Napster to Rock MP3s

Jan 07, 12:10 AM

Users of Napster's on-line download store and Napster's subscription offerings, Napster and Napster To Go, will soon be able to purchase MP3s to enhance their Napster music experience. Napster is the largest on-demand music subscription service in the industry and the unlimited music model will remain a core focus of the company. Napster To Go is the industry's most successful portable subscription service and is supported by a wide array of device manufacturers including all major cell phone manufacturers, who are expected to ship many new Napster To Go compatible handsets in 2008.

Commenting on the company's move to MP3s for download sales Napster's Chairman and CEO Chris Gorog said, "As there is now a critical mass of support for MP3s we are very pleased to announce we will soon offer our customers the user-friendly MP3 file format throughout our product line-up and provide the top-tier content our users expect from Napster. The ubiquity and cross-platform compatibility of MP3s should create a more level playing field for music services and hardware providers and result in greater ease of use and broader adoption of digital music."

Napster will provide further details about its MP3 initiative upon its upcoming availability.

About Napster

Napster, the pioneer of digital music, offers the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music -- anytime, anywhere. The company's offerings include "Napster" (www.Napster.com) -- the most popular, on-demand music subscription service in the world; "Freenapster" (www.freenapster.com), a unique Web experience offering free, on-demand music legally in the U.S.; and "Napster Mobile," one of the industry's fastest growing mobile music platforms, providing the premier mobile music experience for customers in nine global markets. Headquartered in Los Angeles, Napster's services are available in markets across North America, Europe and Japan.

Safe Harbor Statement

This press release contains forward-looking statements regarding the Company's expectations for its future performance and that of the digital music industry generally, its position in the industry and its compatibility with mobile handsets. These forward-looking statements are subject to certain risks and uncertainties such as our limited operating history; failure to develop new products and services; flaws inherent in our products or services; decreased demand for our products and services; failure of our products to interoperate with the hardware products of our customers; the adoption rate of mobile platforms as a method of digital music purchase, including the rate of adoption of music-enabled cell phones compatible with the Company's service offerings; intense and varied competition; failure to maintain relationships with strategic partners and content providers; and general economic conditions; that could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Napster's reports filed with the Securities and Exchange Commission (SEC), including the Company's Quarterly Report on Form 10-Q as filed with the SEC on November 1, 2007, copies of which are available at the website maintained by the SEC at http://www.sec.gov. Napster assumes no obligation to update the forward-looking statements included in this press release.

Copyright Copyright 2008 Napster, LLC. All rights reserved. Napster, Napster Mobile, Napster To Go and Napster Light are either trademarks or registered trademarks of Napster, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners.

 Media Contact: Jeff Fox The Blueshirt Group, for Napster (415) 828-8298 Email Contact  Investor Contact: Alex Wellins The Blueshirt Group, for Napster (415) 217-7722 Email Contact  

SOURCE: Napster Napster to Rock MP3s
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