SpiralFrog(TM) Signs Licensing Deal With IRIS Distribution

SpiralFrog ( http://www.spiralfrog.com ), the free and legal ad-supported music experience, today announced it signed an agreement with IRIS Distribution, a leading independent music digital distribution and marketing company.

Tens of thousands of tracks from IRIS’ independent record labels will be available on SpiralFrog. Top IRIS artists include Amon Tobin, the legendary hard-core punk band Bad Brains, Kid Koala, Deerhunter, emerging indie rock artists The National and Blitzen Trapper, Academy Award-winning composer Quincy Jones, Percy Sledge, the Grammy-winning Oak Ridge Boys, Rosemary Clooney and Waylon Jennings.

“The IRIS catalogue will add a unique mix of legendary artists and up and coming bands to our growing roster of music,” said Jennifer Link, vice president of licensing for SpiralFrog. “We are aggressively seeking quality content providers like IRIS to help enhance the music discovery process for our users.”

SpiralFrog provides an alternative to illicit file-sharing with a comprehensive music experience that allows music fans to discover songs, albums, music videos, music news, artist bios, reviews, discographies and album art, among other rich content features. SpiralFrog also lets users create playlists and use a Facebook application that allows them to track the most popular downloads on the site.

“Finding digital distribution options for our artists is of great importance to us,” said Bryn Boughton, CMO of IRIS Distribution. “The ad-supported model, like SpiralFrog, provides a platform that is safe, user friendly and ensures all artists, labels and publishers are compensated for their work.”

How SpiralFrog Works

SpiralFrog offers music enthusiasts unlimited downloading of free and legal music compositions and music videos. SpiralFrog enables anyone to access and download files from a library of more than 1 million songs and 4,000 music videos, with new content added weekly. To access the free content, users must only fill out a simple and quick registration form. As part of the SpiralFrog experience, users see relevant, targeted advertising that does not interfere with their enjoyment of music.

Songs and videos downloaded on SpiralFrog will play on Windows PCs running XP and Vista. Members can download to their PCs and synchronize their music with portable music players or music-enabled phones that support Windows Media digital rights management.

About SpiralFrog(TM)

Headquartered in New York, SpiralFrog(TM) ( http://www.spiralfrog.com ) is a Web-based advertising-supported music experience that combines music discovery tools with free and legal downloads of audio and video content licensed directly from the catalogs of the world’s leading music owners. SpiralFrog offers music-lovers a compelling alternative to illicit file-sharing and pirate sites, with a secure environment for them to satisfy their unyielding passion and thirst for music and entertainment information at no cost.

About IRIS

IRIS currently distributes a select group of top independent record labels including Big Dada, Burning Spear, Chemikal Underground, Duck Down Records, Gemini Sun, Ghostly International, K Records, Kranky, Le Tigre, Lou Reed, Megaforce, NinjaTune, Palmetto Records, Projekt and SCION to over 350 digital outlets, including Amazon MP3, Apple’s iTunes Store, Beatport, eMusic, Kompakt MP3, Last.FM, Napster 2.0, Real/ Rhapsody and We7; mobile channels such as AT&T, Boost, Cingular, GroupieTunes, Jamster, mSpot, MobileStreams, Sprint, Telus and T-Mobile; as well as video outlets including Apple’s iTunes Store, Gotuit Media, and Ruckus Networks. IRIS is based in San Francisco, CA and New York, NY.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of SpiralFrog’s products and website, competitive factors, timing, and other risks described in the Company’s SEC reports and filings.