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LOS ANGELES, Nov. 1 /PRNewswire/ -- Fluid
Media Networks, producers of American Idol Underground,
today announced the acquisition of Trusonic Inc., a La Jolla,
Calif.-based music distribution company with proprietary
technology that provides in-store music internationally for more
than 10,000 broadcasting partners including Guitar Center, PETCO,
and Cracker Barrel. Trusonic is one of the largest providers of
web-based music and in- store messaging services, in addition to
its licenses with major record labels Trusonic's data base
contains over 1.5 million emerging artist tracts.
"We are excited about the Trusonic
acquisition because it represents a critical milestone for Fluid
Media Networks. With a combined library of over 2 million artist
tracks, 20 million monthly listeners and 80 million monthly song
plays, Fluid Media Networks is now the single largest
broadcaster of emerging artists music programming," said Justin
Beckett, Chief Executive Officer (CEO) of Fluid Media Networks.
"The Internet has leveled the playing field for emerging artists
working outside the traditional A&R system. We are building a
network designed to maximize opportunities for emerging artists
to get their music heard and our acquisition of Trusonic
provides a fantastic distribution platform for emerging artists
to be showcased in retail stores and businesses worldwide."
The music libraries of the combined companies
will contain more than two million tracks from emerging artists
that span 13 genres of music, including Rock, Rap, Pop, R&B,
Country, Jazz, Folk, Electronica, World, Classical, Faith-Based,
Spoken Word, and Comedy.
"Our technology combined with Fluid Media
Networks artists' development infrastructure will offer an
unprecedented opportunity for musicians and businesses alike,"
said Joseph Tebo, CEO and President of Trusonic. "Fluid Media
Networks has a unique vision for the future of the music
industry and we look forward to working with the team."
Trusonic will maintain its La Jolla location
as a wholly-owned subsidiary of Fluid Media Networks. The
management team will remain in place and continue to manage
day-to-day operations.
About Fluid Media Networks
Fluid Media Networks,
(http://www.fluidmedianetworks.com) formerly Fluid Audio
Networks, is a diversified music services company whose products
and solutions facilitate the seamless distribution of music. The
company has developed a number of innovative technology
applications that are changing the way that music is discovered
and distributed. Fluid Media Networks state of the art user
generated media platform has enabled the company to partner with
some of the biggest entertainment brands including American Idol
and Sony.
About Trusonic, Inc.
Trusonic, Inc. (http://www.trusonic.com)
is the leading provider of Internet-based business music and
messaging services. Trusonic is committed to bringing
comprehensive and convenient audio branding, identity and
messaging services to commercial establishments around the world
through its Internet- based, self-service media management
solutions and reliable media delivery systems. Trusonic
Independent Artist music is available exclusively to its
subscribers. Trusonic, Inc. is a wholly-owned subsidiary of
Fluid Media Networks.
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