Scottsdale 6/26/2013 3:00:00 AM
News / Financial Services

StreamTrack (STTK) and One World Media Group Enter Agreement with Monaco Media International to Expand Streaming Services

QualityStocks would like to highlight StreamTrack, Inc. (OTCBB: STTK), a digital media and technology services company, providing audio and video streaming and advertising services through its RadioLoyalty™ Platform to a global group of internet and terrestrial radio stations, internet radio guides, and other broadcast content providers. The company's platform powers a web-based and mobile player that manages streaming audio and video content, social media engagement, and ad serving.

In the company’s news,

StreamTrack and One World Media Group announced they have entered into an agreement with Monaco Media International (MMI) to expand their global base of streaming services.

Under the agreement, MMI will secure broadcasting and content relationships on behalf of StreamTrack, using RadioLoyalty’s UniversalPlayer™ as the exclusive technology platform for streaming and monetization. StreamTrack will manage all aspects of advertising sales and fulfillment.

Michael Hill, SteamTrack Inc’s CEO, remarked, “We have set out an aggressive international expansion strategy and this is another huge step for us in accomplishing these goals. [MMI has] a unique agency approach with an unmatched diversity of talents that allows them to uncover new ideas on behalf of their clients. We are proud to have been selected as one of these new ideas. Monaco Media’s remarkable track record and their market positioning is second to none and we look forward to working closely with them and their clients.”

MMI is known for its array of services, including event planning, production, and marketing. Its client list includes customers in many European territories and other key markets around the globe, including world-renowned brands such as Nikki Beach, with whom MMI’s CEO has been a partner and driving force since its inception.

This new partnership will expand StreamTrack’s existing presence in the marketplace by leveraging MMI’s customer base and vast relationships in the entertainment industry.

MMI’s Principal and Administrator, Eric Omore, added, “Our decision to work with StreamTrack and One World Media came quite naturally. We are equally excited about the opportunity to provide our existing clients access to StreamTrack’s RadioLoyalty Player™. The initial feedback we have received results in superior monetization and dramatically simplified operations for our partners.”

Mohamed Moretta, Senior Partner of One World Media Group, said, “Eric and I have been associates for over 20 years and based on what has been going on with each of our organizations, this seemed like the perfect time to work together. The RadioLoyalty™ platform is the first of its kind to eliminate most of the costs inherent in streaming while simultaneously increasing the aggregate monthly revenue derived by broadcasters. The benefit of this relationship is that it allows us to move much more quickly into other territories while helping each other to provide a very unique service offering to artists and broadcasters alike.”

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