Source: Yahoo Finance 6/10/2006

BurnLounge Launches Update

BurnLounge Launches BurnLounge 1.0 - Creating a Powerful Digital Marketplace

NEW YORK, June 9 /PRNewswire/ -- BurnLounge, the world's first community-powered digital music service, announced today the launch of BurnLounge 1.0, a unique service that provides music fans with proprietary software and an expansive catalog of music, to create and sell music to peers from their own digital music stores. Additionally, the company has entered into an agreement with Signatures Network, enabling fans to sell merchandise from their favorite artists. Since launching the public beta in October 2005, nearly 30,000 music fans have opened their own BurnLounge stores, including artists such as Kanye West, Kiss, Good Charlotte, Hootie and the Blowfish, James Brown, Willie Nelson, Dale Earnhardt Jr., Tony Stewart, Cuttino Mobley, Danica Patrick and John Salley.

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