Cherry Lane Music Publishing and Trans Media Exchange Announce Distribution Partnership

Business Wire, April 17, 2003

Business Editors

NEW YORK--(BUSINESS WIRE)--April 17, 2003

Trans Media Exchange, Inc. (TMX), the innovation leader in online media content and information management technology, announces a partnership agreement to distribute Cherry Lane's extensive and well-reputed music content through TMX's global network of extranet sites.

"We are very pleased to feature Cherry Lane's legendary content in our flagship Content Licensing and Management product Contenta," said Donald Leka, President and CEO of TMX. "We are convinced that Cherry Lane's content will add even more value to our media intensive enterprise customers, who are looking to license the best music for their advertising campaigns, films, television documentaries, and countless other applications."

"Cherry Lane aggressively seeks opportunities to further its music in the new media world. Trans Media Exchange, which has positioned itself as a leader in the B2B digital delivery of music content, is a perfect platform to help us achieve this goal," said Richard Stumpf, Vice President of Marketing & Licensing. "We are looking forward to a very successful relationship."

Cherry Lane, with its extensive catalogue of copyrights and library of masters spanning virtually all genres of music, is known for its expertise in copyright exploitation and administration. The Cherry Lane catalogue includes such great standard songs as "Just the Two of Us," "Take Me Home Country Roads," "Come Fly With Me," "Day-O" and "All Shook Up," as well as more recent Billboard chart-toppers including "A Little Less Conversation," and the DreamWorks' singles "The Middle," and "Hanging By A Moment." Cherry Lane is also the music publisher of the World Wrestling Entertainment, whose series of albums have consistently ranked near the top of the Billboard charts.

Cherry Lane's administration and co-publishing relationships with film and television production companies include DreamWorks SKG, Mel Gibson's Icon Productions, Edward R. Pressman Film Corporation, John Carpenter Productions, Roger Corman's Concorde-New Horizons Films, John Malkovich's Mr. Mudd, 4Kids Productions, AFMA, Tu Casa Entertainment, NFL Films, Professional Bull Riders Inc., The Konigsberg-Smith Company, Avnet Kerner, Hearst Entertainment, Regent Entertainment and Leonard Hill Films. Film and television credits include the DreamWorks films The Road To Perdition, Shrek and American Beauty; 4Kids Productions Pokemon, Yu-Gi-Oh!, Ultraman, Ultimate Muscle, Kirby and Fighting Foodons series, World Wrestling Entertainment's SmackDown!, as well as dozens of made for television movies, and documentary programs aired on A&E, History Channel and Discovery Channel.

TMX's Contenta is a secure customizable extranet application that seamlessly interfaces with corporate intranets and is accessed through any standard Internet browser. Contenta's proprietary technology streamlines and dramatically improves on current methods of sourcing media content. Key features include powerful project management and file sharing tools, universally compatible browser based audio and video previews with virtually no buffering delays, online audio-video synchronization and an advanced media search engine. Contenta's media content catalog provides access to tens of thousands of music tracks, sound effects, audio loops, images, and stock video.

TMX develops online solutions that provide universal access to media assets and information and create compatibility between businesses to preview and share media. TMX's technology delivers significant time and cost savings for clients over traditional methods of sourcing, managing, previewing and sharing audio, video, images and documents. By working closely with media intensive companies, TMX solutions have been built with client design specs ensuring market relevance and the delivery of benefits to the client. TMX licenses its browser based media applications to Fortune 1000 corporations, advertising, broadcast and cable, film, publishing and other media intensive industries.