Wednesday May 5, 10:43 am Eastern Time
Company Press Release
JVWEB Director Participates in
London SDMI Conference
Secure Digital Music Initiative/Worldwide Forum for Recording and
Technology Industries
HOUSTON--(BUSINESS WIRE)--May 5, 1999--JVWEB, Inc. (OTC BB:JVWB - news)
announced today Louis A. Ferro, Director of Internet Strategies for JV WEB, represented the
Company and its strategic partner AMP3.COM at the Secure Digital Music Initiative Conference in
London. Mr. Ferro will represent JVWEB/AMP3.COM in Functional Requirements Working
Group. Manufacturers, software companies and representatives from the five major record
companies, attended the conference dedicated to creating open, interoperable architecture and
associated specifications for the digital music industry.
Greg Micek, President and CEO of JVWEB stated, ''As recently announced, JVWEB's alliance
with AMP3.COM represents an opportunity to participate in the explosive transition occurring in the
music industry, into the distribution of digital music, over the Internet. By joining the Secure Digital
Initiative and having Louis represent our efforts, the Company will be current and cognoscente of
developments and opportunities in this emerging market. Concurrently, JVWEB and AMP3.COM,
as industry trend-setters, hope to significantly contribute to security issues in digital music.''
Additionally, Michael Sharp, President and CEO of AMP3.COM stated: ''The SDMI initiative
represents a milestone for artists on this emerging distribution channel. The Management of
AMP3.COM looks forward to furthering the careers of musicians while remaining on the cutting
edge of technology.''
JVWEB was formed to pursue electronic commerce opportunities over the Internet. The Company's
objective is to build a strategic Internet services capability for two primary uses: 1) to offer products,
services and advertising through joint ventures with established businesses, and 2) to offer its
services on a fee basis for clients in need. JVWEB provides the technical, web marketing and
internet business expertise while the established businesses provide the products and services offered
and the related business acumen. For more information concerning JVWEB, please visit the
Company's website at www.jvweb.com.
AMP3.COM is a privately held company based in Kingwood, Texas. As a pioneer in the arena of
digital music distribution over the Internet, AMP3.COM is poised to become one of the premier
music destinations on the Web. AMP3.COM's progressive vision, selection of music, artistic
relationships, strategic alliances and leading-edge technology contribute to superior music content for
the end-user. The company's website is www.amp3.com.
ABOUT SDMI: The Secure Digital Music Initiative brings together the worldwide recording industry
and technology companies to develop an open, interoperable architecture and specification for digital
music security. The specification will answer consumer demand for convenient accessibility to quality
digital music, enable copyright protection for artists' work, and enable music companies to build
successful businesses. Additional information about SDMI can be found at www.sdmi.org.
Safe Harbor Statement: Certain matters discussed in this news release are forward-looking
statements, as it is defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to a number of known and unknown risks and uncertainties
including, but not limited to, business-to-business opportunities on the Internet, the timeliness of
Internet development activities, as well as availability of human and financial resources, which may
cause actual results to differ materially from those expressed in any forward-looking statements
made by or on behalf of JVWEB.
Contact:
DeMonte Associates, NY
Cynthia DeMonte or Sean Leous, 212-473-3700
Cdemonte@aol.com or sleous@aol.com
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