MusicMatrix.com Entering the $30 Billion Online Advertising Marketplace

MusicMatrix.com Entering the $30 Billion Online Advertising Marketplace

NEW YORK, Sept. 8, 2011 /PRNewswire/ -- Pegasus Tel, Inc., (PTEL:BB) specializing in the sales and marketing of social media, video technology and on-line streaming video platforms, announces a new revenue source for its premiere interactive site, MusicMatrix.com. "Online advertising packages are now open for business at MusicMatrix.com," announces Pegasus Tel CEO Anthony DiBiase. "The opportunity for online advertisers to reach our captive user base within their target demographic will further expand the success of our site."

By the end of 2011 nearly 24% of all media consumption will be online, drawing 15% of the advertising dollars, according to a Yankee Group Research report. Factors driving the continued growth include increases in online audiences, the development of new types of advertising, and the creation of new publisher business models that help sell interactive advertising. "Clearly the online advertising train has left the station and MusicMatrix.com is jumping on board," adds DiBiase.

MusicMatrix.com provides the ultimate destination for artists, directors, producers, video editors and music fans worldwide to upload, direct, edit and showcase music videos. A soon to be released upgraded site will promote free membership options and simplify the sign-up process. Free members will now have access to the site's user-friendly editor and ability to use the social network to engage fans and music artists.

MusicMatrix.com also allows artists to engage with their fans. New features will cultivate this exclusive interaction. The site will also focus on discovering rising stars in the music industry with membership levels and opportunities specifically for aspiring artists. MusicMatrix users will enjoy improved site navigation and sharing capabilities including the ability to scroll through the latest music videos on the homepage and download videos with embed codes. In addition, the site design lends itself to improved access for mobile devices.

Pegasus Tel will announce the re-launch date in the coming weeks. For the evolving sneak preview, please visit www.MusicMatrix.com.

ABOUT MUSICMATRIX.COM

MusicMatrix.com is the premiere on-line destination for artists, directors, producers, video editors and music fans worldwide to upload, direct, edit and showcase unique video content with groundbreaking, user-friendly, video editing technology. MusicMatrix also serves as a rapidly expanding social network where members can share custom videos, engage in the promotion of their favorite artists, and win amazing prizes. The website recently gained global attention with the in-house production and release of Backstreet Boys Howie D's debut single "100" from his first solo album Back to Me. MusicMatrix.com is prominently featured in the opening credits of the video shown during the NKOTBSB Tour in US and Canada and on iTunes.

For more information, please visit:
www.MusicMatrix.com.
Twitter: @YourMusicMatrix
Facebook: www.Facebook.com/YourMusicMatrix
Youtube: www.youtube.com/YourMusicMatrix

ABOUT PEGASUS TEL, INC. (PTEL:BB)

Pegasus Tel, Inc. is a global leader in web based technology solutions and corporate headquarters of MusicMatrix.com. The primary goal of the Company's projects is focusing on constant innovation in emerging technology areas. We believe that our corporate partners will get only the best when they work with us. PTEL web based projects engage users with the core features of everyday life through innovative video streaming, web-based and mobile applications. We market and refine products from emerging technologies like mobile and social media, which enable our users to stay in 'constant connection' with their users through relevant and unique online marketing initiatives. Our solutions allow customers, employees, constituents, and shareholders to engage, communicate, connect and grow with others that share similar interests. Whether you are using a smartphone, a computer, or a tablet, PTEL's technology and platforms provide you with the optimal experience that you are looking for in an online platform. For more information on Pegasus Tel, please visit www.ptelcorp.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Pegasus Tel, Inc. undertakes no obligation to update such statements.

INVESTOR RELATIONS CONTACT:

Pegasus Tel, Inc.
info@ptelcorp.com

SOURCE Pegasus Tel, Inc.

Pegasus Tel, Inc.

Web Site: http://www.MusicMatrix.com

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