BLLN - Time to get in again
Corporate Update 06/16/2009
Qtrax, Inc. ("Qtrax") a division of Brilliant Technologies Corporation (BLLN.PK) today provided this corporate update. Qtrax will provide bi-monthly updates going forward.
Expansion of Music Catalogue
Qtrax will be more than doubling its vast library of songs on or before July 6th, 2009.
Song Download Speed
Users of the Qtrax US Preview software will have noticed that with a broadband connection, song download speeds probably average somewhere between 3 & 10 seconds. This clearly compares favorably to all other music services.
Official Global Launch
Qtrax will officially launch in the United States and in at least 6 other countries with version 1.01 on July 22nd, 2009.
Allan Klepfisz, President & CEO commented:
"This has obviously been a long time coming. We are thrilled to have finally reached this point as we are with the unique product we will be offering. This of course is the first time that free & legal downloads have been offered to the world from a broad catalogue. We will be providing specific country details in our next update".
The Global Launch will involve a number of high profile artists, industry leaders & partners.
Qtrax will be launching an extensively enhanced product. Features include:
* Compatibility with Mac, Linux & PC
* Ability to transfer songs to a wide range of mobile phones & mp3 players
* Elimination of the need for cumbersome installation
* Further developed social networking features
Licenses
On or before July 6th, 2009, Qtrax expects to announce new record company & publishing licenses.
New round of funding
The Company expects to successfully complete a new round of funding during June, 2009. Details will be made available at the time of completion.
Quarterly & Annual Filings
The company expects to file up-to-date audited accounts during July, 2009.
Executive Appointments
Michael Arons has been appointed interim CFO.
Blake Indursky has been appointed Executive Vice President.
Alex Goodman has been appointed Executive Director, Asia/Pacific.
David Musolf has been appointed Global Head Ad Sales.
Agency Appointments
Richard Rubenstein has been appointed to manage PR globally working in concert with Qtrax's in house team, lead by Shamin Abas.
Steak Digital has been appointed to manage online marketing, search engine optimization & traffic build globally.
Cunning has been appointed to create & manage special events from launch onwards.
Qtrax Blog
On or before June 27th, 2009 Qtrax will inaugurate a blog. With regular contributors & occasional executive postings, the blog will deal with Qtrax developments as well as reflections on the industry and anything else that grabs the Qtrax team's attention. It will be lively, irreverent and forceful when appropriate.
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