Thursday June 22, 9:03 am Eastern Time
Company Press Release
Cool Entertainment's Free Digital Downloads Now Available
BELLEVUE, Wash.--(BUSINESS WIRE)--Cool Entertainment, Inc. (OTCBB:CULE - news) announced today 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 - news), MP3.com (Nasdaq: MPPP - news), and MusicMaker.com, Inc. (Nasdaq: HITS - news).
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.
--------------------------------------------------------------------------------
Contact:
Investor Relations
Travis Christ
Charterbridge Financial Group, Inc.
619/696-8000
tchrist@charterbridge.net |
