NEW YORK--(BUSINESS WIRE)--Brilliant Technologies Corporation (OTCBB:BLLN - News) today announced that Equitis Inc. has issued a research report on the company and its forthcoming launch of Qtrax, the world's first legal ad-supported peer-to-peer music service.

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The research report was developed by Equitis Co Founder and CEO of US Operations Kama Krishna. Mr. Krishna has extensive experience as a Senior Analyst in the technology, media, telecom and a variety of other industry groups. He was the first analyst on Wall Street to write a comprehensive report on the Internet Security sector. He has worked with New York based Laidlaw Global Securities and Ryan Beck. Prior to becoming a sell-side analyst he had his own asset management firm Himalayan Investments, investing in the Bombay Stock Exchange. He holds a bachelor's degree in engineering from the Indian Institute of Technology in Kharagpur and an MBA in Finance from the Utah State University.

"Qtrax offers a powerful new distribution platform for music companies - one that captures new revenue from the enormous pool of advertising money being spent online and at the same time satisfies the appetite of users who crave a different way to experience their music from the ways offered by existing paid digital music services. Importantly, Qtrax's P2P platform does all this in a way that respects copyright and ensures everyone gets paid," remarked Krisha.

Qtrax will provide fans with free access to high-quality, high-fidelity digital music files. Qtrax will also provide users with an array of allied services, including options to subscribe to an "all you can eat" premium version of the free service and to purchase individual tracks, albums and related products. Brilliant has already signed licensing deals with the major labels and music publishers (including EMI Music, Warner Music Group, Sony/ATV Publishing and Universal Publishing) and independents (including TVT, The Orchard and V2).

"We are pleased that via Mr. Krishna's report we can inform the market of the enormous potential in the Qtrax business model," said Allan Klepfisz, CEO of Brilliant. "This further confirms the judgment of our numerous label & publisher partners."

Equitis is an independent research services company focusing on the Technology, Media & Telecommunications sector. Equitis Inc provides Equity Research support for sell side and buy side financial institutions. In addition, they also provide objective independent research for publicly traded companies in the United States. Equitis conducts unbiased due diligence of breaking market news, tapping into their expert network of industry professionals.

A copy of the report may be found in the 8K filed BLLN.

About Brilliant Technologies:

Brilliant Technologies Corporation is a technology holding company devoted to research and development leading to commercialization of innovative, proprietary technologies. Through its subsidiary, LTDnetwork, Inc., the Company owns a range of cutting edge proprietary software designed to facilitate and enhance ecommerce. The Company is currently preparing for the launch of Qtrax, the company's innovative P2P file-sharing service, and has already signed deals with Universal, Sony/ATV, Warner Music Group, The Orchard, EMI Music Publishing and EMI Music, TVT Records, Go Digital, ASCAP and BMI. The Company is based in New York, New York and Melbourne, Australia. For more information about Brilliant go to http://www.ltdnetwork.com/ and about Qtrax to http://www.qtrax.com/.

DISCLOSURES

The information and opinions in this report were prepared by Equitis, Inc. (EI). The analyst responsible for this research report has received cash compensation and shares from BLLN. The reader should assume that EI or their affiliates may have a conflict of interest and should not rely solely on this report in evaluating whether or not to buy or sell securities of issuers discussed herein. EI endeavors to ensure that the information in this document has been compiled and derived from sources deemed reliable but are not guaranteed. Information may be available to EI or its affiliates that is not reflected in this report. However EI makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors or omissions contained herein and accepts no liability whatsoever for any loss arising from any use of, or reliance on, this report or its contents. This firm, EI and its officers, employees, and members of their families, or any one or more of them, may have a position in any security discussed herein or in related securities and may make, from time to time, purchases or sales thereof in the open market or otherwise. The forgoing has been prepared solely for informational purposes and is not an offer to buy or sell any security or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Opinions, estimates and projections contained in this report are those of EI as of the date of this report and are subject to change without notice. This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. The forward statements herein are based on BLLN's management's current expectations and such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of BLLN, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward looking statements. These risks and uncertainties include, among others: competition and compatibility of our Qtrax product with the Microsoft Windows format; whether BLLN can successfully commercialize its products; given the first mover status of the Qtrax business model whether such model will be economically viable; whether BLLN will be subject to future burdensome governmental regulations governing the internet; and other economic, business, competitive and/or competitive factors affecting BLLN's businesses generally. For further details concerning these risks and uncertainties, please see BLLN's annual report on Form 10-KSB for the fiscal year ended December 31, 2005 and BLLN's quarterly report on Form 10-QSB for the quarterly period ended September 30, 2006, each filed with the Securities and Exchange Commission (which can be found at http://www.sec.gov/). BLLN assumes no obligation to (and expressly disclaims any such obligation to) update the information contained in this report, whether as a result of new information, future events or otherwise.

Equitis USA Inc.
Kama Krishna, 212-865-3107
or
Qtrax
McMullen & Company Public Relations
Sarah McMullen, 310-283-7907
smcmullen@earthlink.net
or
Rich Schineller, Perception Management
Rich Schineller, 941-918-1913
rich@prmgt.com