Settlement of Dispute with Content Industries
SHERMAN OAKS, Calif., July 27, 2006
"We are pleased that settlement has taken place. The settlement clears the way for us to get back to the business of providing cutting edge technology for the management and protection of online content.
We are more committed than ever to assisting in global anti-piracy efforts which we see as an important objective. We made a few decisions that led to a conflict, but we are glad that dispute is now behind us and that we can focus on the task ahead.
We look forward to building our relationships with Labels, Studios and content owners to enable them to improve their digital content sales."
Information about our new technologies will be available soon at www.globalfileregistry.com
Information about Forward Looking Statements
Statements in this news release that relate to projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Actual results may differ materially due to a variety of factors, including those factors set forth in Brilliant's most recently filed Form 10-KSB and Form 10-QSB reports which are available from Brilliant Digital Entertainment's Investor Relations department and may be obtained by writing to Anthony Neumann at email@example.com
Altnet provides content owners a secure platform to sell their files and rewards consumers with easy access to legal content. Through its TopSearch preferred search listings, Altnet reaches an estimated 70 million users and is the #1 issuer of rights managed content in the world. Altnet technology inter-operates with affiliate websites and peer-to-peer applications to allow Internet users to simply and easily locate, download, sample, and purchase digital content. Software, game, music and film companies distribute with Altnet to generate new revenue streams while curbing piracy. Altnet is a subsidiary of Brilliant Digital Entertainment. Find out more at www.altnet.com