its focus is to bring Western Entertainment to Asia such as
Television, Film, Fashion, Sports and Music. For over 21 years we
have worked with a variety of leaders in several sectors that include
consumer electronics, softwa
re development, content producers,
networks and media companies looking to position themselves in an
otherwise challenging environment. We bridge many cultural nuances
while supplying a conduit to broadcast in China with our licensed
partner with an internal reach of over 300,000,000 registered users.
We currently present opportunities for ad supported placement, VOD
and SVOD models.
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(TM) Platform (the "Platform") to over 1,300 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(TM), a patent-pending technology to provide web, mobile and
IP television streaming services that are e-commerce enabled within
For more information visit: http://www.streamtrack.com or
This announcement contains
forward-looking statements about StreamTrack, Inc. and StreamTrack
Media, 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.
Investor Relations Contact:
Chairman and Chief Executive Officer
China Mobile Entertainment Holdings, LTD
Chief Executive Officer
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