LOUD Loudeye

CD WOW! Moves into Digital Music With Launch of Loudeye-Powered Online Music Store LONDON, May 5 /PRNewswire-FirstCall/ -- Loudeye Corp. (NASDAQ:LOUD), a worldwide leader in business to business digital media solutions, today announced the launch of a digital music store for CD WOW!, a leading online retailer of CDs, DVDs, consumer electronics and games. The CD WOW! music store allows consumers to find and discover music through CD WOW!'s chart-based organizational system that's made CD WOW! a popular online destination for CD purchases. The chart based architecture helps consumers quickly identify the most popular tracks in various categories, while still being able to search the entire catalog as desired. The CD WOW! site will offer music downloads alongside traditional CD formats and will also offer a range of portable music devices compatible with the CD WOW! music store. Philip Robinson, founder of CD WOW!, said, "Our ethos is to provide our customers with a 'Best Value Always' promise with the highest quality customer service and our partnership with Loudeye reflects this ethic. Loudeye's ability to rapidly launch the music store was also key in our decision to choose them as our provider for the service." Philip Shepherd, Loudeye's head of strategic partnerships, EMEA, said, "We are delighted CD WOW! has chosen us for their digital music needs. The music downloading marketing is proliferating and maturing rapidly and the more brands offering services, the wider the choice for consumers. The launch of CD WOW!'s music store highlights how existing retail companies can rapidly expand their existing business to include digital music downloads using Loudeye's services." About Loudeye Corp. Loudeye is a worldwide leader in business-to-business digital media solutions and the outsourcing provider of choice for companies looking to maximize the return on their digital media investment. Loudeye combines innovative products and services with the world's largest digital music archive, a broad catalog of licensed digital music and the industry's leading digital media infrastructure enabling partners to rapidly and cost effectively launch complete, customized digital media stores and services. For more information, visit http://www.loudeye.com/. Forward Looking Statements This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and actual results may differ materially due to risks, including the possibility of adverse changes in the market for distribution of digital audio and video that Loudeye serves; adverse or uncertain legal developments with respect to copyrights surrounding the creation and distribution of digital content; pricing pressures and other activities by competitors; the failure of Loudeye's hosting infrastructure; the complexity of Loudeye's services and delivery networks; any problems or failures in the structure, complexities or redundancies of Loudeye's network infrastructure; failures in third party telecommunication and network providers to provide required transmission capacity; lack of market acceptance for Loudeye's products and services; the possible delay in the adoption of digital media or related applications on the web in general; and other risks set forth in Loudeye's most recent Form 10-Q, Form 10-K and other SEC filings which are available through EDGAR at http://www.sec.gov/. Loudeye assumes no obligation to update the forward-looking statements. DATASOURCE: Loudeye Corp. CONTACT: Karen DeMarco of mPRm Public Relations, +1-323-933-3399, or , or Europe, Chris Owen of Trimedia Communications UK, +44 (0) 207 471 6851, or +44 (0)7970 933 680, or , both for Loudeye Corp.; or investors, Michael Dougherty of Loudeye Corp., +1-206-832-4000, or Web site: http://www.loudeye.com/

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