iMusic (IMWL)

[satelliteguy]

I see that no one has replied to my question from earlier today, so I will ask it again a slightly different way.

The January 24, 2011 press release calls IMusic Worldwide a wholly owned subsidiary of Wiltshire Smyth. If that statement is true, which the 2009 press release below seems to support, it means that ownership of shares of the IMWL ticker does not represent an ownership interest in the company described below. Wholly owned by Wiltshire Smyth means that there are no shares of THAT "Imusic Worldwide" trading publicly. The IMWL shares would then represent a different company, or maybe no company (i.e., perhaps a zombie ticker rather than a shell). Can anyone clarify?

Grand Cayman, Cayman Island — February 12th, 2009 – Wiltshire Smyth, a venture capital company is pleased to announce that it has closed its acquisition of Imusic Worldwide Inc. a leader in the online music business.

As a portal for digital music content, Imusic is extremely well positioned to capitalize on the rapid growth of digital music. Imusic’s strategy is to deliver music to consumers in any form, at any time and in any place. Imusic is focused on delivering music content from today’s pop culture sensations, niche independent creations, and stuff from our own community, and one-of-a-kind independent artists that will keep you coming back for more. So whether you’re looking for rock, country, rap, classical, jazz, hip hop, blues, dance or folk and others, Imusic will bring it all to you – how you want it, when you want it.

"It is good to finally close the Imusic transaction, this gives our shareholders another opportunity to capitalize on the growing trends of the internet and to earn additional returns." stated Mr. B. Smyth, President of Wiltshire Smyth International Inc.

About Wiltshire Smyth:

Wiltshire Smyth International Inc. is a highly innovative holding company built on the belief that the world's greatest potential for financial growth lies in emerging companies. WSI finds undervalued small and microcap businesses with breakthrough products, services and technologies and delivers the equity, financial guidance, strategic counsel, consulting and business functions they need in order to succeed in the public marketplace. Taking an ownership in standout emerging growth companies creates assets and drives shareholder value for WSI, and the diversified holding company organizational structure and range of industries provides diversity of risk. For more information please visit WSI's website at www.wiltshiresmyth.com.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact:

Investor Relations

E-mail: [e-mail]

URL: http://www.wiltshiresmyth.com