CULE NEWS!!!!
COOL Announces Successful Acquisition Completion
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DENVER--(BUSINESS WIRE)--March 8, 1999--Cool Entertainment, Inc. (OTC
BB:CULE)(http://www.coolent.com/), a Colorado corporation, is pleased to announce
that the due diligence research between Cool Entertainment, Inc. of Colorado (formerly
Minas Novas Gold Corp.) and Cool Entertainment, Inc. of Washington has been
completed.
An acquisition was accomplished through an exchange of shares between Cool
Entertainment, Inc. of Colorado and the shareholders of Cool Entertainment, Inc. of
Washington resulting in the replacement of present officers and directors of Minas Novas
with the principals of Cool Entertainment, Inc.
Cool Entertainment is an online entertainment media source engaged in retail over the
Internet. Cool Entertainment plans to provide a complete range of media product through
the Internet consisting of DVD, CD's, videos, books and video games. One of Cool
Entertainment's objectives is to become a premiere information site providing
entertainment gossips, online chatrooms, celebrity interviews, online games, literary
reviews and free email accounts. As a result users will be able to visit the site for its
entertainment value in addition to purchasing products. Cool Entertainment management
believes Cool will become an entertainment event in its own right generating heavy traffic
to the web site, providing an opportunity to target email users while providing potential
advertising opportunities for related industry business.
The management of Cool Entertainment intends to have variety, convenience,
affordability, speed of delivery, and security to gain consumer confidence. Cool intends
to position itself as a leader in the entertainment sector of Internet ecommerce.
This press release may contain forward-looking statements made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and uncertainties, including,
without limitation, continued acceptance of the Company's products, subscriber growth,
product demand, competition, and other risks and uncertainties detailed from time to
time in the Company's periodic reports.
CONTACT: Cool Entertainment, Inc.
Carey Whitehead, 1-888-603-8833 |
