SOURCE: Musicrypt

November 29, 2005 07:00 ET

Musicrypt Retains Cohen Independent Research Group

Leading Independent Research Firm in the US to Cover Musicrypt

TORONTO -- (MARKET WIRE) -- November 29, 2005 -- Musicrypt Inc., (TSX-V: MCT) (OTC: MCYPF), the industry's leading digital music distribution company, today announced that it has retained Cohen Independent Research Group (CIRG), Wall Street's number one independent research firm, to provide analyst research coverage and prepare a series of four research reports on Musicrypt and it's Digital Media Distribution System (DMDS) over the next year.

The purpose of the reports is to provide the investment community throughout North America with research coverage on Musicrypt Inc. Once completed, the reports can be viewed on CIRG's website at: www.cohenresearch.com.

"We chose Musicrypt as one of the select group of companies we provide research on because of the compelling nature of its business opportunity," said Paul Cohen, President of Cohen Independent Research Group. "The innovative and sector leading characteristics of Musicrypt fit well with our coverage of emerging companies."

Musicrypt's Digital Media Distribution System (DMDS) has delivered over 2,400 songs to over 1.4 million destinations, clearly making it the dominant secure digital delivery system in North America. Musicrypt is partnered in the U.S. with industry leader, Billboard Radio Monitor (VNU/AEX) and endorsed by Clear Channel Radio (NYSE: CCU) and XM Satellite Radio (NASDAQ: XMSR).

"Cohen Independent Research Group will provide investors with a thorough, current and independent source of information on Musicrypt's business and market opportunities," said John Heaven, President and CEO of Musicrypt. "The quality of research coverage provided by CIRG is highly regarded throughout the financial sector in the United States and Canada."

Musicrypt compensated CIRG with a payment of $17,100 and the issuance of 95,000 common shares valued at $0.18 per share. The TSX Venture Exchange approved the issuance of these shares, which are subject to the exchange's required four-month hold period expiring on March 24, 2006.

About Cohen Independent Research Group:

Cohen Independent Research Group is Wall Street's number one independent research firm. CIRG provides and distributes Wall Street research-analyst coverage for a select group of companies with outstanding business models. CIRG is considered to be the gold standard of small cap Wall Street research in the United States.

About Musicrypt:

Musicrypt's patented Digital Media Distribution System (DMDS) is the leading secure B2B digital delivery solution for the music industry. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. The first application of DMDS replaces the physical distribution of new musical recordings by record companies from the studio, internally, and to radio stations with more secure, more effective and less costly digital distribution of broadcast quality media via the Internet. Musicrypt trades on the TSX Venture Exchange (TSX-V) under the symbol MCT and in the U.S. under (OTC: MCYPF). For more information on Musicrypt, please visit www.musicrypt.com

The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • PR Contact for Musicrypt:
    Sarah Miller
    Axis Marketing & PR
    Tel: (323) 653 7800
    Email Contact

    Investor Relations Contact for Musicrypt:
    Ken Maciora
    Empire Relations Group
    Tel: (516) 750 9719
    Email Contact