Shattuck Labs, Inc. (NASDAQ:STTK)

SANTA BARBARA, CA--(Marketwired - Sep 5, 2013) - StreamTrack, Inc. (OTCQB: STTK) ("StreamTrack" or the "Company"), a digital media technology services company operating within the internet radio and streaming media sectors, today announced the Company has executed a settlement agreement with Lenco Mobile, Inc ("Lenco"), the former owner of the Company's proprietary Radioloyalty� music streaming and internet radio monetization platform. The following is a summary of the key attributes of the transaction.

1. StreamTrack's liability to Lenco for any earn-out consideration associated with the assets the Company purchased from Lenco in December 2011 is cancelled in full. StreamTrack will write off the current full value of the contingent royalty payable of approximately $820,000.

2. StreamTrack will waive its claim to collect on approximately $130,000 in accounts receivable owed from Lenco, of which an $80,000 reserve was previously recorded against.

3. StreamTrack will transfer to Lenco certain assets included in the December 2011 transaction that have remained dormant and not utilized by the Company since December 2011. The assets were previously recorded on StreamTrack's books with no value.

Michael Hill, Chief Executive Officer of StreamTrack, stated, "The settlement with Lenco removes a significant liability from our balance sheet that could have ultimately totaled $2,500,000. The assets we relinquished have little value to our core business but have particular value to Lenco. We are pleased to move forward with our business without the overhang of this large potential royalty liability."

SANTA BARBARA, CA--(Marketwired - Jun 25, 2013) - StreamTrack, Inc. (OTCQB: STTK) ("StreamTrack") today announced that its subsidiary, StreamTrack Media, Inc. ("StreamTrack Media"), has entered into a two-year licensing agreement with RadioReference, LLC ("RadioReference").

RadioReference is the world's largest radio communications data provider, featuring a complete frequency database, trunked radio system information, and FCC license data. RadioReference is also the largest broadcaster of public safety live audio communications feeds, hosting thousands of live audio broadcasts of Police, Fire, EMS, Railroad, and aircraft communications.

Under the terms of the Agreement, RadioReference will utilize the RadioLoyalty Platform� for radio broadcast monetization of over 3,000 licensed stations. It is anticipated that integration will be completed by July 15, 2013. This will bring the total count for the RadioLoyalty Platform� to approximately 5,000 stations.

StreamTrack's Chief Executive Officer, Michael Hill, stated: "At the time of this announcement, RadioReference has 3,494 stations that StreamTrack is working to integrate. Under the terms of the license, StreamTrack Media will record 100% of the advertising revenue generated through the RadioLoyalty Platform� for all 3,494 stations. RadioReference will be paid a flat monthly content fee by StreamTrack Media for supplying the content from the stations. RadioReference will supply unlimited listener caps and bandwidth to support the listening through the RadioLoyalty Platform�."

SANTA BARBARA, CA--(Marketwired - Apr 29, 2013) - StreamTrack, Inc. (OTCQB: STTK) announced today that it has entered into an alliance with PPTV, China Mobile Entertainment Holdings, LTD and One World Media Group as part of an historic alliance to bring Internet Radio to Asia including China.

Jingyu Qiu, General Manager of PPTV International, stated, "PPTV is the world's leading OTT TV platform that provides online content in a real-time social environment to over 300 million unique users in China and around the globe. This is an unprecedented opportunity for us to deliver music to China as well as all the markets we serve globally. We have had tremendous success with our TV channels and feel that One World Media's network of Radio Stations and StreamTrack's unique content monetization technology will be a great addition to our family." 

Under this alliance, China Mobile Entertainment facilitates securing content relationships on behalf of PPTV that will be launched from their portal, radio.pptv.com. One World Media Group will deliver the most popular International Top 40 programming format with crossover styles ranging from Latin, Caribbean, European, Asian and Middle Eastern. StreamTrack's UniversalPlayer� will be the technology platform used for streaming and monetization. StreamTrack will manage all aspects of advertising sales and fulfillment to PPTV's audience. It is anticipated that the initial launch will attract more than one million PPTV users, prior to rolling out the product across the entire user base of 300MM users.

Mohamed Moretta, Senior Partner of One World Media Group added, "Our organization is excited about our partnership with PPTV whose vision aligns with our desire to unite the world through music. By tapping into their audience of over 300 million users, and utilizing StreamTrack's UniversalPlayer� technology, we are creating tremendous value for the world's leading brands and advertisers. We can now provide a unique opportunity that does not exist in the current marketplace. We are looking forward to the unveiling of our radio stations."

Mitch Sandler, Chief Executive Officer of China Mobile Entertainment Holdings LTD, commented, "I have always recognized the opportunity to drive social engagement through audio streaming but now through our partnership with One World Media and StreamTrack, we have created a unique way to monetize that experience through the Universal language of music!"

StreamTrack's Chief Executive Officer Michael Hill added, "This is a significant opportunity for us to enter into this uncharted space provided by PPTV. This deal will expand the reach of our brand, bringing Internet radio into the rapidly growing Chinese digital marketplace. We plan on cultivating the growth and the success of this relationship by maximizing the potential of PPTV's audience coupled with our unique revenue producing model utilizing our technology.