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Olive Announces World's First All-in-One Home Music Player

Highest-end Manufacturer Opens Market to Trendsetting Consumers with First All-in-One High Definition Music Player, Just $399

SAN FRANCISCO, CA – December 12, 2012 – Revered by audiophiles and music lovers the world over, Olive Media Inc.®, today introduced the Olive ONE, the first all-in-one high definition (HD) music player – a visually stunning touchscreen device that helps people better store, organize, access and enjoy their music at home. Offering Olive ONE for $399, the company brings the high-end music server market to the music loving masses. Olive has also put the device, currently in development, up on popular crowdfunding site Indiegogo and expects to ship the player in summer 2013.

"Olive ONE brings order and refinement to the music side of life," said Dr. Oliver Bergmann, co-founder and CEO of Olive, "Those who care about quality, style and most of all music, will want to have this first-ever all-in-one HD music player."

EYE-CANDY THAT'S SWEET, SMART & SOUNDS GREAT

In a world of plenty – streaming services (such as Spotify, Pandora and YouTube), downloadable music files often living in iTunes, CD collections, and Internet radio stations – people struggle to keep track of, and ultimately enjoy, their music. With sound quality reigning supreme, Olive ONE unifies and brings joy to the home listening experience, like never before.

The all-in-one HD music player sets itself apart by bringing the highest quality audio possible to digital music, introducing an artful circular design, and by topping the device design off with a brilliant glass touchscreen interface. The player instantly meets every mood with perfect music, not technological defeat or

distortion.

Unlike other home music players, Olive ONE features a beautiful touchscreen, eliminating the need to fumble for the remote control, unlock screens or boot mobile phone apps to control it. Even so, iOS and Android smart phones can be used as a remote control as well. Because the Olive ONE is wireless, its elegant interface is easily transferred to WiFienabled televisions for remote browsing, as well as playing music on the telly.

HOW IT WORKS

Designed by Europeans and hand-built in the USA, the Olive ONE is simple to set up and use. Just unpack the player and connect it directly to your speakers. One simple push of a button integrates the WiFi network – no cumbersome encryption modes and keys to be entered. The player automatically recognizes all of the music on the computer network, and music is enjoyed in minutes.

Just nine inches around and slightly over 1.5 inches tall, the ONE sits comfortably almost anywhere. In terms of optional add-ons, to date, Olive will offer a powerful 2.5" AV hard disk drive that stores music for instant access, while also turning the player into a subscription-free home cloud.

A LASTING INVESTMENT

Because paying monthly music-related cloud storage subscription fees, forever, is not ideal, the optional hard disk drive is a heralded solution. It stores up to 6,000 albums in CD quality or 20,000 HD tracks, minus buffering and network hiccups. Social network integration, and an open architecture, for the invention of cool new apps, are also part of the mix.

As detailed in the company's other news release today, "Music & Gadget Fans Help Develop Home Music Player ...," Olive ONE's open architecture will allow customers and crowdfunding backers to influence what goes on the platform. The open hardware and software design also means that the player will not be outdated or made obsolete too soon, like so many consumer electronics today. Olive ONE upgrades can be easily downloaded from the Internet.

PRICING & AVAILABILITY

Olive ONE is slated to ship in summer 2013, with a price of only US$399. The player has been in development for over a year and a pre-production prototype is completed. Versions with the hard drive will sell at US$499 for 1TB, and US$599 for 2TB. Olive ONE will be sold directly at http://www.myoliveone.com, and ship to 220 countries worldwide.