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For Immediate Release
Nettwerk Music, PassAlong Networks and Digonex Technologies to Pilot Music Industry's First Variable–Pricing Model for MP3 Music Downloads PassAlong Stores to Offer MP3 Downloads from $0.29 to $1.39 Franklin, Tenn. — Feb. 28, 2007 — PassAlong Networks™, developer of digital media services and innovations, today announced an agreement with Nettwerk Music and Digonex® Technologies, Inc. to pilot the music industry's first variable–pricing model for MP3 downloads. Using patented Digonex pricing technology, PassAlong will test variable pricing for Nettwerk Music's MP3 catalog in the 44 stores it powers through its StoreBlocks™ platform. Prices for individual tracks will range from $0.29 to $1.39. Nettwerk Music, who manages artists such as Sarah McLachlan, Avril Lavigne, Barenaked Ladies, Jars of Clay, Leigh Nash, Guster and dozens more, will make available most of its MP3 catalog for the tiered-pricing pilot."We are in the business of building brand and making content readily available to the fans of our artists," said Terry McBride, CEO of Nettwerk Music. "We owe it to our artists and their fans to continue to explore new models. We look forward to breaking new ground with PassAlong Networks and Digonex on this pilot test." Music labels and online retailers have resisted calls for variable pricing despite suggestions that fixed prices stimulate illegal downloads. "With so much debate raging over fixed pricing, we're excited to be first–to–market with a variable pricing model," said Dave Jaworski, co–founder and CEO of PassAlong Networks. "The goal is to maximize revenue by pricing digital content in a way that motivates consumers." The multi–tiered pricing feature for Nettwerk's MP3 catalog will be offered in PassAlong's digital media services engine, StoreBlocks, which currently powers more than 44 music download stores, including eBay®'s and Procter & Gamble's. Nettwerk's MP3 songs will be offered in prices ranging from $0.29 to $1.39. The song price will then be adjusted up or down according to the Digonex consumer demand driven pricing engine, which systematically changes pricing based on Internet economics and consumer behavioral principles. The pricing pilot is to begin this spring and extend through early fall. Results will be reviewed periodically and adjustments made to the pilot accordingly. "Our technology is designed for properly pricing digital content," said Jan Eglen, CEO of Digonex Technologies, Inc. "We're glad to combine with partners that can provide a high–caliber content catalog and a world–class digital distribution network to make this type of pilot a success."
About Digonex Technologies, Inc.
About Nettwerk Music Group
About PassAlong Networks OnTour, StoreBlocks, freedomMP3, PassAlong, Connected Consumer, Passing–and–Points and Speakerheart are trademarks of PassAlong Networks. Digonex and Nabit are trademarks of Digonex Technologies, Inc. eBay is a registered trademark of eBay, Inc. ### PR Contacts: |