United Internet Technologies and Liquid Audio Team Up to Offer Music Downloads.Business Editors &High-Tech Industry Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 9, 2000 More Than 60,000 Tracks to be Available For Preview or Purchase on UIT UIT Union Internationale des Télécommunications UIT Unit Investment Trust UIT Ultraviolet Imaging Telescope UIT União Internacional das Telecomunicações (Portugal) UIT University of Information Technology and Affiliate Broadband-Style Video Web Sites United Internet Technologies (UIT), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of United Leisure Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UTDL), and Liquid Audio Inc. (Nasdaq:LQID), a leading provider of software and services for the Internet delivery of music, today announced they have teamed up to offer digital downloads  The perspective and/or examples in this article do not represent a world-wide view. Please [ edit] this page to improve its geographical balance. to UIT customers. UIT joins the more than 500 affiliate Web sites in the Liquid(TM) Music Network where consumers can preview and download CD-quality music from Liquid Audio's extensive catalog of 60,000 songs from artists on 1,000 labels. Under a new agreement, UIT will include Liquid Audio's Liquid(TM) Player software and links to Internet music with UIT's proprietary software released on CD-ROMs. UIT holds patents on its Internet-enabled video technology, which allows users to view full-motion video Video transmission that changes the image 30 frames per second (30 fps). Motion pictures are run at 24 fps, which is the minimum frequency required to eliminate the perception of moving frames and make the images appear visually fluid to the eye. while online, providing a broadband-style experience with a conventional dial-up connection. Past UIT partnerships include NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. and World Championship Wresting (Turner Entertainment, a Time Warner Company). With both software products resident on a UIT CD, users can access immediate broadband-style video from UIT-enabled Web sites, and use the Liquid Player to sample or purchase music from Liquid Audio's extensive catalog. Said Brian Shuster, chairman of UIT: &uot;Liquid Audio provides the kind of synergy we look for in strategic relationships. Their technology and business is very complementary to our product and applications.&uot; &uot;Affiliation with the Liquid Music Network enables UIT to quickly and easily offer Internet music downloads A music download refers to the transferring of a music file from an Internet-facing computer or website to a user's local computer. This term encompasses both legal downloads and downloads of copyright material without permission or payment if required. to consumers,&uot; said Heather Furmidge, VP of Internet Business at Liquid Audio Inc. &uot;With this agreement we are enhancing consumer access to Liquid's extensive catalog and further expanding the reach of our distribution network.&uot; United Internet Technologies is positioned at the center of the converging worlds of Internet, entertainment and communications. It is focused on bringing to market proprietary technology to differentiate Internet properties in the entertainment industry. About Liquid Audio Liquid Audio Inc. is a leading provider of software and services for the digital delivery of music over the Internet. The Liquid Audio solution gives musicians, record labels, Web sites and music retailers the ability to publish, syndicate and securely sell recorded music recorded music n → música grabada online with copy protection and copyright management. Using the Liquid(TM) Player software, available for free download at www.liquidaudio.com, music fans can preview and purchase downloadable music from the more than 500 affiliate Web sites in the Liquid(TM) Music Network. Traded on Nasdaq under the symbol LQID, Liquid Audio is located in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. This news release contains &uot;forward-looking statements&uot; within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events. Note to editors: Liquid, Liquid Audio Inc., Liquid Audio, the Liquid Audio logo, Liquifier and Liquid Music are trademarks of Liquid Audio Inc. For more information about Liquid Audio software and services call 888/liquid-0 or visit http://www.liquidaudio.com. |
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