SOURCE: Music Intelligence Solutions

December 05, 2007 00:00 ET

Music Intelligence Solutions, Inc. Announces $7 Million Funding Round

Funds to Accelerate Expansion of Web 2.0 Platform for Music Discovery and Mobile Music Applications for Consumers

SAN FRANCISCO, CA--(Marketwire - December 5, 2007) - Music Intelligence Solutions, Inc., a global leader in the field of digital music and media discovery, today announced that it has completed a $7 Million funding round. This financing round is led by angel investors with ties to global private equity and hedge fund management.

"We are fortunate to have the backing and support of an experienced group of angel investors who also manage professional hedge funds in excess of $6 billion," said David Meredith, CEO of Music Intelligence Solutions, Inc. "We will leverage this new funding to support the global rollout of our unique and patented mobile music discovery solutions and the launch of our next generation web 2.0 personalization and community networking capabilities."

Music Intelligence Solutions' expansion has been highlighted by the continued success of its bundled music discovery solution -- Music Intelligence Universe™, and market potential prediction solution -- Hit Song Science™, which is currently deployed at Orange Wireless as part of the 'Enjoy your Music' and 'New Talents' programs in Spain. The project with Orange Wireless enhances the mobile music experience for consumers by leveraging the unique ability of the patented software to predict the market potential of new music for artists while also enabling music discovery in a targeted manner across multiple genres and languages for wireless users.

"The new funding coupled with Music Intelligence Solutions' innovative and patented technology will enable us to provide the best digital music discovery solution for all of the participants in the digital media ecosystem -- record labels, consumers, online portals, advertisers, artists, and wireless carriers," added Meredith.

About Music Intelligence Solutions

Music Intelligence Solutions, Inc. uses patent-approved technology to transform the consumer experience globally with rich digital media across multiple platforms through the use of proprietary discovery, automated programming, commercial market prediction, and community networking capabilities. Music Intelligence Solutions offers consumers, social networks, mobile subscribers, artists and leading media companies a powerful new way to create, experience, share, and discover music and visual media. Music Intelligence Solutions "intelligent systems" are a natural evolution of over 15 years of research and development experience in innovative inventions and algorithm breakthroughs in markets such as Internet and telecommunications networks of its sister company AIA in Barcelona.

Music Intelligence Solutions' global headquarters reside in San Francisco, CA and the European headquarters reside in Barcelona, Spain. For more information about Music Intelligence Solutions, visit the company website at www.uplaya.com.