SANTA BARBARA, CA--(Marketwired - Jun 25, 2013) - StreamTrack, Inc. (
RadioReference is the world's largest radio communications data provider, featuring a complete frequency database, trunked radio system information, and FCC license data. RadioReference is also the largest broadcaster of public safety live audio communications feeds, hosting thousands of live audio broadcasts of Police, Fire, EMS, Railroad, and aircraft communications.
Under the terms of the Agreement, RadioReference will utilize the RadioLoyalty Platform™ for radio broadcast monetization of over 3,000 licensed stations. It is anticipated that integration will be completed by July 15, 2013. This will bring the total count for the RadioLoyalty Platform™ to approximately 5,000 stations.
StreamTrack's Chief Executive Officer, Michael Hill, stated: "At the time of this announcement, RadioReference has 3,494 stations that StreamTrack is working to integrate. Under the terms of the license, StreamTrack Media will record 100% of the advertising revenue generated through the RadioLoyalty Platform™ for all 3,494 stations. RadioReference will be paid a flat monthly content fee by StreamTrack Media for supplying the content from the stations. RadioReference will supply unlimited listener caps and bandwidth to support the listening through the RadioLoyalty Platform™."
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 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.
This announcement contains forward-looking statements about 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.