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Microcap & Penny Stocks : Global Media Corp.

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To: Jacalyn Deaner who wrote (18)8/3/1999 10:57:00 AM
From: Jacalyn Deaner  Read Replies (1) of 30
 
Tuesday August 3, 9:11 am Eastern Time

Company Press Release

SOURCE: Global Media Corp.

Global Media offers preview of
Industry-Leading Streaming Solution

Limited Alpha Now Available

VANCOUVER, Aug. 3 /CNW-PRN/ - Global Media Corp. (OTC BB: GLMC)
(http://www.gmcorp.net; globalmediacorp.com)

Global Media is pleased to offer Media, Radio and Television Groups, institutional investors, and
analysts an exclusive preview of the Global Media Player and Broadcast system from August 2,
1999 until August 28, 1999.

During August 31 - September 3, Global Media will be in attendance at the NAB Radio Show
conference in Orlando, releasing Public Version 1.0 of the Global Media Player and officially
kicking off the Global Media Broadcast Network.

The Global Media Player

The Global Media Player represents the Internet's ultimate listening and viewing experience.
Created with the newest technology developed in cooperation with RealNetworks, (Nasdaq:
RNWK - news), the Global Media Player offers the best in user functionality and entertainment
value.

The Global Media Player is the portal through which all of the audio and video broadcasts
aggregated onto the Global Media Broadcast Network can be accessed. These will be
searchable by genre and provide extensive information on the broadcaster as well as a link to the
private label e-commerce site provided by Global Media.

The Global Media Player gives Radio and other Media properties the advantage of maintaining
and building their brand names on the Internet while providing the most compelling user
experience possible. With its intuitive interface design and extensive use of dynamic content and
animation promoting interactive experience, the Global Media Player is a unique media appliance.

''This first release of the Global Media Player signals a fundamental shift in the direction of
Internet broadcasting,'' said Aaron Stone, VP of Business Development at Global Media Corp.
We have combined the most robust broadcast network infrastructure with the most entertaining
media player experience available on the Internet to broadcasters and media consumers...and this
is only the beginning.'' Entertaining, functional, and interactive are three key words that have driven
every stage of the Global Media Player development.

Station Branding

Branding is an essential element of the Radio station model. To date, however, the pitfall of other
Internet broadcasting companies has been in their promotion of their own Internet brands, rather
than of the client stations.

Not so in the Global Media Network. Client station brands are clearly identified in every panel of
the Global Media Player. Combined with numerous promotional opportunities and links back to
the Station's website, Global Media provides Internet Broadcasters the most robust branding
solution possible.

Revenue Opportunities

The Global Media Player and Network Associate Program offer numerous non-traditional
revenue streams.

Through demographically targeted advertising opportunities and the sale of entertainment
products, the Internet broadcast solution is no longer an expense to Radio and TV properties,
instead becoming a viable revenue generating system.

The Global Media Broadcast Network

Developed in conjunction with RealNetworks and MCI Worldcom, (Nasdaq:WCOM - news)
the Global Media Broadcast Network, ''GMBN'' is a distributed, multi-tiered Internet broadcast
network.

The GMBN uses a combination of Frame Relay and ATM (asynchronous transfer mode)
technologies for signal aggregation at the Global Media Broadcast Operations Center. Through
sophisticated custom built Linux Encoders, the Global Media Network guarantees quality of
service, maintenance, and upgrades without interruption of the broadcast signal.

This alliance of leading edge signal aggregation and broadcast technologies provides client and
end users with the highest quality streaming media experience available.

To access the Preview

Contact:

Ken Shortt Media Relations, (888) 744-3044;
Monte Walls Burris, VP Corporate Affairs, (888) 322-2282 or
Ian Wenig, Sales Manager, (888) 322-2282

Global Media is a fully reporting issuer to the SEC and is listed on Standard and Poor's
Corporation Records. The Company trades on the NASD OTC Bulletin Board under the symbol
GLMC. The company also trades on the Berlin Stock Exchange under the symbol GLE.

On behalf of the Board of Directors,

Michael Metcalfe

This press release may contain forward-looking statements within the meaning of Section 27A of
the Securities Act of 1993 and section 21E of the Exchange Act of 1934 and is subject to safe
harbor created by these sections. Actual results may differ materially due to number of risks,
including: the technological and operational challenges of developing and deploying the company's
abilities to market the services and future customer acceptance and demand for the services.

PARTNERS: RealNetworks (RNWK), Liquid Audio(LQID),
MCI Worldcom(WCOM), Muze

SOURCE: Global Media Corp.

More Quotes and News:
Global Media Corp (OTC BB:GLMC - news)
Related News Categories: entertainment, internet, retail

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