ECAST Shuts RioPort

ECAST Shuts RioPort

Last week Ecast Inc., which owns and operates a Location-Based Broadband Network™ combining a proprietary software platform, an extensive broadband network and digital media vending devices, announced it has closed its RioPort Online Music Store division to streamline efficiencies and focus the company's resources exclusively on its core business, the delivery of digital music from the major record labels and numerous independents and electronic games from interactive entertainment publishers to over 1,400 broadband-enabled Jukeboxes and gaming machines nationwide.

"Over the past year, Ecast's Location-Based Broadband Network business has expanded significantly and is clearly our stronger opportunity," said Ecast CEO Robbie Vann-Adibé. "The level of financial commitment required to market an online music store to consumers, as recent events have demonstrated, was simply too high to make financial sense for Ecast. We are focusing our entire resources exclusively behind our core business, which has demonstrated continued growth in revenue, customers and consumers," continued Vann-Adibé. Much as ATM networks enable banks to dispense cash and services, Ecast's Location-Based Broadband Network™ enables the company to deliver music, games and other digital entertainment media from record labels and video game publishers to consumers at bars, restaurants, hotels, coffee houses, nightclubs, and other location-based venues.