Musicnotes, Inc. the market leader in downloadable sheet music and guitar tablature, despite a challenging economic environment, indicates its year-to-date sales growth remains robust, selling nearly 500,000 downloads thus far in 2008 and generating sales of approximately $3 million. Through early May, digital sales growth has exceeded 30%.

Tim Reiland, Chairman and CFO, indicated: “There is certainly no recession at Musicnotes”. “If anything, we have seen our growth accelerate over the past several weeks.”

http://www.musicnotes.com has sold, since the site’s launch in late 1999, to more than 1.2 million customers, almost 4 million downloads. Traffic data from Hitwise shows Musicnotes with more than a 70% share of the downloadable sheet music market, and the site currently receives 80,000 unique visits a day.

Reiland commented: “Musicnotes is now a solidly profitable company but remains in the early innings of its growth plan”. “We continue to focus on adding great content and enhancing the customer experience. Musicnotes currently offers more than 75,000 downloadable songs – although quantity is not the name of the game in sheet music, we would hope to more than double our offering in the years ahead. There are still many publishers who do not have their valuable content on Musicnotes.com,” Reiland concluded.

Since inception, the Musicnotes pay-for-content model has generated, from the publisher/songwriter perspective, almost $10 million in royalties. Musicnotes also continually evaluates new music industry business models, and is currently in the Alpha phase of its advertising supported guitar and drum tablature website http://www.mxtabs.net. The company expects to shortly announce details regarding the formal launch of MXTabs.