TEL AVIV, Israel, August 6 /PRNewswire/ --

- Entertainment Industry Veteran Reavis Daniel Moore Appointed Chairman

- Company Teams up With Digital Music Pioneer Ted Cohen and Tag Strategic

YouLicense.com, the online music licensing marketplace, today announced
it has secured Series A funding from Ofer Media, Israel's leading private
equity and investment firm for media, entertainment and Internet companies,
and Logia Group LTD, a global provider of innovative mobile content
solutions. Terms of the deal were not disclosed. The funding will be used to
grow the company's global marketing efforts and content acquisitions.

With operations in Tel Aviv, London and New York, YouLicense.com has
developed the only truly open and non-exclusive online music licensing
marketplace. Artists, record labels and music aggregators can now easily
offer music for commercial license through YouLicense.com. The platform
directly connects buyers and sellers of music rights with a simple toolkit
for quick and easy transaction processing.

"Digital music is in a rapid state of development and transformation. As
more artists feel empowered by technology, they have expanding opportunities
to sell their content. For music licensees, including advertisers and
entertainment producers, there is an increasing inventory of tracks becoming
available. We see a tremendous opportunity for YouLicense.com to open up a
global marketplace for music licensing," said Avi Zvi, CEO, Ofer Media.

"We created YouLicense.com as a way for independent artists to easily and
securely license their music," said Maor Ezer, CEO of YouLicense.com. "The
Web is opening up incredible opportunities for artists to reach a global
audience without the need for a hefty recording deal. This platform promotes
the legal use of indie artist music for television, film, games, commercials
and user generated videos. We expect the worldwide scope of this to be
massive."

Reavis Daniel Moore joins as chairman

Additionally, YouLicense.com has named Reavis Daniel Moore as chairman of
its Board of Directors and equity partner via his firm Serve Music. Moore has
28 years experience as a music business entrepreneur and advisor based in
Austin, Los Angeles and New York. He is a co-founding board member and
partner in the Earthdance company and non-profit organization. Earthdance,
founded in 1997, is an annual international music and dance festival for
peace, held simultaneously in over 300 locations, in 60 countries, with an
estimated attendance of 200,000. In his role as chairman, Moore has lead
responsibility for The Company's international business development efforts.

New alliances

YouLicense.com has forged a consulting relationship with TAG Strategic
(http://www.tagstrategic.com/), a global digital media and entertainment
advisory firm with offices in Los Angeles, Seattle and London. The Company is
engaging TAG's strategic expertise, market intelligence and senior management
industry relationships to establish and expand their business into the
digital media marketplace.

"YouLicense's media buyers and sellers marketplace is a market changing
innovation," said Ted Cohen, current managing partner of TAG Strategic and
former SVP, EMI Digital Development & Distribution.

YouLicense.com is currently available and actively trading in beta form
at http://www.youlicense.com but plans to officially launch this fall.

About YouLicense, Inc.

YouLicense.com is a global online music licensing marketplace where
independent music artists and companies offering music can connect directly
with music buyers seeking music for film, TV, ads, games and Web
entertainment. Through the Web-based system, music sellers and buyers
interact, negotiate, contract and transact directly, in a highly automated
and secure system. YouLicense.com is headquartered in Tel Aviv, with
operations in London and New York.

Media Contacts:

Jocelyn Johnson, Gravitas Communications, +1-212-924-9500,
jjohnson@gravitas-pr.com

Brian Posnanski, Gravitas Communications, +1-314-968-7712,
bposnanski@gravitas-pr.com