1Spatial Holdings Regulatory News (SPA)

26 Jul 2007 07:00

Z Group PLC26 July 2007 Z GROUP plc (the "Company") New Product Launch Z GROUP plc announces the release of its latest new product,www.ShrinkMyTunes.com, a breakthrough in MP3 compression London, UK - 26 July 2007 - Z GROUP plc, the AIM listed developer and providerof leading consumer Internet technologies, announces the launch ofShrinkMyTunes, a unique compression software that has the capability toquadruple the storage capacity of iPods, MP3 players and mobile phones. ShrinkMyTunes' compression of MP3 audio files is achieved through proprietaryencoding and heuristic optimization algorithms developed by former NASAscientists. This software has been licensed exclusively by Z GROUP forworldwide distribution. The compressed audio files are compliant with theindustry standard MP3 format and remain in MP3 format after the compression hastaken place. The software works seamlessly with iTunes and any MP3 player andtakes under a minute to compress each track. Jamie True, Joint CEO of Z GROUP, said: "ShrinkMyTunes addresses important and specific needs for anyone with a musiccollection and will be particularly popular with owners of iPod minis andshuffles, as well as new iPhone customers. There are currently over 11 millionpeople in the UK alone that own an MP3 player and this sector is continuing toexperience high growth. We are very proud to be the first and only company tobring such an innovative, useful and affordable software product to consumersworldwide. ShrinkMyTunes builds on Z GROUP's success of deliveringaward-winning compression software that started with our ONSPEED product." ShrinkMyTunes will be available for £19.99 from www.shrinkmytunes.com and HMVflagship stores throughout September and October. This will be followed by alaunch in retail stores nationwide. 26th July 2007For further information: Z GROUP plc +44 207 952 4039Meghan Cady, Chief Operating Officer meghan@zgroupplc.com Teather & Greenwood Limited (NOMAD) +44 207 426 9000Tom Hulme Nexus Financial Ltd +44 207 451 7068Nicholas Nelson About Z GROUP: Founded in 2002, Z GROUP is a successful, publicly listed London-basedtechnology company which acquires, licences and develops technologies andprofitably commercialises them through proven branded marketing techniques,offering cutting edge, easy to use and affordable software. Z GROUP has five software business lines: • ShrinkMyTunes: unique MP3 compression software, allows 4x more music on iPods, MP3 players and mobile phones • OnShare: proprietary and revolutionary file sharing software enabling highly secure communication between small or large groups of users • ONSPEED Mobile: unique mobile phone acceleration software, which speeds up and optimises slow Internet connections and helps users control associated costs • ONSPEED: the fastest Internet acceleration software on the market, which instantly enables any PC, Mac and Pocket PC user to browse and email at near Broadband speeds by using a 9 patented compression technology • Net2Roam: service that allows individuals and SMEs to obtain local Dial-up access numbers worldwide at rates below normal international rates For more information on the Group, visit www.zgroupplc.com This information is provided by RNS The company news service from the London Stock Exchange