LOS ANGELES, July 18, 2012 /PRNewswire/ -- 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.
Star Entertainment Group
info@StarEntertainGroup.com
(570) 213-4204
SOURCE Star Entertainment Group Inc.
