This could be the stock of the year! After a great deal of work, Cool Entertainment is preparing to open their site in just 2 weeks! They have a great business plan, ship directly from the supplier (eliminating inventory costs), have free e-mail, on-line games, and are actively pursuing other markets (including the red-hot Asian market).
A comparative company might be Bigstar (www.bigstar.com). Although Bigstar is much more limited in product line, their stock is currently trading at 7 3/16. CULE is currently trading at only 0.46, up 17.9% today! If CULE were to open and go no higher than its competitor, it would still be a gain of over 1450%. With future plans to expand into foreign markets, this stock could take off like a rocket. Just MHO, but this is one to look into!
This is a copy of their news out today:
Cool Entertainment Announces Official Date of Website Launch
BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 11, 2000--Cool Entertainment Inc. (OTC BB: CULE) is pleased to announce that the OFFICIAL OPENING OF ITS WEBSITE IS PLANNED FOR JANUARY 26th, 2000. Cool Entertainment will be accepting on-line transactions in conjunction with distribution partner Valley Media (Nasdaq: VMIX) and content provider Muze Inc.
Cool Entertainment's goal to provide an easy-to-use and enjoyable first-class site to consumers in North America and, eventually, the rest of the world, will be realized on January 26th. Business on the Web is rapidly changing. Today's Internet population is increasingly demanding a higher level of interaction and functionality. IBM Canada Ltd. has been working closely with Cool Entertainment to provide e-commerce solutions and business planning expertise to create a website with an infrastructure that meets these growing business demands. Cool Entertainment customers can expect to receive an outstanding level of service and a secure online shopping experience with access to a wide range of entertainment products.
Cool has recently launched their first on-line interactive game "The Adventures of Pengui", which is a pilot of the on-line entertainment components the company will be providing. Other forms of entertainment are planned and will be included in future releases.
On behalf of Cool Entertainment, I would like to thank all our shareholders for your continued support, and we look forward to seeing you on our site.
Clement Lau - President & CEO
Cool Entertainment, Inc.
About Cool Entertainment, Inc.
Cool Entertainment is a comprehensive, entertainment retail website, which will be offering a wide range of products including CDs, DVDs, videos, video games. The website will also contain value-added services including online games, and free e-mail accounts and other entertainment. Cool management is currently exploring additional distribution networks in Europe, Asia, Australia and Latin America. For more information visit: coolentertainment.com
In addition to IBM Canada Ltd., Cool Entertainment has other key alliances with companies such as Valley Media (Nasdaq: VMIX) and Muze, Inc.
Valley Media
Valley Media (Nasdaq: VMIX) is a recognized leader in full-line entertainment wholesale distribution, Internet retail fulfillment, independent music distribution and proprietary database products and publications. Valley Media operates facilities in seven states with primary distribution centers in Louisville, KY and Woodland, CA. Valley Media has also been awarded the National Association of Record Merchandisers 1998 Wholesaler of The Year Award for its sixth consecutive year as an industry leader.
Muze Inc.
Muze Inc. (www.muze.com), established in 1991, is an organization dedicated to enhancing enjoyment from entertainment. Today, Muze is an undisputed market leader for a source of data and editorial content about music, books, and video. Muze information solutions can be found in more than 14,000 retail locations, where they enhance commercial activity for leading chain and independent retailers, and on over 60 on-line shopping sites, fuelling the interactive on-line revolution in retail entertainment.
Cool Entertainment Inc., is currently being featured by Cash Cow Magazine On-Line's emerging OTC Website: cashcowmag.com
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. |
