LOS ANGELES and LOS GATOS, Calif., March 21, 2011 /PRNewswire/ -- Peer Media
Technologies, Inc., (OTC Market: ARTD), and Bay TSP.com, Inc., both
leading digital media technology companies, announced today they
had signed a non-binding letter of intent conditional on various
pre-conditions to merge by May 31,
2011. The announcement was made by Dimitri Villard, CEO of Peer Media Technologies,
and Stuart Rosove, CEO of Bay TSP.
The resulting company will be the largest in its field and the only
one in the world to offer a full spectrum of anti-piracy and
business intelligence services, and will be renamed to reflect the
new company's strength and strategic vision.
Both companies are leading providers of business and marketing
intelligence services for digital media measurement, encompassing a
large network of intelligent monitoring agents and proprietary
databases that track, verify, measure and report on un-monetized
digital media consumption activity. In addition, they also provide
the world's largest entertainment and media companies with the most
effective means available to globally detect, track, and deter the
unauthorized distribution of their digital content.
"The combination of Peer Media Technologies with Bay TSP creates
a true powerhouse in the field of intellectual property
protection," said Dimitri Villard,
Chief Executive Officer of Peer Media. "Not only will the merger
create the largest corporation in the world in the field of
anti-piracy and business intelligence from monitoring un-monetized
content consumption, it will result in a global service offering
that others simply can't match."
The combined services portfolio will provide clients with
powerful, end-to-end solutions designed to meet specific content
protection, intelligence and distribution needs. With a global
infrastructure spanning the most prolific P2P networks, content
hosting websites known as cyberlockers, live streaming sites and
user-generated content (UGC) sites, both Peer Media and Bay TSP are
dedicated to helping content owners not only understand, but also
leverage today's largest pool of online consumers.
The companies' peer-to-peer (P2P) and web scanning takedown,
countermeasures and notice services deliver unparalleled copyright
enforcement capabilities that significantly reduce the ability of
pirates to access copyrighted material.
Stuart Rosove, Chief Executive
Officer of Bay TSP commented, "This merger will enable us to
dramatically expand our respective companies' effectiveness by
providing customers with the widest range of options to meet the
constantly evolving challenges in copyright protection and
enforcement. We look forward to providing future milestones
as the merger begins to take advantage of our strong synergistic
digital services."
About Peer Media Technologies, Inc.
Originally incorporated as ARTISTdirect, Inc. in 1999, the
company changed its name to Peer Media Technologies in 2010 after
it acquired Media Defender in 2005 and Media Sentry in 2009 and
sold its legacy music website business ARTISTdirect.com in 2010.
The company is the leading provider of intellectual property
protection and business intelligence services to major motion
picture studios, record labels, television networks, gaming
companies and software publishers. For more information, please
visit: www.peermediatech.com.
About Bay TSP.com, Inc.
Bay TSP has been a leading provider of content protection and
tracking services since its founding in 1999. The company offers
the industry's leading commercial search and discovery services for
tracking and analyzing the impact of digital media online.
For over 10 years Bay TSP has provided services to the
world's largest media and entertainment companies, including motion
picture studios, broadcasters, pay-per-view producers, video game
developers, sports leagues, as well as print and software
publishers. For more information, please visit: www.baytsp.com.
Forward-Looking Statements
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based largely on current
expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond the Company's control
that could cause actual events and results to differ materially
from these statements. These risks include, without limitation,
that there can be no assurance that any strategic opportunities
will be available to the Company and that any strategic
opportunities may only be available on terms not acceptable to the
company. These statements are not guarantees of future performance,
and readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Peer Media Technologies and Bay TSP undertake no
obligation to update publicly any forward-looking statements.
Company Contacts:
Peer Media Technologies, Inc.
Dimitri Villard, CEO
310-956-3309
info@peermediatech.com
Bay TSP.com, Inc.
Stuart Rosove, CEO
877-922-9877
info@baytsp.com
Financial Communications Contact:
Trilogy Capital Partners
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
SOURCE Peer Media Technologies, Inc.