Cormark, Formerly Sprott Securities, Sets Target Price of $1.00
TORONTO, April 12 /CNW/ - Musicrypt Inc. (TSX-V: MCT, OTC: MCYPF), the
leader in secure digital media distribution, today announced that it has
received a Buy recommendation with a target price of $1.00 in a research
report issued by Cormark Securities Inc. (formerly known as Sprott Securities
Inc.). The purpose of the report is to initiate research coverage on Musicrypt
for the institutional investment community.
"We are very pleased to receive this endorsement from a highly regarded
firm such as Cormark," said John Heaven, President and CEO of Musicrypt.
"Cormark's in-depth due diligence has given them a solid understanding of the
substantial business opportunity that Musicrypt has before it."
Musicrypt's mission is to be the global standard for secure B2B digital
media delivery. Musicrypt's patented Digital Media Distribution System (DMDS)
has delivered over 7,500 different songs from more than 150 record labels to
radio stations representing over 35 U.S. broadcast chains which include:
CBS/Infinity, Citadel, Clear Channel, Cox, Cumulus, Emmis, EntreVision,
Entercom, Federated Media, Sirius, Journal, DMX, Jones Radio, AOL, Music
Choice, Radio One, Salem Communications, Univision, Westwood One, Regent,
Premiere Radio, Next Media, XM Satellite Radio, Waitt Media, as well as print
media, press outlets and many others. Musicrypt is partnered in the U.S. with
Billboard, R&R and Nielsen BDS; in the UK, Europe and Australia with Adstream
Ltd; and is marketed to the U.S. advertising industry by AWE (a division of
Omnicom) and The Gary Group. DMDS is the only digital delivery platform that
can deliver entertainment and advertising media throughout the U.S., Canada
and the UK.
About Musicrypt Inc.:
Musicrypt's patented Digital Media Distribution System (DMDS) is the
leading secure B2B digital media 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. DMDS replaces the physical distribution of musical recordings
and advertising to radio, media outlets, retailers and other authorized
recipients with more accountable, effective and less costly digital delivery
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
OTCBB:MCYPF. For more information on Musicrypt, please visit
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 has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Sarah Miller, Axis Marketing & PR, Tel: (323)