BELLEVUE, Wash.--(BUSINESS WIRE)--May 30, 2000--Cool Entertainment
Inc. (OTCBB:CULE), announced today that Willie Mounzer has joined
its Board of Directors.
For the past 19 years Mr. Mounzer is the Vice President of a very
successful restaurant chain based in North America with 60 outlets and
sales in excess of $200 million. He has been with the organization
since it's inception and has been part of the development, positioning
and branding of the concept. Mr. Mounzer is also responsible for
ensuring the sales and profits of the organization as well as
overseeing the recruitment, selection and training of over 6000
employees. He also has expertise in the financing and marketing of new
and existing restaurants.
"We look forward to using Mr. Mounzer's strengths to help develop,
position and brand Cool Entertainment. He will also be an excellent
asset in developing the customer experience online", said Clement Lau,
President and CEO of Cool Entertainment, Inc. Lastly, as with all
directors, Mr. Mounzer will use his base of personal contacts to help
support the market and look to acquire additional promotional
marketing dollars.
ABOUT THE COMPANY
Cool Entertainment is a comprehensive, entertainment retail
website, which will be offering a wide range of products including
CDs, DVDs, videos, and video games. The website will also offer
value-added services including online games, free e-mail accounts, and
other entertainment. Cool Management is currently exploring additional
distribution opportunities in Europe, Asia, Australia and Latin
America. For further information, please visit:
coolentertainment.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.
--30--JC/la*
CONTACT: Charterbridge Financial Group, Inc.
Travis Christ, 619/696-8000
tchrist@charterbridge.net
KEYWORD: WASHINGTON
INDUSTRY KEYWORD: E-COMMERCE ENTERTAINMENT INTERNET
MANAGEMENT CHANGES
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