SANTA BARBARA, CA--(Marketwired - Jun 21, 2013) - StreamTrack, Inc. (
Under this agreement, Monaco Media International (MMI) will secure broadcasting and content relationships on behalf of StreamTrack using RadioLoyalty's UniversalPlayer™ as the exclusive technology platform used for streaming and monetization. StreamTrack will manage all aspects of advertising sales and fulfillment.
Monaco Media International will offer its other services to StreamTrack and One World Media Group as well as its vast relationships in the entertainment industry. This new partnership will expand StreamTrack's existing presence in the marketplace by leveraging Monaco Media International's customer base throughout the world. Monaco Media International offers an array of services including event planning, production and marketing. Its CEO has been a partner and driving force behind the world renowned Nikki Beach brand since its inception. Monaco Media's list of clients span across many territories within Europe and other key markets around the globe.
"We have set out an aggressive international expansion strategy and this is another huge step for us in accomplishing these goals. They have a unique agency approach with an unmatched diversity of talents that allow them to uncover new ideas on behalf of their clients. We are proud to have been selected as one of these new ideas. Monaco Media's remarkable track record and their market positioning is second to none and we look forward to working closely with them and their clients," said Michael Hill, StreamTrack, Inc.'s Chief Executive Officer.
Monaco Media International Principal and Administrator Eric Omore added, "Our decision to work with StreamTrack and One World Media Group came quite naturally. We are equally excited about the opportunity to provide our existing clients access to StreamTrack's RadioLoyalty Player™. The initial feedback we have received results in superior monetization and dramatically simplified operations for our partners."
Mohamed Moretta, Senior Partner of One World Media Group, said, "Eric Omore and I have been associates for over 20 years and based on what has been going on with each of our organizations, this seemed like the perfect time to work together. The RadioLoyalty™ platform is the first of its kind to eliminate most of the costs inherent in streaming while simultaneously increasing the aggregate monthly revenue derived by broadcasters. The benefit of this relationship is that it allows us to move much more quickly into other territories while helping each other to provide a very unique service offering to artists and broadcasters alike."
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. Its 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: www.oneworldmediagroup.tv
About Monaco Media International
Monaco Media International, based in the Principality of Monaco, operates a boutique marketing, event planning and production service. By leveraging its vast network of ever expanding clients in entertainment and hospitality, it oversees several brands and music events. Its services include management, consulting, advertising campaigns, talent bookings and brand development. For more information visit: http://www.mmi.mc
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.
Forward-Looking Statements 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.