SCOTTSDALE, AZ--(Marketwired - Jul 8, 2013) - Beamz Interactive, Inc. (OTCQB: BZIC), an emerging growth technology company specializing in state-of-the-art interactive music products, today announced that it has entered into a content licensing agreement with Stingray Music USA, a subsidiary of Stingray Digital Group Inc., to secure a wide range of cover songs and re-recorded tracks of today's top artists. The Stingray Music library includes over 16,700 re-recorded hits, delivered to some of the world's leading entertainment brands for use in TV, advertising, consumer products and karaoke applications.
"We are thrilled to announce this agreement with Stingray Music," said Charlie Mollo, President and CEO of Beamz Interactive. "The synergies of Stingray's extensive music catalogue, combined with our innovative laser controller technology, positions Beamz Interactive for significant revenue generation capabilities as the market embraces our interactive music format."
Through this new licensing agreement, Beamz is able to leverage the Stingray Music catalogue to supplement the current Beamz music library. The Stingray Music agreement complements the other content licensing agreements that Beamz has entered to-date, ensuring the company has a quality offering of music by all of today's top artists. An initial range of updated Beamz music content will be launched when Beamz Interactive introduces its new product offering in Q3, 2013.
"Stingray is delighted to partner with Beamz as we make our content available to their dedicated users around the world," said Derek Slep, Music Licensing at Stingray Music. "Our extensive music library provides Beamz with a significant catalogue of today's most popular artists and classic hits. We look forward to working with Beamz as they make their new product launch a major success."
In each Beamz song, up to 12 different instruments, music clips and sound effects are harmoniously paired with a background rhythm track that users can manipulate via the proprietary Beamz interactive software, which is packaged with all Beamz laser controller products. These preset, programmed songs make it easy for anyone to make great sounding music in minutes, regardless of experience.
The Beamz interactive music library includes top hits, party favorites and original works from Grammy award winning artists, and will soon include a broad range of popular tracks from Stingray.
About Stingray Digital Group, Inc.
Stingray Digital Group is a leader in interactive music distribution. The company's properties include: The KARAOKE Channel, the world's largest licensed karaoke library and karaoke service on TV and Internet; Galaxie, the leading digital music service on TV in Canada; Music Choice Europe, a digital music service on TV in Europe and Africa; Stingray360, a leader in commercial music and video solutions; Concert TV, a video on demand service; and, Stingray Music, a leader in music licensing for film, television and advertising. Stingray Digital is financially backed by Telesystem and Novacap. Headquartered in Montreal, Stingray Digital has more than 200 employees, with additional offices in Los Angeles, London and Tel Aviv. For more information, please visit: www.stingraydigital.com.
About Beamz Interactive, Inc.
Based in Scottsdale, AZ, Beamz Interactive, Inc. (OTCQB: BZIC) has created state-of-the-art interactive laser controller technology that can be used to develop new market opportunities in a wide variety of music, education, healthcare, gaming and consumer applications. In its first application, the Company developed an innovative new music technology and product offering that brings music to literally everyone in a way that was previously not possible. Beamz allows people that have no musical background or training to play and enjoy music within minutes, yet it has the depth to enable accomplished DJs, artists and musicians to perform, compose and create highly sophisticated interactive music. Beamz Interactive's technology portfolio includes multiple patents, patents pending and trade secrets covering interactive music, software, laser-based controllers, gaming applications and related designs and devices. For more information on Beamz, please visit: www.thebeamz.com.
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This press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required by law, the Company assumes no obligation to update publicly or to revise these forward-looking statements.