Appoints William H. Hadcock new President and Chief Executive Officer
 
    BELLEVUE, WA, Nov. 3 /PRNewswire/ - William H. Hadcock, acting President
and CEO of Cool Entertainment, Inc. (OTCBB:CULE) (the "Company"), who recently
replaced Clement Lau as President and CEO, announced today that the Company
has entered into a binding letter of intent to acquire, by way of share
exchange and reorganization, all of the issued and outstanding securities of
E-Trend Networks, Inc., a private company based in Fort Lauderdale Fl., with
offices in Marina Del Rey, CA and Calgary, AB ("E-Trend").
    The transaction is subject to the completion by both parties of a number
of matters, including, but not limited to, the following:
 
    (a)    The Company and E-Trend entering into a formal share exchange and
           reorganization agreement with standard conditions, covenants,
           representations and warranties;
 
    (b)    Approval of the board of directors of both the Company and E-Trend
           to the transaction contemplated herein;
 
    (c)    Obtaining the approval of the shareholders of Company as to
           several matters, including, the re-domestication of the Company
           into Delaware, the change of name of the Company to E-Trend
           Networks, Inc. and the consolidation of the share capital of the
           Company on a one (1) new for one hundred (100) old basis with such
           consolidation to occur immediately prior to the closing of the
           transaction contemplated herein;
 
    (d)    Obtaining the approval of the shareholders of E-Trend to the
           transaction contemplated herein, including the reorganization with
           the Company and the share exchange of the issued and outstanding
           securities of E-Trend for not more than 4,450,000 post-
           consolidation shares of the Company.
 
    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. For further information, please
visit: www.coolentertainment.com.
 
    ABOUT E-TREND NETWORKS, INC.
 
    E-Trend Networks, Inc. is a leading content destination for 'everything
entertainment', including movies (theatrical and home video), music, games and
more. www.EntertainMe.com is the gateway to the network of entertainment-based
specialty eCommerce sites, including www.MovieSource.com, www.VHQMusic.com,
and www.VHQGames.com.  All E-Trend Network sites feature live, in-house
customer service representatives who chat in real time with visitors and offer
assistance on finding the right title or the perfect gift from any of the
network sites. This feature offers a true benefit to customers, especially
those who are new to online shopping.  E-Trend Networks, Inc. is an affiliate
of Video Headquarters Inc., a public company trading on the Canadian Venture
Exchange under the symbol "VHS".
 
    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.
 
SOURCE Video Headquarters Inc.
    -0-              11/03/2000
    /CONTACT: William H. Hadcock, President, Cool Entertainment Inc.,
Toll-free 888-603-8833; Gregg C. Johnson, President,
E-Trend Networks, Inc., 403-252-7766/
    (VHS. CULE)