Digidesign and Rocket Network Announce Plans for a Strategic Alliance

February 7, 2000 -- Digidesign and Rocket Network announce plans for a technology and strategic partnership that provides Digidesign with a significant equity stake in Rocket Network and a seat on the Rocket Board of Directors. The companies intend to work together to develop technologies and services that enable Pro Tools users to collaborate using Digi internet studios.

"Digi believes that the Internet will greatly expand collaboration between audio pros in completely new and exciting ways," said Dave Froker, President of Digidesign. "Our strategic investment in Rocket ensures that our customers will have access to the world’s best tools and technology for high quality collaboration with other Pro Tools users — anywhere, anytime."

Rocket Network, Inc. is the first and only company to provide Internet Recording Studios where audio professionals can meet online to collaborate and produce original audio from anywhere in the world. The company’s revolutionary technology provides a cost-effective and convenient complement to traditional studios by reducing production expenses and increasing creative alternatives for professional-quality audio in TV, film, radio, music and web sites.

Digidesign’s Internet studios will be based on an enhanced version of Rocket Network’s technology, and enable Pro Tools users to enjoy the industry’s richest collaboration experience.

"We're delighted to be able to work with Digidesign to offer their large community of high-profile audio professionals world-class internet tools and technology," said Pam Miller, President and CEO of Rocket Network. "Together, Rocket and Digidesign are committed to delivering the ultimate web-based collaboration experience, today and in the future."

The terms of this strategic alliance are subject to the signing of definitive documents.

Rocket Network CEO Pam Miller sits on the board of Harmony Central's parent company, HarmonyCentral.com. Rocket and Harmony Central also have both received funding from Vulcan Northwest, Inc.

For more information, visit Digidesign at www.digidesign.com.