6/28/2002 - Today announced the creation of its Broadband Entertainment Business Unit, which is being directed by former MP3.com executive and San Diego radio host Bryan Jones. Jones will lead the development of e.Digitalís new Web-based digital music subscription service, which will feature streaming and downloadable music by a growing collection of nearly 3,000 independent artists. The site is projected to become e.Digitalís one-stop entertainment destination for its users to access digital music, movies, books, and more.
e.Digitalís new digital music Web site is scheduled to be launched later this year as a free value-added service for its product users and later will convert to a subscription service. Users will be able to visit the site to download tracks directly to their players. The subscription initiative also calls for e.Digitalís audio products to come preinstalled with authorized music content. Starting in July, the OdysseyTM 100, 200, and 300 audio players will be the first e.Digital-branded products to be preinstalled with music content, with other e.Digital-branded products to follow.
Jim Collier, e.Digital president and COO, said, "The subscription service will provide additional opportunities for revenue enhancement. According to Jupiter Media Metrix, subscriptions will account for 60% of online music products sold in 2006. The service will also provide opportunities for e.Digital brand building and user access to a variety of independent artists. Our goal is to expand the content on the site to include digital movies, electronic books, and other digital media in addition to music."
Jones added that, "Thereís a tidal wave sweeping across the digital music landscape. Itís changing the way people access and listen to music, and e.Digitalís new Broadband Entertainment Business Unit intends to ride the crest of that wave. With the creation of our new digital entertainment Web site, we expect to provide a one-stop shop for our product users so they can download music and eventually other digital content to their portable e.Digital devices."
Jones has nearly 20 years of experience in the music industry, most of which were spent as a radio morning drivetime host for the popular and influential radio stations 91X in San Diego and 107.7 The End in Seattle. Jones also served as Vice President of Strategic Programming at San Diego-based MP3.com, where he was responsible for projects such as music services for retailers, RadioMP3, college radio syndication, and sales and marketing initiatives. Jones later became the Senior Vice President of New Media for sonicgarden.com, where he oversaw digital strategies including streaming and Web-based radio development. Following that he served as the President of Solutions Media, Inc., where he directed all aspects of the companyís digital music business.
e.Digital Corporation designs, licenses, brands, manufactures, and sells digital audio products and technologies. The company also offers an engineering partnership for the worldís leading electronics companies to link portable digital devices to PCs and the Internet. e.Digital develops and markets to consumer electronics manufacturers complete end-to-end solutions for delivery and management of open and secure digital media with a focus on music, voice and video players/recorders and automotive infotainment and telematics systems. Other applications for e.Digitalís technology include portable digital music players and voice recorders, desktop, laptop and handheld computers, PC peripherals, cellular phone peripherals, e-books, video games, digital cameras and digital video recorders. Engineering services range from the licensing of e.Digitalís patented MicroOSTM file management system to custom software and hardware development, industrial design and manufacturing services. For more information on the company, please visit www.edig.com. To shop in the e.Digital online store, please visit www.edigital-store.com.
Safe Harbor statement under the Private Securities Litigation Reform of 1995: This document contains forward-looking statements relating to future performance, technology and product development that may affect future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward- looking statements as a result of risks and uncertainties, including future products and results, technological shifts, potential technical difficulties that could delay new products, competition, general economic factors, and conditions in the markets in which the company operates, pricing pressures, the uncertainty of market acceptance of new products and services by OEM's and end-user customers, and other factors identified and discussed in the Companyís most recent filings with the Securities and Exchange Commission. These forward-looking statements are based on information and managementís expectations as of the date hereof. Future results may differ materially from the Companyís current expectations.
e.Digital, MicroOS, VoiceNav, and Music Explorer are trademarks or registered trademarks of e.Digital Corporation. All other company, product, and service names are the property of their respective owners.
CONTACT: Robert Putnam, (858) 679-1504, email@example.com
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