SOURCE: Immediatek, Inc.

May 12, 2005 13:16 ET

General Partner of Venture Fund Joins Immediatek/DiscLive's Advisory Board

DALLAS, TX -- (MARKET WIRE) -- May 12, 2005 -- Immediatek (OTC BB: ITEK) announced today that Dallas venture capitalist Charles Humphreyson has joined Immediatek's advisory board, and will immediately begin advising Immediatek/DiscLive in the areas of fundraising, general business and strategic growth.

Humphreyson is the co-founder and general partner of the firm HO2 Partners (www.ho2.com). Mr. Humphreyson sits on the board of the venture backed companies GlobeRanger, Traq-wireless and network technology company Voyence, which was founded by Immediatek CEO and Chairman Zach Bair as "PowerUp Networks" in 2000. Humphreyson was a founder of Contact Software, the developer of the ACT! contact management software. HO2 is one of several high-profile venture capital companies collectively known as the "16th Floor" of the Galleria in Dallas, including Sevin Rosen Funds, InterWest Partners, and CenterPoint Ventures.

Bair and Humphreyson met in 2000 when Bair came to HO2 with his software that eventually became Voyence's flagship product. After "fast-tracking" Bair's technology through the 16th Floor syndication, Humphreyson helped Bair and his management team raise an "A" round of over $12 million for Voyence. In late 2001, Bair left Voyence and started Immediatek. Over the last few years, Bair has kept Humphreyson up-to-date with Immediatek's progress.

"Zach's visionary and entrepreneurial skills have once again put him at the core of innovation in a market. As a venture capitalist, I am attracted to companies with innovative concepts that create new markets and I think Immediatek is one of those companies," Mr. Humphreyson said.

Immediatek (OTC BB: ITEK) is the parent company of DiscLive, and is the developer of NetBurn Secure™ (www.netburncd.com), the only "single-click CD download and burn" software product on the market that helps record labels, artists, and content providers curb Internet piracy and protect their revenues by providing copy control even after digital music has been burned to disc, and which provides a new paradigm in digital delivery through the NetBurn Portal System. Immediatek is combining technologies to create new and exciting product offerings, all geared for creating new revenue streams for artists and labels, and implementing copy management to help reduce illegal file-sharing activity. Immediatek was founded by CEO and musician Zach Bair, who also founded venture-backed Voyence (www.voyence.com) as PowerUp Networks in 2000. NetBurn Secure™ also employs technology by third parties such as Microsoft and includes security components by SunnComm International. Immediatek's company website is www.immediatek.com.

DiscLive (www.disclive.com) is a pioneer and the leader in the new business of recording concerts and distributing mass CDs immediately after the show. The company is expanding its business rapidly as the live disc phenomena continues to grow. The company has completed tours from Vermont to California as well as in Canada and the United Kingdom, with its state-of-the-art mobile recording and production facilities that can produce 1,000 high quality CDs in less than 20 minutes. The company is headed by CEO and musician Zach Bair. A May 2, 2004 headline in The New York Times dubbed the DiscLive offer of legal, high-quality CDs made available immediately after the concert "Rock's Best New Souvenir."

Safe Harbor Statement: This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors, including but not limited to, changes in the retail market place, changes in underwriting results affected by economic conditions and other factors described from time to time in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10KSB for the year ended December 31, 2002. All forward-looking statements made in this press release are based on information presently available to management of the Company. The Company assumes no obligation to update any forward-looking statements.

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