Good News: Business Wire
MEDIAX BRINGS LARGE E-COMMERCE SITE
'AMUZNET.COM' ON-LINE OFFERING 260,000
ENTERTAINMENT TITLES ON THE INTERNET
CULVER CITY, Calif.--(BUSINESS WIRE)--Dec. 14, 1998--MediaX
Corporation (OTC:MXMXD.O) today announced that it will bring its
central e-commerce site www.AMUZNET.com on-line before the end of the
year.
The site will offer its customers over 260,000 titles of
pre-recorded music on CD, video and DVD from all major record labels
and studios and over 4,000 independent music labels for purchase
online at www.AmuzNet.com.
The MediaX e-commerce site has been designed to process and
fulfill all on-line customer orders automatically and with the most
secure credit card processing method on the Internet available today.
All maintenance of inventory and processing of orders will be handled
by one of the world's largest entertainment product fulfillment
providers for Internet and Direct to Consumer Business, the largest
one-stop supplier to the music industry, with MediaX receiving 100%
revenue credit on sales. MediaX's customers will be able to order
product 24 hours a day through the Internet or by calling MediaX's
1-800 line. MediaX expects to fill and average of more than 94% of
customer's orders immediately.
The launch of this large e-commerce site, combined with other
on-line activities, which are already producing revenues, will allow
MediaX to provide a similar inventory of entertainment titles
(excluding books) as Amazon.com, CDNow and Musicboulevard at
competitive prices. The Company expects to generate significant
revenues off its e-commerce site during 1999. Our 1999 business model
forecasts revenues over $3 million from the sale of CD's.
MediaX has begun implementing a unique approach to marketing and
promoting Amusenet.com to generate high traffic (hits) and strong
conversion into sales, while controlling cost at the same time. Using
its own network of celebrity sites such as www.RodStewartLive.com as
"portal" sites into MediaX's e-commerce, high hit rates are guaranteed
right from the beginning. The Rod Stewart site had close to one
million hits within its first six weeks, and continues to run at a
very strong rate. As part of the constant integrated marketing
campaigns for its celebrity sites, MediaX has just produced the first
transatlantic live webcast of Rod Stewart performing live from Earls
Court in London, to drive traffic to the Rod Stewart site and the
central e-commerce site. Other substantial related developments to be
announced next week. For an investor package please contact TC Group
at 419-991-6611.
Founded in 1996, MediaX Corporation is an award-winning developer
and publisher of multimedia entertainment software. The company also
produces and publishes new media entertainment content for
entertainment companies and is an e-commerce provider, offering more
than 260,000 entertainment titles on-line at www.amuznet.com . Please
visit our official Rod Stewart web site www.RodStewartLive.com and
www.BigBrother.com. Headquartered in Culver City, California, MediaX
owns an operates a digital production facility in Santa Cruz,
California. For more information about this and other developments
please visit www.MediaX.com.
--30--gaa/mi*
CONTACT: MediaX Corp., Culver City
Gwenivere Snyder, 310-815-8002 ext.24
or
Investor Relations:
TC Group, 419-991-6611
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT
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