SOURCE: VoxPop Worldwide, Inc

VoxPop Worldwide, Inc

March 10, 2011 13:37 ET

VoxPop Worldwide Announces the Closing of Its Acquisition of R&R Music Limited

Leading Independent Digital Music Company Makes Keystone Acquisition

LOS ANGELES, CA--(Marketwire - March 10, 2011) - VoxPop Worldwide Inc. (PINKSHEETS: VOXI) announced today that it closed its transaction with R&R Music Limited (R&R) for undisclosed terms. R&R consists of R&R World (http://www.randrworld.com), a digital music platform that services the emerging and independent segment of the music industry, R&R Music, a state of the art music label, and R&R Creative, a software development, graphic design and online marketing company. In test mode, with its artist tools and various fan exposure platforms, R&R World has attracted tens of thousands of users from over 150 countries across the globe. The imminent full launch will set it firmly on its way to be the destination site of choice, for artists, fans and the professionals that work in the music industry.

International research firm Ovum forecasts that global revenues from digital music services will grow at a compound annual rate of more than 60 percent from 2011 to 2015 as consumers recognize the benefits of being able to access millions of streamed songs for the price of a CD every month rather than owning individual downloads.

"R&R World is the keystone in the overall plan and we are happy to have closed this deal so that we can begin the awesome programs we are building to get the music into the hands of the fans," said Phil Quartararo, Co-Chairman of VOXI.

Eric Nicoli, Chairman of R&R and former Chairman and CEO of EMI Group, will join VoxPop Worldwide, Inc. as Co-Chairman and David Ritchie, the CEO and Founder of R&R, will take the role of Chief Innovation and Strategy Officer. Both Nicoli and Ritchie became Board Directors of VoxPop Worldwide, Inc. in connection with the closing of the transaction.

David Ritchie, new CISO of VoxPop, said "This is an important milestone for R&R and VoxPop and, in turn, for the legions of artists and fans across the world. We have attracted some of the best people from the worlds of music, media and technology and have created a meshed platform that addresses most of the issues that artists and professionals now face. We have made it easier for everyone who loves music or operates within the music industry to discover, learn, network and earn and we will continue to innovate and improve. Eric and I are very excited at the prospects that lie ahead for VoxPop in combination with R&R."

VoxPop will build and develop internet media properties including internet radio, television and social media platforms surrounding independent artists' space. The management includes veterans of the music, advertising, finance and internet worlds including Phil Quartararo, founding team member of Virgin Records America and past President of Warner Brothers Records as Chairman; Jim O'Mahony, former Global CEO (ex USA) of Saatchi & Saatchi as Chief Marketing Officer, Josh Eikov from the investment banking, internet and mobile worlds as CEO, Eric Nicoli former Chairman and CEO of EMI Group as Co-Chairnan, and David Ritchie, Founder and CEO of R&R Music Limited, as Chief Innovation and Strategy Officer. More information on the new management team is available on www.voxpopworldwide.com.

As always investors are cautioned to be careful of their investments and to always seek the advice of a financial professional.

About VoxPop Worldwide, Inc.

VoxPop Worldwide, Inc. is an Internet and mobile media holding company that has and is seeking to acquire additional full and/or controlling interests in subsidiary companies and associated Internet and mobile properties concentrated on internet broadcasting and on producing and developing content. The spirit of entrepreneurship provides the engine that drives economic growth and innovation, both in good times and bad. VoxPop aims to provide support and service to these innovators through its broad and comprehensive network of Internet media and platforms.

Forward Looking Statements

Statements made in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are necessarily estimates reflecting the best judgment of senior management and express the Company's opinions about trends and factors which may impact future operating results. Such statements rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve risks and uncertainties that could cause actual results to differ materially from opinions and expectations. Any such forward-looking statements should be considered in context with the various disclosures made by the Company about its businesses. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. For further information regarding risks, uncertainties, and other factors associated with VoxPop's business and copies of VoxPop's press releases and additional information about VoxPop, please refer to www.voxpopworldwide.com.

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