Source: LTDnetwork, Inc.
NEW
YORK, April 3, 2006 (PRIMEZONE) -- Advanced Technology Industries, Inc.
(OTCBB:AVDI) and TVT Records today announced a joint agreement making
TVT's entire catalog available through AVDI's Qtrax legal Peer-2-Peer
music download service. The deal makes hit recordings from such Gold
and Platinum artists as Lil Jon & The East Side Boyz, Default, Ying
Yang Twins, Sevendust and Pitbull available on the soon-to-be-launched
Qtrax service.
Qtrax is an ad-supported legal P2P service that marries the power of
Peer-2-Peer and quality Internet advertising to provide improved value
to the consumer. Qtrax will provide users with a legal file-sharing
venue designed to prevent the unlawful distribution and/or reproduction
of unlicensed copyrighted content and provide for the protection of
intellectual property owners' rights, as well as their compensation.
Files authorized for sharing by content owners will be freely
transferred via the Qtrax P2P network and supported via Audible Magic
content filtering technology.
Said TVT Records President and founder Steve Gottlieb, "Fans want to
share files and sample new music in the most economical way, and
artists and record companies deserve compensation. Both interests are
realized through the Qtrax ad-supported model. The prospect of
monetizing the power and appeal of P2P is extremely appetizing."
"Having TVT records embrace our model so enthusiastically is a
wonderful affirmation of the viability of the Qtrax ad-supported music
distribution model," said Allan Klepfisz, CEO of ATI. "Qtrax protects
both intellectual property values and the desire of music enthusiasts
to access, explore and listen to a wide musical spectrum. TVT's rich
catalog will open a wide spectrum of musical experience for Qtrax
users."
About TVT Records
The nation's No. 1 independent label for the fourth consecutive year
as cited by industry authorities Billboard Magazine and SoundScan, TVT
Records recently celebrated its 20th year of discovering and breaking
some of the most revolutionary recording artists and exciting trends in
music.
TVT Records is a pioneer in digital music distribution as the first
label to make its entire catalog available for download when it
launched its digital store in November 1999 from TVTrecords.com. The
company was also the first to make its entire repertoire of music
videos available for streaming. The label has been at the forefront of
the evolving music market online through strategic partnerships with
Microsoft, Yahoo!, Real Networks, Napster and others. In the massive
Ringtones market, TVT often tops the charts. In 2005 two of the top 10
Mastertones and four of the top 10 polyphonic tones and were TVT
recordings.
About ATI
Advanced Technology Industries, Inc. is a technology holding company
devoted to technology identification and acquisition, as well as
research and development leading to commercialization of innovative
products, including proprietary technologies. Through its subsidiary,
LTDnetwork, Inc. ("LTD"), the Company owns a range of cutting-edge
proprietary software products developed by LTD that are designed to
facilitate and enhance the purchasing experience of both its own
customers and those of leading Internet companies that will utilize the
products under joint venture or licensing arrangements. The Company is
currently focusing on the launch of LTD's innovative P2P file sharing
service, Qtrax. The Company has offices in New York, New York and
Melbourne, Australia.
Safe Harbor
This announcement contains express or implied forward-looking
statements which involve known and unknown risks and uncertainties that
could cause actual results to differ materially from those suggested,
including but not limited to risks identified and discussed in company
filings with the Securities and Exchange Commission. These
forward-looking statements are based on information and management's
expectations as of the date hereof and future results may differ
materially from expectations and the company disclaims any obligation
to update them except as required by law.
CONTACT: TVT Records
Jason Consoli
jason@tvtrecords.com
ATI/Qtrax
Rich Schineller
941-918-1913
Rich@prmgt.com
Keywords: MUSIC, LICENSING AGREEMENTS, CONTRACTS