iQuest Networks Inc. Continues to Expand It's JackalopeAudio.com Website as a 'Complete Music Portal'.Business/Technology Editors NEW LONDON New London, city (1990 pop. 24,540), New London co., SE Conn., on the Thames River near its mouth on Long Island Sound; laid out 1646 by John Winthrop, inc. 1784. , Conn.--(BUSINESS WIRE)--May 30, 2001 iQuest Networks Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). : YQN; U.S. trading symbol Trading symbol See: Ticker symbol : IQNW; www.iquestnetworks.com) is pleased to announce that users of iQuest Networks Inc. wholly owned website www.JackalopeAudio.com now have the ability to; grow their MP3 database through links to downloadable MP3s, register their own domain names, buy, sell, and trade music related items, and all users irregardless ir·re·gard·less adv. Nonstandard Regardless. [Probably blend of irrespective and regardless. of their bandwidth can now communicate with the Jackalope Audio network via the Jackalope Audio Message Board feature, accessible directly through the Jackalope home page. "The integration of these new features, strengthens the Jackalope Audio site as a complete music portal, anchored by a cutting edge, secure, MP3 file sharing See Napster. service" said Christopher Desrosiers, President of iQuest Networks and Jackalope Audio Inc. "As the site continues to grow and mature with our user base, all of the value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. features that surround the core streaming service will provide all current and new users with a "one stop shop" for all of their music related needs." Jackalope Audio users already had the ability to purchase CD, concert ticket, and music memorabilia through the website as well as being able to research cities for concert and event listings, and purchase specialty items for composers and musicians. "Our goal is to provide music consumers with a single destination to access, purchase, and discover music," said Mr. Desrosiers, noting that the Internet community embraces user friendly, all encompassing services. "Achieving that goal will set Jackalope Audio apart from the competition, and in light of recent online music industry consolidation, our service and technology can be an ideal answer for those seeking that one stop solution." This integration is part of the ongoing efforts for JackalopeAudio.com to build its user base and gain corporate sponsorship. About Jackalope Audio, Inc. Jackalope Audio is a music portal for the music enthusiast. Jackalope Audio allows members to purchase CD's and videos, research their favorite artists, purchase concert tickets and music memorabilia, chat with other members on its Jackalope Audio message board, and much more. The core of Jackalope Audio is a technology that creates a network of individual users who make their pre-recorded music selections available to others in the network via the Internet. Unlike some highly publicized music sharing See peer-to-peer network. systems that download music files, Jackalope Audio lets users create a list of their favorite selections and then stream these selections from other network members without actually downloading or copying the music files. The streaming is done over the Internet via a proprietary, secure, encrypted framework that allows full enjoyment of a wide variety of music selections whenever the user wishes while preventing unauthorized, and now unnecessary, downloading of the music files. Jackalope Audio is 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 iQuest Networks, Inc. For more information, please visit www.JackalopeAudio.com . About iQuest Networks Inc. iQuest Networks actively helps high-tech start-up companies bring their enabling technologies to market by providing the necessary capital; industry, marketing and strategic expertise; and other consultative services they need to succeed. iQuest Networks Inc. is a U.S. company, established in 2000, with offices in New London, Connecticut New London is a city and a port of entry on the northeast coast of the United States. It is located at the mouth of the Thames River in southeastern Connecticut. New London was founded in 1646. and Vancouver, British Columbia. For more information, please visit www.iquestnetworks.com iQuest Networks Inc. Corporate Headquarters Office: 165 State Street, Suite 325 ; New London, CT 06320; 866.702.1234. Trading symbol on the U.S. Grey Market: IQNW; Trading symbol on The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) : YQN. CUSIP Number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. 46264V105; iQuest and Jackalope Audio are trademarks of iQuest Networks, Inc. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For more information contact: Chris Desrosiers toll free 866-702-1234; info@iquestnetworks.com. This press release may contain forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described. |
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