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Microcap & Penny Stocks : Cool Entertainment (CULE)

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To: tobin sears who wrote (403)7/15/1999 3:06:00 PM
From: tobin sears  Read Replies (1) of 488
 
Cool Entertainment Offers Prizes by Universal Studios, Reprise Records and Eidos Interactive for Its Free E-mail Sweepstakes
TORONTO, Ontario--(BUSINESS WIRE)--July 15, 1999--Cool Entertainment Inc. (OTC BB: CULE) announced today details of their Cool Sweepstakes prizes and the prize sponsors featured at www.coolentertainment.com.
Clement Lau, Cool president & CEO states, "We will be offering a free e-mail account to those who sign up as we begin marketing promotions to attract and keep new customers to our website. We will also draw additional customer attention by offering several other programs like online games, online chat rooms, and celebrity interviews in the near future. We are extremely proud to partner with entertainment industry leaders and sponsors including Universal Studios, Hollywood (amusement and theme park attraction), Reprise Records (record label for Alanis Morissette, Barenaked Ladies, Eric Clapton, and Chris Isaak), and Eidos Interactive (a cutting edge video technology company and one of the largest and most exciting vertically integrated entertainment software development and publishing groups in Europe)."

The sweepstakes will consist of three phases focusing on Cool Music, Cool Movies and Cool Games and run from July 15th to August 31st. The different phases will "unlock" during the outlined contest period and showcase great products from our sponsors, Universal Studios Hollywood, Reprise Records and Eidos Interactive.

Three selected winners will receive one of the following prizes:

Phase 1: Cool Music! - From July 15th - July 31st when visitors sign up for a free e-mail account with coolentertainment.com, they will automatically be entered into the Cool Music! Sweepstakes: two concert tickets plus R/T airfare, rental car, and one night of accommodation to see Reprise Records recording artist Chris Isaak live August 21st at Caesar's Tahoe in Stateline, Nevada.

Phase 2: Cool Movies! - From August 1st - August 15th when visitors sign up for a free e-mail account with coolentertainment.com, they will automatically be entered into the Cool Movies! Sweepstakes: a Universal Studios Hollywood VIP Experience for two, including R/T airfare to Los Angeles and one night accommodation.

Phase 3: Cool Games! - From August 15th - August 31st when visitors sign up for a free e-mail account with coolentertainment.com, they will be automatically entered into the Cool Games! Sweepstakes: tickets for two to a mystery event involving Lara Croft from Eidos Interactive, including R/T airfare and one night of accommodation.

Participants can also instantly win t-shirts, mousepads, product coupons and other exciting prizes simply by filling out, then submitting, the "What's Cool About You?" form by using their new coolentertainment.com e-mail account. Instant winners will be notified immediately by Cool via return e-mail. All instant winner prizes will be sent out on September 15th, 1999.

Clement Lau states, "The Company would also like to acknowledge that with all the recent activity and enthusiasm taking place with companies like CDNow (Nasdaq:CDNW), Liquid Audio (Nasdaq:LQID), and Musicmaker.com (Nasdaq:HITS), we feel extremely confident that Cool is in the right niche at the right time. E-commerce, linked with entertainment, on the Internet is just beginning and we feel that we are well positioned to take advantage of this multi-billion dollar growth industry worldwide."

Cool Entertainment is a comprehensive entertainment retail website which will be offering a wide range of products including books, CDs, DVDs, videos, video games and software. The website will also contain value-added services including celebrity interviews, book reviews, online chat rooms, online games, and free e-mail accounts. Cool management is currently exploring additional distribution networks in Europe, Asia, Australia and Latin America.

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., Bellevue, WA
Clement Lau, President
Corporate Office: 425/688-2997
Investor Relations: 888/603-8833
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