MP3.com and eChargeTM Corporation Roll Out Secure Internet-Payment System
eChargeSM Net Account Offers MP3.com Consumers
New Internet Purchasing Solution
SAN DIEGO-September 21, 2000 - MP3.com, Inc. (Nasdaq: MPPP), the Internet's premier Music Service Provider (MSP), today announced the launch of a new payment system designed to provide consumers with a secure, convenient way to purchase CDs and MP3.com merchandise online. In conjunction with eCharge Corp., the global online payments company, MP3.com users can now purchase merchandise using an eCharge Net Account, which uses proprietary encryption technology and digital certificates designed to virtually eliminate online fraud.
The eCharge Net Account is a unique purchasing solution that offers consumers and merchants a combination of security and convenience not previously available in a single payment method. Designed to allow consumers to purchase D.A.M. (Digital Automatic Music) CDs from digital artists who post music on the MP3.com web site (www.mp3.com), as well as to purchase other MP3.com merchandise, the eCharge Net Account provides qualified consumers with a revolving line of credit for online shopping.
"Our partnership with eCharge is a perfect fit in terms of technology and security," said Steve Sheiner, executive vice president of sales and marketing at MP3.com. "The eCharge Net Account provides our consumers with an easy-to-use and secure option to purchase the music they want without filling out annoying online forms."
Consumers can sign up for an eCharge Net Account at www.echarge.com, gain approval within minutes and immediately use their account at MP3.com and other online retailers involved in the program. From the eCharge web site, consumers can get instant access to detailed account information, receive their monthly statement and even pay their monthly bill online.
"There is a marvelous synergy between eCharge Corp. and MP3.com," said Truett Tate, president and chief executive officer of eCharge Corp. "Just as MP3.com has changed the way people get their music, we plan to transform the way people make purchases by offering the most secure and convenient ways to make purchases online. MP3.com is a model partner for us, because their consumers have shown a high degree of comfort with the Internet and its capabilities."
Consumers who want to use their eCharge Net Accounts to make purchases on MP3.com can visit www.mp3.com/store for D.A.M. CDs and MP3.com merchandise.
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About MP3.com
MP3.com, Inc. has created what it believes is a unique and robust technology infrastructure for the storage, management, promotion and delivery of digital music. As the Internet's premier Music Service Provider (MSP), the company is dedicated to providing consumers with anytime, anywhere access to their music using any web-enabled device. The company's web site hosts what MP3.com believes is the largest collection of digital music available on the Internet, with more than 600,000 songs and audio files posted from over 94,000 digital artists and record labels. Dedicated to growing the digital music space, the company's products and services include on-demand Subscription Music Channels, an innovative Retail Music Program, a Syndicated Radio Division and others. Additionally, through the company's MSP initiative, MP3.com is partnering with a variety of forward-looking technology companies to expand its digital music strategy. MP3.com's common stock is traded on the Nasdaq National Market under the ticker symbol MPPP. The company is based in San Diego, California. For more information on MP3.com, visit www.mp3.com.
About eChargeTM Corporation
eChargeTM Corp. is a global payments company providing secure and convenient ways to make purchases online. The company's products, eChargeSM Phone and eChargeSM Net Account, virtually eliminate fraud and can increase revenue for strategic partners worldwide. eCharge Phone enables the purchase of digital goods and services to be charged to the consumer's phone bill. eCharge Net Account is an Internet purchasing solution offering consumers and merchants security and convenience not available in any other online payment method. Founded in 1997, and headquartered in Seattle, Wash., eCharge Corp. has offices in Vancouver, British Columbia; London and Tokyo. For more information, go to www.eCharge.com.
Statements in this press release that are not strictly historical are forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may include references to activities expected to occur in connection with MP3.com's agreement(s) and relationship with eCharge. These statements involve a high degree of risk and uncertainty, are only predictions, and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include risks related to: MP3.com's litigation proceedings, including without limitation the inability to reach settlement with all parties to such proceedings; risks associated with the implementation and execution of the terms of MP3.com's agreement(s) and relationship with eCharge; MP3.com's new and uncertain business model; acceptance of MP3.com's products and services; MP3.com's limited operating history; and MP3.com's rapid growth, as well as other risks detailed from time-to-time in MP3.com's reports to the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 1999 and its subsequent report(s) on Form 10-Q.
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