FOR IMMEDIATE RELEASE
Contact: Ellen King
P: 202-464-8703
RIPTOPIA, INC. ACQUIRES RIPDIGITAL
The Two companies that Invented the CD Ripping Industry have Joined Forces to Create a National Market
(WASHINGTON, DC, AUGUST 3, 2006) — As the CD ripping industry’s premiere service Riptopia publicly announces the acquisition of its strongest competitor RipDigital. With an emphasis on the retail face of CD ripping, RipDigital will expand Riptopia’s retail store presence to 208 locations in 28 States across the Nation by positioning Riptopia’s CD ripping service in Tweeter, Escape (Powered by Best Buy), B&H, J&R and Tekserve retail stores. RipDigital’s most valuable asset, CEO and founder Richard Adams, will now serve as Riptopia’s Vice President of Business Development.
“As a fellow pioneer, RipDigital helped us to define the CD ripping business,” said Dr. Kurt Beyer, President of Riptopia. “We are thrilled to have Richard Adams on our team. The time he has spent over the past three years inventing a new industry will go a long way in helping Riptopia continue to build and expand its National CD ripping service offerings for both our commercial and retail customers.”
Combining forces allows both RipDigital and Riptopia to fulfill a core mission of creating a national CD conversion service for all audio video companies, audio video dealers, audio video installers record labels, online digital music retailers, consumer electronic retailers, and consumer electronic manufacturers.
“We are thrilled to combine forces with Riptopia. Kurt is a born leader and has built a great team,” said former RipDigital President Richard Adams. “”I look forward to combining RipDigital’s sales channels with Riptopia’s industrial-strength processing facilities to deliver commercial and retail customers the premier service of helping people transition to the digital age.”
By applying RipDigital’s best practices, Riptopia is even closer to helping the world seamlessly transition their CD collections to digital format for use on iPods, MP3 players, media centers and digital music servers. RipDigital clients and customers will receive the same fast commercial-grade service that Riptopia provides its customers and will have access to the standard in digital metadata and CD recognition technology with the cleanest album art and metadata database of over 62 million titles.
ABOUT RIPTOPIA, INC.
Founded by a talented team of information technology professionals, Riptopia, Inc. is a National digital processing and CD ripping service with digital music processing centers in Washington, D.C. and San Francisco, CA. Riptopia, Inc.’s industrial strength ripping servers create organized digital music libraries in a variety of standards including MP3, WMA and WMA lossless and FLAC. Riptopia, Inc.’s partnership with Gracenote and Muze provides the standard in digital metadata and CD recognition technology with the cleanest metadata DB of over 62 million titles. Riptopia, Inc. provides uploading service onto a variety of digital music equipment including media centers, music servers and iPods. For more information on Riptopia, Inc., visit www.riptopia.com or call 800-874-4921.
