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SaigonMP3.com is the centerpiece for the exploding MP3 music movement and works with thousands of artists and hundreds of independent labels to promote and sell their music. Visitors to MP3.com have access to a library of several thousand CD quality songs. MP3.com is pioneering a revolutionary approach to the promotion and distribution of music. The Company's web site has grown into a premier online music destination. The Company uses the Internet and file formats that make music files smaller to enable a growing number of artists to distribute and promote their music to a broad audience and to let consumers conveniently access this expanding music catalogue. The Company's web site contains more than 698,000 songs and audio files from over 109,000 artists, representing what the Company believes to be one of the largest collections of digital music available on the Internet. Consumers can search, preview and download music free of charge.