Loudeye Named One of Washington State's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program
October 05 2005 - 8:05AM
PR Newswire (US)
SEATTLE, Oct. 5 /PRNewswire-FirstCall/ -- Loudeye Corp.
(NASDAQ:LOUD), a worldwide leader in business-to-business digital
media solutions, has been named to Deloitte's prestigious
Technology Fast 50 Program for Washington State, a ranking of the
50 fastest growing technology companies in the area by Deloitte
& Touche LLP, one of the nation's leading professional services
organizations. Rankings are based on the percentage revenue growth
over five years from 2000-2004. "For years, we've invested in
building next generation digital music products and services aimed
at helping our customers around the world play a role in this
industry," said Mike Brochu, Loudeye's president and chief
executive officer. "Being recognized as one of Deloitte's fastest
growing technology companies in our area demonstrates the
importance of these solutions, and the possibilities they present
to companies looking to enter the digital and mobile music
marketplaces." "Deloitte's Washington State Technology Fast 50
companies have shown the strength, vision and temerity to succeed
in today's very competitive technology environment," said Larry
Hile, a partner in Deloitte's Seattle office. "We applaud the
successes of Loudeye and acknowledge it as one of the very few to
accomplish such a fast growth rate during the past five years." To
qualify for the Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2000 and $1,000,000 in
2004, be headquartered in North America, and be a "technology
company," defined as a company that owns proprietary technology
that contributes to a significant portion of the company's
operating revenues; or devotes a significant proportion of revenues
to the research and development of technology. Using other
companies' technology in a unique way does not qualify. Winners of
the 15 regional Technology Fast 50 programs in the United States
and Canada are automatically entered in Deloitte's Technology Fast
500 program, which ranks North America's top 500 fastest growing
technology companies. For more information on Deloitte's Technology
Fast 50 or Fast 500 programs, visit http://www.fast500.com/. About
Loudeye Corp. Loudeye is a worldwide leader in business-to-business
digital media solutions and the outsourcing provider of choice for
companies looking to maximize the return on their digital media
investment. Loudeye combines innovative products and services with
the world's largest music archive and the industry's leading
digital media infrastructure enabling partners to rapidly and cost
effectively launch complete, customized digital media stores and
services. For more information, visit http://www.loudeye.com/.
About Deloitte Deloitte refers to one or more of Deloitte Touche
Tohmatsu, a Swiss Verein, its member firms and their respective
subsidiaries and affiliates. As a Swiss Verein (association),
neither Deloitte Touche Tohmatsu nor any of its member firms has
any liability for each other's acts or omissions. Each of the
member firms is a separate and independent legal entity operating
under the names "Deloitte", "Deloitte & Touche", "Deloitte
Touche Tohmatsu" or other related names. Services are provided by
the member firms or their subsidiaries or affiliates and not by the
Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is
the US member firm of Deloitte Touche Tohmatsu. In the US, services
are provided by the subsidiaries of Deloitte & Touche USA LLP
(Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
Financial Advisory Services LLP, Deloitte Tax LLP and their
subsidiaries), and not by Deloitte & Touche USA LLP. Forward
Looking Statements This release contains forward-looking
information within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on current estimates
and actual results may differ materially due to risks, including
the possibility of adverse changes in the market for distribution
of digital audio and video that Loudeye serves; lack of market
acceptance for Loudeye's products and services; adverse or
uncertain legal developments with respect to copyrights surrounding
the creation and distribution of digital content; pricing pressures
and other activities by competitors; the failure of Loudeye's
hosting infrastructure; the complexity of Loudeye's services and
delivery networks; any problems or failures in the structure,
complexities or redundancies of Loudeye's network infrastructure;
failures in third party telecommunication and network providers to
provide required transmission capacity; the possible delay in the
adoption of digital media or related applications on the web in
general; and other risks set forth in Loudeye's most recent Form
10-Q, Form 10-K and other SEC filings which are available through
EDGAR at http://www.sec.gov/. These are among the primary risks we
foresee at the present time. Loudeye assumes no obligation to
update the forward-looking statements. DATASOURCE: Loudeye Corp.
CONTACT: media/press, (U.S.), Karen DeMarco of mPRm Public
Relations, +1-323-933-3399, or , for Loudeye; or investor
relations, Michael Dougherty of Loudeye, +1-206-832-4000, or Web
site: http://www.fast500.com/ Web site: http://www.loudeye.com/
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