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Technology Stocks : GDNO - Goodnoise, the next KTEL?

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To: Walter Morton who wrote (57)	1/20/1999 9:28:00 PM
From: jelrod3	Read Replies (1) of 158

More Good News....things are beginning to happen... "GoodNoise Partners with Adaptec to Promote Downloadable Music Sales PALO ALTO, Calif., Jan. 20 /PRNewswire/ -- GoodNoise Corporation (OTC Bulletin Board: GDNO - news) today announced a technology and marketing alliance with Adaptec, Inc. (Nasdaq: ADPT - news) aimed at promoting the growth of downloadable music sales in the popular MP3 format. Under the terms of the agreement, GoodNoise and Adaptec will jointly sell and promote each other's products and services. GoodNoise and Adaptec will focus on technology solutions that allow consumers to easily purchase and download MP3 music from the Internet and make their own music CDs. Adaptec is the developer of the market-leading CD-Recording software products, Easy CD Creator, DirectCD and Toast. ''Everyday, thousands of new consumers discover the benefits of purchasing music over the Internet,'' said Gene Hoffman, president and CEO of GoodNoise. ''One of the key elements of the continued growth of downloadable music is making the process of downloading and storing music as easy as possible. The combination of downloadable music with CD-recorders is a natural fit and we plan to work aggressively with Adaptec to break new ground in consumer ease of use.'' ''There is nothing as hot on the Internet today as music in the MP3 format,'' said Dave Ulmer, general manager of Adaptec's Software Products Group, ''And nothing as hot on the desktop as CD-Recording. Through this alliance we are able to offer MP3 fans a great combination of content and CD-Recording software that makes it fun and easy to record their own music CDs.''

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