BELLEVUE, Wash., Jun 2, 2000 (BUSINESS WIRE) -- Cool Entertainment Inc.
(OTCBB:CULE) announced that, in accordance with its agreement with MSI Music,
the Company's import section will be launched today. MSI Music is Cool
Entertainment's distribution partner for imports in the US, providing more than
100,000 international titles for the Cool website. Cool Entertainment plans to
use MSI's Miami warehouse to distribute imported products throughout the US. In
the near future, Cool Entertainment will utilize MSI's Depot 31 for European
distribution. This will allow the company to distribute over 300,000 titles to
consumers in Europe, Scandinavia, the Middle East and Northern Africa.
Digital downloads will be available on the Cool Entertainment Inc. site later
this month.
Clement Lau, President of Cool Entertainment Inc. stated, "With the launch of
our import section, Cool Entertainment broadens its product offerings
substantially, bringing a huge selection of imported titles to North American
shoppers. This agreement places the Company in an excellent position to
capitalize on the projected $750 billion that will be spent over the Internet on
entertainment products in the next two years. Through the agreement with MSI,
our online shoppers can select from over 100,000 international titles, in
addition to the 250,000 products, including CDs, DVDs, videos and video games,
currently available on the Cool Entertainment website."
Rolf Hansen, VP of operations for MSI, stated, "MSI and Depot 31's combined
experience in drop shipping for Internet vendors CDNOW (Nasdaq:CDNW - news),
Amazon.com (Nasdaq:AMZN -news) and Tower Records will undoubtedly benefit Cool
Entertainment."
ABOUT MSI MUSIC
MSI offers consumers and retailers a searchable database of more than 100,000
titles. In Europe, MSI distributes through Depot 31, the first Internet
fulfillment warehouse established on the European continent. Depot 31 is
specifically designed to meet the demands of retailers in Europe, Scandinavia,
the Middle East and Northern Africa with one of the world's largest
music-related databases (300,000-plus titles). Additional information on MSI
Music is available at: msimusic.com.
ABOUT COOL ENTERTAINMENT INC.
Cool Entertainment is a comprehensive entertainment retail website, offering a
wide range of products including CDs, DVDs, videos, and video games. The website
also offers value-added services including online games, free e-mail accounts,
and other entertainment. Cool Management is currently exploring additional
distribution opportunities in Asia, Australia and Latin America. For further
information, please visit: coolentertainment.com.
Statements about the Company's future expectations, including future revenues,
earnings and transactions, as well as all other statements in the press release
other than historical facts are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. The Company intends
that such forward-looking statements be subject to the safe harbors created
thereby. Since these statements involve risks and uncertainties and are subject
to change at any time, the Company's actual results and other corporate
developments could differ materially from that which has been anticipated in
such statements.
CONTACT: Investor Relations
Travis Christ
Charterbridge Financial Group, Inc.
619/696-8000
tchrist@charterbridge.net
URL: businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2000 Business Wire. All rights reserved.
|
