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Sound Revolution Inc.
(OTC BB: SRVN)
Current Price: $0.87
Recent Price: $1.47
Short Term Target: $2.00
Long Term Target: $3.75
Sound Revolution Inc. (OTC BB: SRVN) to capitalize on emerging market with Sale of Ring Tones VANCOUVER, BC July 17, 2006 - Sound Revolution Inc, a music distribution company, announces the addition of Ring Tones to its recently launched website www.charitytunes.com.
Sound Revolution's www.charitytunes will be adding to its current selection of thousands of songs and music packages with the addition of over 500 unique ring tones. The ring tones will be for sale in digital format and in a variety of genres that include pop, rock, Latin, jazz, rap, classical, electronic, world and jazz. With a technology platform that can handle millions of songs, charitytunes.com expects to add to its ring tone library on a continuous basis during the next year.
Online sales of ring tones have proven to be a popular service and are on the rise. Charitytunes.com intends to fully capitalize on this emerging market.
The Digital Music Report 2006 of the International Federation of the Phonographic Industry reports the following:
* Digital format is the fastest-growing delivery channel for music. Global record company revenues from digital sales (digital music & ring tones) reached an estimated $US 1.1 billion in 2005, three times the value in 2004 ($US 380 million).
* Single track downloads in 2005 worldwide more than doubled to 420 million, proving to be the most popular online music product.
* Ring tones are the most popular digital music format, with 19% of Internet users having downloaded a ring tone three times the number that have purchased a track online.
According to Digital Lifestyles 2006 Outlook, by Parks and Associates: Digital content sales projected to increase more than 300% to grow to nearly $9 billion in the next four years (2010)
About Sound Revolution and Charity Tunes Music can change the world. Sound Revolution Inc., an innovative new media corporation that marries business with social meaning, intends to change the world - of online content delivery. Sound Revolution wholly owns Charity Tunes Inc., whose charitytunes.com, a music download website, is unique in its promotional partnerships between musical artists and charities. For more info, go to www.soundrevolution.net, www.charitytunes.com, or www.corporate.charitytunes.com.
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Received on Tue Jul 18 2006 - 01:54:08 EDT
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