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COOL Announces Successful Acquisition Completion
Business Wire - March 08, 1999 10:59
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DENVER--(BUSINESS WIRE)--March 8, 1999--Cool Entertainment, Inc. (OTC BB:CULE)(http://www.coolent.com/), a
Colorado corporation, is pleased to announce that the due diligence research between Cool Entertainment, Inc. of Colorado
(formerly Minas Novas Gold Corp.) and Cool Entertainment, Inc. of Washington has been completed.
An acquisition was accomplished through an exchange of shares between Cool Entertainment, Inc. of Colorado and the
shareholders of Cool Entertainment, Inc. of Washington resulting in the replacement of present officers and directors of Minas
Novas with the principals of Cool Entertainment, Inc.
Cool Entertainment is an online entertainment media source engaged in retail over the Internet. Cool Entertainment plans to
provide a complete range of media product through the Internet consisting of DVD, CD's, videos, books and video games.
One of Cool Entertainment's objectives is to become a premiere information site providing entertainment gossips, online
chatrooms, celebrity interviews, online games, literary reviews and free email accounts. As a result users will be able to visit the
site for its entertainment value in addition to purchasing products. Cool Entertainment management believes Cool will become
an entertainment event in its own right generating heavy traffic to the web site, providing an opportunity to target email users
while providing potential advertising opportunities for related industry business.
The management of Cool Entertainment intends to have variety, convenience, affordability, speed of delivery, and security to
gain consumer confidence. Cool intends to position itself as a leader in the entertainment sector of Internet ecommerce.
This press release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the Company's products, subscriber growth, product
demand, competition, and other risks and uncertainties detailed from time to time in the Company's periodic reports.
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