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PALO ALTO, Calif. March 25, 2008 -- mSpot, a mobile music services company, today
teamed
with NAVTEQ's Traffic.com to bring live traffic content
to mSpot
Radio. mSpot subscribers will receive a mobile optimized
version of
Traffic.com's live JamCast® audio traffic reports for
more than 30 U.S.
cities. mSpot is implementing an ad-based model offered
by Traffic.com and
will receive a share of advertising revenue in return for
distribution
across mobile operators carrying mSpot Radio.
"The structure of this deal is the right model for mSpot
going forward,
allowing us to keep improving content programming without
budgetary
constraint," said Daren Tsui, co-founder and CEO of mSpot.
"It marks
mSpot's initial move into ad supported content, which allows
us to provide
our listeners with more options, while also providing mSpot
an additional
revenue stream."
mSpot Radio has more than 200 channels of crystal-clear
music, news,
sports, finance, entertainment, talk, podcasts, and videos
from radio's
most recognized brands -- CBS Radio, Clear Channel, Fox
Sports,
MarketWatch, NPR, Radio Disney and now Traffic.com. mSpot
Radio also
includes more than 100 live radio stations from cities around
the U.S.
providing the best local content on mobile phones. mSpot's
music and radio
services offer a single, seamless experience where consumers
can discover
and learn about new artists and songs, listen to exclusive
music content,
access their music libraries from anywhere, and instantly
purchase and
download music, ringtones and screensavers.
"Our work with mSpot allows us to deliver JamCast traffic
information to
the mSpot radio platform increasing our reach to drivers
across the U.S,"
said Christopher Rothey, vice president of Connected Markets
at NAVTEQ,
Traffic.com's corporate parent. "Streaming traffic news
updates to mobile
phones helps us assist drivers manage their commutes anytime,
anywhere with
dynamic content while providing mobile advertisers with
valuable
inventory."
Content from Traffic.com, a leading source of traffic
solutions to
consumers and businesses, will provide mSpot Radio subscribers
with live
on-air traffic updates, every 10 minutes, for more than
30 cities, which
include Albany, Atlanta, Austin, Baltimore, Boston, Chicago,
Cincinnati,
Dallas/Ft. Worth, Denver, Detroit, Houston, Indianapolis,
Las Vegas, Los
Angeles, Miami, Milwaukee, Minneapolis/St. Paul, New York,
Orlando,
Philadelphia, Phoenix, Pittsburgh, Richmond, Sacramento,
Salt Lake City,
San Diego, San Francisco Bay Area, Seattle, St. Louis, Tampa
Bay and
Washington, D.C.
Information Source: Marketwire
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