30-Oct-99

SpinRecords.com Launches SpinTV

SpinRecords.com is again a forerunner in the online music industry. With the launch of SpinTVô, SpinRecords.com is the first online music company to offer streaming of full-frame videos, interviews and live musical performances of its artists. The new-age technology is being made possible by Apple Computer Inc.'s (Nasdaq: AAPL) QuickTimeÆ format. Visitors can now see more of their favorite SpinRecords artists without delay and with near-television quality due to streaming at 56k. This is because QuickTime is the first Internet streaming solution to use nonproprietary industry-standard Real Time Protocol (RTP) and Real Time Streaming Protocol (RTSP). Artists will broaden their fan base by virtue of the worldwide exposure they will receive. This is yet another reason why the most sought-after unsigned bands are signing with SpinRecords. Additional attractions of the site are the 60 percent royalty rate - the highest known to be paid by any traditional or online record company - as well as the company's unparalleled marketing support for its bands. SpinRecords.com is the fastest-growing online music site, which already boasts almost 3 million hits per month. SpinRecords.com is dedicated to emerging artists and to finding, supporting and exposing the best undiscovered talent available. Wayne Irving, President and Chief Executive Officer of Solutions Media Inc., of which SpinRecords.com is a wholly owned subsidiary, is proud of the progress of the ""farm label"" he created. ""This is another way we can offer our bands and their fans the best available technology,"" Irving said. ""Music downloaded in the QuickTime format is near-CD quality - now it is time to achieve the same results with video online. We will continue to be cutting-edge and offer the best technology, music and services possible.""