Loudeye Corp. (LOUD)

[excel]

Loudeye Appoints Microsoft Executive and Digital Media Veteran John Martin as Senior Vice President of Technology and Development
9/9/2003 7:05:00 AM


SEATTLE, Sep 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- Loudeye Corp. (LOUD) , the leading provider of services for the management, promotion and distribution of digital media, today announced the appointment of John Martin as senior vice president of technology and development. In this role, Mr. Martin will oversee the development, integration and implementation of Loudeye's digital media services and infrastructure.

Most recently, as general manager of Microsoft's Windows Media Services, Martin led the development efforts of all Internet-based services of the Windows Media Player as well as Windowsmedia.com, the highest trafficked digital media site on the Internet and an integral component of the Windows Media Player experience.

Mr. Martin, 39, has been a key executive and technology architect for Microsoft's digital media efforts. Mr. Martin has worked over ten years at Microsoft, five years of which were spent in the Windows Media Division where he pioneered the integration of Internet-based services into the Windows operating system and the Windows Media Player. Mr. Martin was responsible for the creation and ongoing development of all Internet-based services of the Windows Media Player, Internet Explorer and Windows Shell. This included the highly popular Windowsmedia.com and core Windows Media services such as the Windows Music, Movies and TV identification and metadata service. Collectively, Mr. Martin ran a business with over 100 employees that served more than 2.5 billion requests a month to the broader 400+ million Windows clients world-wide.

"Over the years, Loudeye has assembled a wealth of technical assets and digital media infrastructure that will play an important role as more companies deploy digital media services and launch new products," said John Martin, Loudeye's senior vice president of technology and development. "Although industry leaders such as Microsoft have delivered the foundation technologies that enable a rich digital media experience, it is too costly, time consuming and complex for companies to attempt to develop a branded digital media services infrastructure on their own. This places Loudeye in a unique position to be a critical partner to the development and deployment efforts of almost every company looking to enter the digital media services market. In my new role, I intend to ensure that Loudeye is the market leader in this space."

Previously at Microsoft, Mr. Martin pioneered the creation of Microsoft.com, one of the first Windows product extension experiences and one of the largest sites on the Internet. The early part of his career at Microsoft included working in program management on the Windows NT 3.1/3.5 teams.

Before joining Microsoft, Mr. Martin spent five years working at the National Aeronautical and Space Administration (NASA) where he led part of the NASA Science Internet (NSI) project. In this capacity, Mr. Martin jointly developed the early Internet backbone by deploying and developing wide-area network solutions for NASA-funded scientists worldwide where information sharing was an integral part of the space and earth exploration systems.

"John's proven track record as a leading technologist in the digital media industry will be invaluable to Loudeye and our partners and customers. John has the skills and experience needed to build and deliver complex, high quality, massively scalable digital media products and services," said Anthony Bay, Loudeye's chairman of the board. "We believe John's technical knowledge, vision and insight into the industry will strengthen our service offerings, deepen our proprietary intellectual property base, broaden our development efforts and help us add further value to customers at this critical juncture in the digital media sector."

"John's been one of the most important and influential innovators in the digital media industry and we believe he will be a strong complement to our executive team," said Jeff Cavins, Loudeye's president and chief executive officer. "His work over the last decade has helped define the current digital media experience and lay the groundwork for its future development."

About Loudeye Corp.

Loudeye provides the business infrastructure and services for managing, promoting and distributing digital content for the entertainment and corporate markets. For more information, visit www.loudeye.com.

Forward Looking Statements

This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, including statements by Loudeye's chairman of the board and CEO about the anticipated performance of John Martin as senior vice president of technology and development, and statements by the chairman of the board, CEO and senior vice president of technology and development relating to the company's growth opportunities resulting from the achievement of Mr. Martin's objectives; the leveraging of its technical assets to increase revenue and improve gross margins, and the new digital media initiatives expected from Loudeye's current and potential customers. These statements are based on current expectations and actual results may differ materially due to risks and uncertainties, including lower-than-expected revenue growth, market penetration, and efficiency increases following the addition of Mr. Martin to the executive team; Loudeye's ability to retain key personnel; unexpected difficulties or costs associated with the integration of Loudeye's multiple platforms technical systems, the possibility of adverse changes in the market for the distribution of digital media; and other risks and uncertainties set forth in our most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at www.sec.gov. We assume no obligation to update the forward-looking statements.

SOURCE Loudeye Corp.

press, Andrew Cullen of Barokas Public Relations,
[phone], or [e-mail], for Loudeye; or investors, Michael
Dougherty of Loudeye Corp., [phone], or [e-mail]


http://www.loudeye.com