LOS ANGELES, July 18, 2012 -- Star Entertainment Group Inc. (OTC: SETY) wholly owned subsidiary Tranzistor Systems announced today an open call for content from independent and unsigned artists, bands and their labels to aggregate content for its Tranzistor Radio network.
The Company is now strategically positioned in the Digital Music industry which, according to respected research firm Ovum, is expected to exceed $20 billion in annual revenue by 2015, with 30% of that belonging to the independent label and artist segment of the market. Tranzistor Systems uses internet radio to create a unique marketing experience that encapsulates their clients branding and selling propositions and then delivers them on a platform of programmed content tailored to genre and demographic mix.
"Our unique platform and pay for content creates an ecosystem for artists, bands and indie labels. Tranzistor Radio combines programmed radio, ecommerce and branding opportunities on mobile and web based platforms to offer the most exposure of any digital broadcast and distribution company on the market," said Josh Eikov, President of Tranzistor Systems and CEO of Star Entertainment Group.
Tranzistor Systems asks any artist, band or label to submit their music through content@tranzistorradio.com. If you are to be chosen for air play you will be notified by the Company.
Tranzistor Systems anticipates the completion of its capital raises and the subsequent launch of its music on the Tranzistor Radio network and its sister application Virtual Radio during the summer. Tranzistor Systems announced its slate of first to broadcast channels and stations today and is looking to deploy this music network on top of their new Tranzistor Radio and already established Virtual Radio product in Europe and Asia. Virtual Radio already has a download base of 5,000,000 applications and recently released its iPhone application. According to eMarketer Daily and Bridge Ratings growth is predicted to reach 200 million monthly listeners by 2020, up from the current levels of around 150 million monthly listeners and Tranzistor Radio is dedicated to creating product to share in that market evolution and the forward progress of mobile listening.
The Company will continue to provide periodic updates on the progress of its initiatives and potential acquisitions.
About Star Entertainment Group
Star Entertainment Group, Inc. is an independent investment, management, and holding company focusing on new media and digital content, delivery and monetization of multi-dimensional Online Customer Communities through the integrated use of online; interactive, real-time Internet television broadcasting; Internet radio networks; participatory mobile applications; proprietary search capabilities and intuitive advertising platforms. The Company will operate as a central hub, utilizing our strengths in M&A, capital and resource management and will proactively minimize risk by teaming with experienced technologies operators, leveraging their experience and knowledge.
About Tranzistor Systems Inc.
Tranzistor Systems, a wholly owned subsidiary of Star Entertainment Group, is a consumer technologies company developed to address the independent music, social media and entertainment markets and is a home for artists, bands, fans and indie labels to cross-pollinate and create multiple revenue streams. With our internet radio and discovery platforms Tranzistor will be the first interactive company and brand to widen the demographic for fans, indie labels and independent artists. Tranzistor will focus on developing and monetizing their content.
Forward Looking Statements - Safe-Harbor Statement
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 Star's business and copies of Star's press releases and additional information about Tranzistor Systems, please refer to http://www.StarEntertainGroup.com.
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STAR ENTERTAINMENT GROUP
INFO@STARENTERTAINGROUP.COM
(570) 213-4204
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SOURCE Star Entertainment Group Inc.
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Source: http://www.macreportmedia.com/ViewSubmission.aspx?submissionRequest=16039
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