True Corporation Launches NS8’s iWave Music Player
July 31st, 2007 Leave a comment Visited 26 times, 1 so far today
True Corporation Launches NS8’s iWave Music Player
True Corporation PCL (”True”) launched its custom branded True Music Player on June 26th for its True entertainment site www.trueworld.net. The True world entertainment site currently receives more than 60,000 unique users a day. After completion of its consumer soft launch, True plans to aggressively promote the True music player as an integrated component of its music service. Currently, the True music library consists of over five hundred thousand songs ranging from major to independent and local music labels. NS8 Corporation (”NS8″) will participate in a revenue sharing arrangement with True on each music download purchased from the True Music Player.
The True Music Player is a custom designed utility for personal digital media management and is designed to enrich and enhance the end-user experience. It allows its consumers to download, store, manage, and transfer media to CD’s and is compatible with most portable MP3 devices. NS8’s iWave Music Player is a cost effective turn-key platform that is easy to deploy and operate and can be branded to a company’s specific requirements.
Carl Segal, Executive Vice President of NS8, said, “We are excited about the commercial release of the True music player. Combined with True’s vast library of music, we are confident that this will further enhance and contribute to the continued success of their on-line music service.”
Pichit Thanyodom, Enabling Technology Director of True’s Multimedia Business, said, “the iWave Music Player is a central piece of our on-line music strategy. The iWave music player will allow our users to easily access our substantial library of music while enabling them to easily store, manage and transfer songs to other devices.”
According to emarketer, there are over 850 million internet users worldwide with 349 million residing within Asia and the Asia Pacific regions. According to a report from AccuStream iMedia Research, music download and subscription revenue is forecast to grow at approximately 48.5% in 2007 to $2.2 billion, a considerable leap from 2003, when $90.2 million was generated from online sales. Forecasts from Informa Telecoms & Media released at the Mobile Entertainment Market (MEM) 2006 conference in London suggest that mobile games, music and video downloads will be worth $25.9 billion by 2011.
About True Corporation PLC
True Corporation Public Company Limited is Thailand’s only fully-integrated communication solutions provider, convergence solutions leader and premier lifestyle enabler. We provide consumers, small and medium enterprises, and corporations with a full range of voice, data and multimedia solutions customized to meet their needs. We are the largest wireline service provider in Bangkok, the largest broadband provider in the country and a major player mobile phone service provider. True is more than just technology; we are about passion, innovation and service. We bring people together and provide fulfillment through communications. We give people the freedom to live different lifestyles by providing them with the power to communicate as well as access knowledge, information and entertainment, whenever, wherever, and how they like. Everyday we work in partnership with our customers to develop solutions that can lead to opportunities, and add value to their lives at home, in the office and on the move. For more information please visit: http://www.truecorp.co.th.
ABOUT NS8 CORPORATION
NS8 Corporation (www.ns8corp.net) is a Digital Interactive Media Distribution Company that specializes in the development of server-based technologies in the areas of content licensing, digital media publishing and royalty distribution management, including interactive consumer viewing systems for Internet on-demand applications for PC, and other portable media devices. iWave Interactive Systems is a division of NS8 Corporation that specializes in providing turn-key Broadcast Management Solutions for digital content over Internet enabled networks.
SAFE HARBOR STATEMENT
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company’s current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release.
TRADEMARKS
Consumer Program and Shopping Guide, CPG, Library Distribution Management System, LDMS, NS8, Secure Digital Content Distribution, Security Protocol Integration, SPI, and iWave Interactive Systems, iWaveMedia, AdWave are either registered trademarks or trademarks of NS8 Corporation or its subsidiaries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For more information, please contact
NS8 Corporation
Uriel Kusiatin
President
(604) 677-6994 ext. 209
Website: www.ns8corp.net / www.truecorp.co.th
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