MusicNet Announces Partnership With iMesh

Leading Digital Music Service Provider Teams with Established P2P Music

Service to Create Fully Authorized File Sharing Experience

NEW YORK, Jan. 23 /PRNewswire/ -- MusicNet, the world's leading
business-to-business digital music service provider, today announced
that it has entered into a partnership with iMesh, the first
established peer-to-peer service offering consumers a legitimate
resource to access the largest selection of digital music in the
world.

As a principle performance feature, the new iMesh service offers a
deep selection of easily accessible content of all genres to be
discovered, shared and enjoyed within an active community. MusicNet is
enabling these features and provides support for iMesh's music store.
In addition, iMesh will benefit from the largest available music
library in the industry today, which includes licensed content from
all the major record labels and more than 40,000 independent labels.

"Sharing music through digital communities is wildly popular and iMesh
has taken the lead in creating a legal music service that embraces
this experience," said Alan McGlade, CEO of MusicNet. "We are excited
about working with iMesh as they redefine the role digital music can
play in the P2P world."

"P2P continues to excite digital music consumers and iMesh delivers
the most in-depth digital music experience available today to an
active P2P community," said Igor Magazinik, Chief Technology Officer,
iMesh. "Through the iMesh service, users are able to experience
breadth and depth of content, music discovery, community and sharing
features in a fully legal environment."

iMesh is the first and only globally active P2P to launch an
authorized service that incorporates many of the coveted consumer
benefits common to the P2P file sharing experience while assuring
compensation to registered rightsholders. In addition to the licensed
tracks from MusicNet and record label partners, the P2P community has
access to over 15 million tracks at any given time culled from the
Gnutella and iMesh networks.

About MusicNet

MusicNet is the world's leading business-to-business digital music
service provider. The top U.S. and global consumer brands private
label MusicNet's comprehensive suite of digital music services.
MusicNet enables its partners to offer their customers a fully
customized experience, including the ability to buy music downloads
and subscriptions, choose from the industry's largest catalog of
licensed music, explore engaging editorial programming and enjoy an
easy-to-use interface. Headquartered in New York, MusicNet is
wholly-owned by Baker Capital, a New York-based private equity firm
with $1.5 billion under management. For more information, please visit
http://www.musicnet.com.

About iMesh

Founded in 1999 and headquartered in New York, iMesh is one of the
original peer-to-peer (P2P) services and the first to transition to a
commercial model that guarantees payment to rightsholders. The new
iMesh will offer consumers a dynamic P2P music experience with a broad
range of tracks available for download from major labels and
independents, and will also offer music without claim of artist rights
culled from the Gnutella network. iMesh users will be able to access
authorized content through a la carte downloads or a monthly
subscription plan. "Unclaimed" and promotional content will be
available at no cost to iMesh users. SOURCE MusicNet