RadioTower.com Inc. -- Summary of Recent Events
Added: (Fri Dec 03 1999)
Pressbox (Press Release) -
RED BANK, N.J.--Dec. 3, 1999--(Pink Sheets:RTOW)
RadioTower.com Inc. (NQB Pink Sheets:RTOW), an online guide to Internet radio, has filed its form 10SB on Nov. 10/1999 which is available for public viewing in the SEC Edgar database at: http://www.sec.gov/Archives/edgar/data/1098578/0001005150-99-00 0986-index.html
Upon approval from the SEC, this allows RadioTower.com Inc. to become a fully reporting issuer on the OTC-BB. "This transparency will help assure the marketplace of our legitimacy" states Alan Brown, President. "With our work behind the scenes to put in place the financial, management and development structure we are now in a position to propel our growth."
In this regard, RadioTower.com announces that the development of version 4.0 of the site is well under way. "The goals of the new site are to make it easier to use, faster loading, and more graphically appealing" according to Paul Valkama, Founder and Director. "We have acquired extensive experience in helping visitors find Internet radio in the last three years -- Now we have the resources to create what we believe will be the best directory in the category."
RadioTower has put in place the development team to achieve this. Sebastian Reinarz, the Art Director, has over 12 years experience in software design. His credits include Art Direction at Hasbro Interactive and being one of the original members of the Electronic Arts team. Babak Maghfourian, the Technical Director, has over 20 years of experience in the multimedia and IT sectors. He has been involved in the creation and management of several Hi Tech firms including Avalanche Multimedia Inc. and eLine Technologies Inc., which recently launched
Gizmomall.com'', a retail site dedicated to innovative lifestyle technology.
RadioTower.com Inc. (http://www.radiotower.com) is a free online directory of radio stations that webcast on the Internet. It makes it easy to tune in and listen to over 1,250 radio stations from more than 80 countries in dozens of genres (top 40, news, alternative, rock, sports etc.) from its web site. RadioTower has built a steady user base due to positive word-of-mouth, high listings on all major search engines, links from 1,000's of other sites, strategic affiliations, favourable reviews (L.A Times, HotWired, Vancouver Sun etc.) and numerous awards (Yahoo Picks, Windows Magazine Site of the Day etc.) Revenue is derived from the sale of onsite advertising, affiliated e-commerce products such as CD's, DVD's video's, books, and business-to-business audio services.
ON BEHALF OF THE BOARD OF DIRECTORS Alan Brown President
Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission.