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Popular Holdings to Invest in Vivamusic
Mainboard Listed Company's Investment Allows Music Lifestyle Network Access to Large Resources
Singapore, 02 March, 2001 -Vivamusic.com announced today that Popular Holdings has invested Singapore $500, 000 in the leading music lifestyle network. The investment will also benefit Vivamusic.com more than just in monetary terms, as it will also have access to Popular's extensive resources and retail networks in Asia.
“This is obviously good news for us in more ways than one,” said Mark Lai, CEO of Vivamusic.com. “Not only do we leverage Popular's resources, the fact that a listed company has chosen to invest in us in what is a downturn for the industry says a lot about our business model and Vivamusic.com in general.”
Vivamusic.com had made waves in September last year by becoming the first “click and mortar” music lifestyle dotcom in the region. With a 4400 square foot store selling unique products like custom CDs and MP3 players and offering services like wireless surfing and showcasing music celebrities in its in-store studio, Vivamusic.com is perfectly positioned to lead the changes happening in the music industry.
About Vivamusic.com
Vivamusic.com is the premier online music lifestyle network in Asia. Working with major
recording labels, Vivamusic.com offers access to digital downloadable songs of all genres
and various languages. In addition, users can also watch music videos of international,
regional and local artistes. Vivamusic.com also has its own professional in-house production
team that produces exclusive content for the website.
Vivamusic.com has launched a series of 'firsts' in the music industry. Besides introducing one of the world's first Internet Jockeys, it also established Asia's first music lifestyle store, Vivamusic Hub. The Hub features the latest digital music devices, the “box” - a studio where music is web cast 'live' and interviews are conducted, as well as sales of music compact discs. Vivamusic Hub has also brought in Southeast Asia's first 'CD maker' - a machine for creating custom CDs.
Vivamusic.com is a founding member of the Broadband Media Association, which brings together technology, service, content and media providers to build a business network, and to forge alliances and partnerships in the broadband media industry in Singapore and Asia.
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