NS8 Corporation
OTC Bulletin Board : NSEO

NS8 Corporation

November 07, 2006 08:30 ET

NS8 Corporation: iWave Becomes Music Network Platform to the Largest Music Download Service in Southeast Asia

LOS ANGELES, CALIFORNIA--(CCNMatthews - Nov. 7, 2006) - NS8 Corporation's ("NS8") (OTCBB:NSEO) entertainment network division, iWave Interactive Systems ("iWave"), has completed its installation, testing and enhancements to the Trueworld.net Music Management Service ("Trueworld.net"), a division of True Digital Entertainment Company ("True"). As previously announced on July 18, 2006 consumers will be able to securely download True's vast library of Asian and North American major label artists to any PC or popular MP3 mobile device. Trueworld.net contains the largest library of Asian and North American music titles in Southeast Asia.

The Trueworld.net Music Management Service, built by iWave, will enable consumers to purchase and download music to a PC. What makes this music manager unique is its ability to allow subscribers to transfer MP3 songs to a several different types of portable music players while maintaining a secure transfer environment, unlike other music services, such as iTunes, which typically support only certain transfer devices.

Carl Segal, Executive Vice President of NS8, the parent company of iWave, said "This is a significant milestone reached by NS8 on behalf of Truewold.net. We are eager to see the results of launching this superior service which will position Trueworld.net as a premiere content provider within their own country and other parts of Southeast Asia. We are looking to further enhance this service early next year by supporting it with shared consumer services that will protect content rights and provide greater traction to other popular areas such as video sharing and advertisement auditing."

iWave will participate in a per-transaction revenue share of music titles including subscription services. Currently, without the enhanced Trueworld.net Music Management Service in place, the current service is already generating thousands of downloads per day. The official launch date of the Music Management Service will be announced by Trueworld.net later this quarter.

According to a recent 'Hot Telecom' report, Thailand's broadband base grew 353.3% in 2004, and as of the end of Q1 2005, Thailand's Internet user base was 10.9 million. The digital music business spread internationally in 2005, with Asia showing strong growth. Global sales reached US$1.1 billion in 2005, from US$380 million the previous year, and Mobile music now accounts for approximately 40% of record company's digital revenues, according to the International Federation of the Phonographic Industry (IFPI).

About NS8 Corporation

NS8 Corporation (www.ns8corp.net) is a Digital Interactive Media Distribution Company that specializes in the development of server-based technologies in the areas of content licensing, digital media publishing and royalty distribution management, including interactive consumer viewing systems for Internet on-demand applications for PC, IPTV and other portable media devices.

iWave Interactive Systems (www.iwave.tv) is a division of NS8 Corporation that specializes in providing turn-key Broadcast Management Services of digital content over internet enabled networks. iWave combines NS8's proprietary server based technologies for use by content owners, media distributors, and telecommunication companies to provide a powerful solution for processing, publishing, reporting and distributing content to consumers over a PC, IPTV or portable wireless environment.

Safe Harbor Statement

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release.

Trademarks

Consumer Program and Shopping Guide, CPG, Library Distribution Management System, LDMS, NS8, Secure Digital Content Distribution, Security Protocol Integration, SPI, and iWave Interactive Systems, iWaveMedia, AdWave are either registered trademarks or trademarks of NS8 Corporation or its subsidiaries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.


Contact Information

  • Rubenstein Investor Relations, Inc.
    Investor & Public Relations
    Tim Clemensen
    Senior Vice President
    (212) 843-9337
    Email: tclemensen@rubensteinir.com