Press Release 29th January 2014
SiteTalk Launches Digital Streaming with SiteTalk Music, Plans Push into US Market
London UK, Feb 1, 2014 — Global Digital Services PLC (CSE-ECM:STC), owner of SiteTalk.com, one of the world’s fastest growing Social Networking Platforms with more than 15,000,000 Members, is pleased to announce that it will officially launch “SiteTalk Music” on February 1, 2014.
SiteTalk Music is a music streaming service that will allow SiteTalk Members to stream any of approximately 20 million music titles directly from SiteTalk.com, for a flat monthly fee of €9.95 (or the equivalent in other countries).
“This is an incredible, modern music streaming service that will allow our Members to access a vast collection of titles, anytime, anywhere they happen to be using SiteTalk,” said Managing Director Frank Ricketts. “Whether your taste is Lady Gaga, Led Zeppelin or Lena Andersson, we’ll have it at SiteTalk Music. It’s a fantastic collection.”
Ricketts adds that the launch of SiteTalk Music is a pivotal moment in the evolution of the company. “The online streaming and downloading experience is the number one trend in the delivery of digital entertainment today. By allowing our Members to experience this not just as entertainment, but also as a business opportunity, we have once again tied together the social networking experience with the business experience, and we believe this is the future of the Social Networking Platform.”
Initially, SiteTalk Music will feature only music, with plans to launch large collections of DVDs, ebooks and audiobooks in the near future.
In the coming months, the Company will continue to aggressively launch other new SiteTalk services, including a new TradeFight game, in addition to a major US launch campaign before summer 2014.
These and other expansion efforts continue to play a positive role in the growing popularity of SiteTalk.com, and also appear to have had a positive impact on the share price of SiteTalk’s owner, Global Digital Services PLC. GDS’s market capitalization has increased 510% in the past six months to $93,025,000 (as of January 28, 2014). With SiteTalk Membership projected to increase tremendously over the coming 12 months, management is encouraged that its growth strategy will continue to be successful.
About Global Digital Services PLC
Global Digital Services PLC trades on the Cyprus Stock Exchange’s Emerging Companies Market under the symbol STC. SiteTalk Community Inc. became a wholly owned subsidiary of GDS pursuant to a transaction that closed on July 30, 2013. Presently, Global Digital Services PLC’s sole asset is SiteTalk Community Inc., a multi-functional and multi-lingual social networking platform that enables members to connect, communicate and create business opportunities.