JKTI news - IndieMV Defines Plans to Connect Music Fans, Artists and Independent Record Labels Through Social Networking
Tuesday October 9, 7:30 am ET
IndieMV Reveals Plan to Share Revenue with Artists
NEW YORK & LOS ANGELES--(BUSINESS WIRE)--IndieMV Media Group Inc. and associated Companies (Jake's Trucking International Inc.) (OTCBB:JKTI - News) today defined its plans to connect music fans, artists and independent record labels through the Company's web property www.IndieMV.com. The announcement was made by IndieMV Company President and CEO, Ricardo Khayatte.
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IndieMV Media Group, Inc. is a fully integrated, digital entertainment company and a pioneer in the distribution, licensing, and marketing of digital video content and its related businesses. Fueled by its partnerships with world-class record companies, wireless communication companies and major sponsorship corporations, the Company has positioned itself to become a leader in social networking and digital video distribution on the web.
The Company's web property, www.IndieMV.com, is a video-based website that has been designed to connect independent music fans, artists and labels through social networking. Company President and CEO Ricardo Khayatte stated, "Our goal is to establish communities of like-minded music lovers and the indie artists they love while acting as a vehicle that connects users with independent music from around the world."
IndieMV is not only a video marketplace for musicians, but also a social networking service for students, music lovers, and users that simply want to connect. Services to users are based around networking tools such as video blogging (vlogging), private web cam messaging, photo sharing, music videos, interviews, and much more. Services to musicians will include digital distribution, access to all user-based features, and a 50% revenue share on video downloads.
In addition to the revenue streams that will come from advertising driven by our social networking services, revenue will flow from Direct downloads of gifted music videos through our online store, and our mobile phone partners that will be distributing our content to their established user-base.
About IndieMV Media Group Inc./Jake's Trucking International Inc.
On September 1, 2007, Jake's Trucking International, Inc. entered into an Agreement and Plan of Merger with IndieMV Media Group, Inc. IndieMV Media Group, Inc. is a fully integrated, digital entertainment company and a pioneer in the distribution, licensing, and marketing of digital video content and its related businesses. Fueled by its partnerships with world-class record companies, wireless communication companies, and major sponsorship corporations, the Company has positioned itself to become a leader in social networking and digital video distribution on the web.
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking statements based on the Company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company's products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended September 30, 2006, on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Contact:
Asbury Communications, Inc.
Mike Rivers, 818-865-9898
mike@asburypr.com
Dan Harary, 310-859-1831
dan@asburypr.com
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Source: IndieMV Media Group Inc.