Karaoke Social Networking Site Redkaraoke.com Launches in the U.S.

SAN FRANCISCO, CA--(Marketwire - June 24, 2008) - Red Karaoke, the premier European karaoke website, today launched its English language version in the United States, at www.redkaraoke.com. Red Karaoke is a free social network for music lovers, offering more than 14,000 songs for karaoke enthusiasts, and tools that enable users to interact with the site as well as with other members. Numerous features allow users to record their own video and audio files, personalize each song, and share these newly-created karaoke files, building a potentially unlimited song catalogue.

Originally launched as a Spanish language site in April 2007, Red Karaoke currently has more than 400,000 users worldwide. With the launch of the English language version, the music-based social network intends to continue growing its audience globally.

RedKaraoke.com offers users a variety of tools, such as the innovative "plug & sing" technology. To get started users only have to plug a microphone into their computer, and within seconds they can create their own recording. If their computer is equipped with a video camera, they can also create their own video recording. Users can submit their recordings to compete against others for top spots in the Red Karaoke Rankings, or simply share them with friends and family. RedKaraoke.com also offers an exclusive "Tone Control Tool" which lets users adapt the music to their voice, allowing them to sing every song, no matter how challenging.

Red Karaoke has rights agreements with copyright management companies and leading music publishers worldwide, and the company is affiliated with ASCAP and BMI. Red Karaoke's recording technology is patent pending.

According to Miguel A. Díez Ferreira, CEO of Red Karaoke, "With our arrival in the U.S. and the launch of our English language karaoke site, we are building on the original idea, which was to find a new and fun way for Web users to socialize through singing with friends, no matter where they are. It proves that our small, Spanish-born company has been able to continue to grow. With Red Karaoke, our users become the real stars of what they enjoy most: music."

The Power of Social Networking

Red Karaoke's growth lies in a very simple concept: in this specialized social network, users are the central players. The social network of song lovers on Red Karaoke has reached over 650,000 monthly visits and it boasts a database of more than 14,000 songs -- built entirely on the contributions made by the network's members. Thanks to its exclusive technology, which is based on the MIDI files used by professionals, users can sing the songs of their favorite artists, or even share their own pieces. In short, this social network allows users the opportunity to see and be seen, while also being part of a unique, interactive experience in the music world.

Following on their successes in Spain and Europe, and after the North American launch, the company also has plans to expand into other markets, including Asia. The online service, which is completely free-of-charge, generates revenue with the sale of advertising space along with strategic sponsorships and special activities.

About Red Karaoke

Red Karaoke, the only online karaoke in Spanish and a European leader in terms of audience volume, is a registered trademark of Spanish company Planeta Red S.L., a company offering online karaoke music services to users. The company is headquartered in Madrid, with offices in Lardero (La Rioja) in Spain, and Baltimore and San Francisco in the U.S. The venture capital fund RONDA TIC, FCR, managed by Clave Mayor, has an interest in Red Karaoke, helping to fund the international expansion of this music-based social network.

Contact Information: Media Contact: Patty Oien Breakaway Communications Tel.: 415-358-2482 E-mail: