News on GNEN. cdmusic.com opens for business
Wednesday April 7, 7:13 am Eastern Time
Company Press Release
CDMusic.com Opens For Business
Division of Generation Entertainment Set To Sell Hundreds of Thousands of Music Titles
SCOTTSDALE, Ariz.--(ENTERTAINMENT WIRE)--April 7, 1999-- Generation Entertainment Corp. (OTC BB:GNEN - news) Wednesday announced that its on-line record store has opened.
Internet users can now access the site at www.cdmusic.com. With plans to offer in excess of 250,000 titles, CDMusic.com also features releases from two Generation record labels, Harvest Music and Copper Sun Records, along with the affiliated Slip Disc Records. Also at CDMusic.com is an on-line radio station that visitors can listen to as they shop CDMusic.com and browse the Internet.
Warren Guth, president of Generation Entertainment Corp., stated, ''CDMusic.com is another milestone for Generation Entertainment's thrust towards on-line and household recognition as a leading provider of e-commerce and unique cyber-entertainment.''
As an Associate of Amazon.com, CDMusic.com provides direct access to Amazon's inventory. The alliance with Amazon.com will also serve to conserve on the resources CDMusic.com will need to run at full strength and profitability. Amazon.com's powerful search engine capability assists CDMusic.com visitors in browsing for music, books and videos.
Generation Entertainment Corp. recently acquired Millenium Music & Media Inc. (DBA M3), and has hired grammy-award winner Neil Kernon to be senior VP of A&R and New Technologies.
Note to Editors: Forward looking statements in this release are 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, increased levels of competition for the company, new products and noted technological change, the company's dependence upon third-party suppliers, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
Contact:
Generation Entertainment Corp., Scottsdale
Marianne Smith, 602/367-1717 |
