CULE news
New York, New York, Jun. 22, 2000 (Market News Publishing via COMTEX) -- Cool
Entertainment, Inc. announced that free digital downloads are now available on
its website, including the theme from the hit movie "Shaft." Custom CD
compilations will be available on Cool's site early next month.
Through amplified.com, the world's leading online business-to-business
fulfillment service for music and video products, Cool Entertainment is offering
thousands of licensed digital music tracks, digital rights management, and the
digital media technology required to deliver both digital downloads and custom
compilations to Cool Entertainment's users.
Clement Lau, President of Cool Entertainment, Inc., said, "We're excited to be
offering free downloads that still protect artists' and labels' rights. The
downloads are fast and easy, and we have a wide selection of musical choices.
This new feature of our site allows us to compete for the $750 billion that will
be spent over the Internet on entertainment products in the next two years.
Cool Entertainment is aggressively competing with such online music purveyors as
CDnow, Inc. (Nasdaq: CDNW), MP3.com (Nasdaq: MPPP), and MusicMaker.com, Inc.
(Nasdaq: HITS).
John Harran, Vice President of Business Development at amplified.com said, "Our
premier retailer partners, including Cool Entertainment, benefit from our
seamless digital delivery system, an experienced team that has been implementing
digital delivery since 1995."
ABOUT AMPLIFIED.COM amplified.com is the world's leading business-to-business
online fulfillment company for entertainment products. amplified.com provides
CDs, DVDs, Digital Downloads and Custom CDs to most of the Internet's leading
retail sites. The company offers a full suite of fulfillment services for record
companies, and provides a perfect solution for any business wishing to sell
music and video over the Internet. amplified also specializes in digital media
technology and DRM services, offering a robust list of services for labels and
for destination sites. The Company is privately held, and its owners include
Valley Media, Bear Stern's Constellation Ventures, Psilos Group, and
Noro-Moseley Partners.
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.
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