PRESS RELEASE FOR IMMEDIATE RELEASE DATELINE: OAKVILLE, ONTARIO, CANADA. November 22, 2012-11-22 TITLE: HISTORIC ON-LINE MUSIC ICON CLOSES DOORS SUMMARY: On-Line indie music retailer Diskery.com is going out of business after nearly 15 years. _____________________________________________________________________________________ At close of business EDT December 12, 2012 Diskery.com, the iconic and omni-present music retailer will close its doors forever, just shy of its 15th anniversary. Started in December of 1997 Diskery.com was one of the first pioneering retailers to sell music on-line. Back then it was state of the art with a modern dynamic database, music samples, photographs, accepted every credit card going and delivered the goods lightening fast. After several modifications and upgrades it continued on through the years expanding its distribution and catalog, reaching its height as the crown jewels of parent company Emperor Multimedia Corporation in 2006. Since then it has been a struggle says company president and founder Derek McDonald, "Diskery was one of the first to sell music on-line but this business is a fickle one and since then it has been a struggle. As of late we have had the perfect storm with CD sales on a free fall decline, music piracy continues uncontrolled, world economies in recession, and the ever present relentless drive of new technology makes this a difficult trade. In order to continue we would need to invest a massive amount of capitol and time to re-write our computer code, upgrade the servers, obtain new warehousing, you name it! Selling MP3's is out as Apple cornered that market, vinyl has not recovered to its former levels, cassettes are all but gone and CDs are on the way out. Invest all of that effort to sell what? With this knowledge we were forced to conclude that perhaps we should get out while we still can." Diskery is one of a handful of music e-tailers who never charged artists a fee to join their system, and furthermore there has never been a big named commercial artist in the database; it was a system for indies by indies and with its closure so goes one of the last independent on-line retainers in Canada and one of a declining stock in the world. With the closure of Diskery it leaves Emperor Multimedia with only one other investment in music as all other divisions were sold off or closed. Diskery.com for its part will be re-purposed for use by the soon to be renamed RRCA (to now be called 'DISKERY MUSIC ARCHIVES'), and Emperor Multimedia will progress to new projects. All sales transacted by close of business December 12, 2012 will be honored. All artists who have work on sale at Diskery are asked to contact: mcdonaldd02@gmail.com or by postal letter to the corporate HQ by December 31 to arrange collection of their unsold wares. Final payment for sales will occur beginning of January. To prevent fraud: ID or copies of your Diskery Sales Agreement may need to be presented.