This looks interesting...have been watching this one...I think the bottom is in and I bot some today...price at 9/16...
(PR Wires) DJ: Sound Source Interactive and TDK Recording Media Europe
DJ: Sound Source Interactive and TDK Recording Media Europe Sign Playstation
Deal; TDK to Finance Product Development and Provide International Distribution
CALABASAS, Calif.--(BUSINESS WIRE)--June 22, 1999--Sound Source Interactive
Inc. (NASDAQ:SSII) Tuesday announced that it has amended its three-year,
renewable publishing and international distribution agreement with TDK
Recording Media Europe S.A., the European subsidiary of the Y697 billion TDK
Corp. (NYSE:TDK) to include Sony Playstation game console titles.
In addition to 12 CD ROM titles slated for distribution beginning this year,
TDK will publish a full range of Sound Source Interactive Playstation titles
and distribute them throughout Europe, Australia and Japan. Exact terms of
the agreement remain confidential, but TDK will finance a major portion of
product development with titles expected to ship beginning in summer 2000.
As a major multinational manufacturer of electronic components and recording
media, TDK commands approximately 15 percent of the European CD-R market, 45
percent of the audiocassette market, 21 percent of the VHS cassette market
and 38 percent VHS-C market and 21 percent of the 8mm market. Its European
distribution covers the channels including Hyper markets, supermarkets,
record/video stores, electronics stores, department stores, duty free
stores, kiosks, bookstores and others, throughout Europe.
"Our relationship with TDK continues to grow, and we are proud to have them
as our international partner for this important console format," commented
Vincent Bitetti, chairman and CEO of Sound Source Interactive. "TDK will
adapt our Playstation titles into new language versions and will be
distributing them into established Playstation markets in Europe, Australia
and Japan. With the marketing and distribution muscle of TDK, we look to the
Playstation console market as a vital new international frontier for Sound
Source."
In announcing this relationship, Shikanai, president of TDK Recording Media
Europe, said: "TDK is committed to providing quality entertainment and
education titles for children across all media formats," Shikanai continued.
"Sound Source has quality licenses and a host of popular characters and
stories which transcend international boundaries, and we are pleased to be
their exclusive Playstation distributor."
For more information, contact: TDK RECORDING MEDIA EUROPE S.A. Andrew
Burrows, Marketing Communications Manager Z.I Bommelscheuer L- 4902
BASCHARGE Grand Duchy of Luxembourg, Tel: 352/50501-1.
Sound Source Interactive is a leading publisher of children's interactive
CD-ROM software in the United States. The company is a comprehensive, fully
functional software studio, producing an expanding list of award-winning
software products that are based on licensed content derived from popular
children's literature, major motion pictures, video franchises and
long-standing television series. The company has exclusive licenses from
Universal Studios, Viacom (Paramount Pictures Corp.), Warner Bros., MGM/UA,
Harvey Entertainment Co., 20th Century Fox, New Line Cinema, Sony
Signatures, Polygram and others. Sound Source Interactive has headquarters
in Calabasas, and trades on the NASDAQ under the symbol SSII.
CONTACT: Sound Source Interactive, Calabasas
Andrea Frechette, 818/878-0505 ext. 106
818/871-1972 (fax)
Afrechette@ssiimail.com
Jeffrey Court, 818/878-0505 ext. 202
10:31 EDT JUNE 22, 1999
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