SOURCE: MetroLyrics

July 02, 2008 09:00 ET

MetroLyrics Tops the Charts

First Existing Lyrics Site to Adopt Gracenote's Industry Authorized Solution Becomes Leading Lyrics Site in the World

BURNABY, BC--(Marketwire - July 2, 2008) - MetroLeap Media today announced its flagship site, MetroLyrics (www.metrolyrics.com), has become the most trafficked lyrics site in the world. With more than 22 million unique users per month up from 14 million in December 2007, the site has gone from the number three spot to number one in just six months and is now also among the fastest growing sites on the Internet in many countries, including the U.S., Canada, the U.K., and Australia.

In April, MetroLyrics announced an agreement with Gracenote® to adopt Gracenote's lyrics service, making MetroLyrics the first and only existing lyrics site to provide its users with the largest database of licensed, complete and accurate song lyrics in the world. Through the agreement, MetroLyrics replaced lyrics submitted by the community with Gracenote's authorized lyrics to ensure users that artists, songwriters and music publishers are being properly compensated for the use of their copyrighted work. MetroLyrics users are still able to submit lyrics to the site, but they are now put through an accelerated clearance process.

"We are very pleased to be the most popular lyrics site in terms of unique visitors," said Milun Tesovic, co-founder and CTO, MetroLeap Media. "We've had very smooth growth over the past year and have processes in place for more expansion as we continue to deliver value to our end-users and our growing number of brand advertisers. We are also the only lyrics-dedicated site that not only offers a large database of complete and accurate song lyrics from major and top independent publishers, but institutes a rights payment system that accurately compensates artists. This is something of which we are extremely proud and to which we attribute a lot of our recent growth and success."

MetroLyrics also has a daily traffic rank among the top 500 sites according to the global Alexa rating, and now boasts the number nine Internet property in the Entertainment-Music Category based on total U.S. unique visitors [comScore Media Metrix, All Locations, May 2008]. The site ranking remains close behind powerhouses in the music industry, which is an impressive accomplishment for a company co-founded by a high school student and which still only has four employees.

"We firmly believe that when a company does the right thing, then the people will come. In our case, that means offering a quality product and paying royalties to those in the music industry who deserve it," said Tesovic.

About MetroLeap Media Inc.

MetroLeap Media Inc. is leading provider of entertainment content within the music and video game Internet market. Its flagship site www.metrolyrics.com is the most trafficked lyrics site worldwide reaching more than 22 million monthly unique visitors. MetroLeap's distribution widgets are gaining great acceptance in blogs and social networks like MySpace, Friendster, Nexopia, and Facebook. Metroleap Media Inc. is headquartered in Burnaby, British Columbia. For more information about MetroLeap, please refer to www.metroleap.com.