Navarre Corporation Becomes a Primary Distributor of the Linux Operating System
MINNEAPOLIS--(BUSINESS WIRE)--April 7, 1999--Navarre Corporation (Nasdaq: NAVR - news) today announced that it has entered into distribution relationships for the new and emerging Linux Operating System with the four premier publishers: Caldera Systems, Red Hat Software, Inc., SuSE, Inc. and Simon & Schuster Interactive. Navarre is a major supplier of software for the nation's major consumer retailers and e-commerce resellers.
The Linux operating system directs the operation of a personal computer and permits its applications to run. Alternate operating systems include DOS, Windows 98, OS/2, and MacOS. Linux differs distinctly from the other operating systems in numerous ways including its portability between platforms, Unix-based code, and its very affordable price. PC companies offering the Linux operating system include IBM and Sun Microsystems.
Ian Warfield, Vice President and General Manager of Navarre Corporation's Computer Products Division stated ''Navarre's strength as a market leader in the distribution of consumer software makes it a natural transition to become a powerful presence in this new and growing category. It is Navarre's intention to play a strategic leadership role in the deployment of Linux and related software to the consumer channel through its business partners.''
Navarre Corporation operates one of the first ''business to business'' Internet e-commerce web sites navarre.com and provides fulfillment for both traditional and e-commerce retailers. Navarre Corporation's major business groups are: Computer Products Division which publishes and distributes quality consumer software to retailers nationwide; Independent Music Distribution which is the major distributor of independent music labels in the United States and now Canada; ARM which distributes major label music to non-traditional retail outlets; DVD Home Video distribution; and the majority-owned subsidiary NetRadio Network which is the premier Internet radio network featuring 120 channels of originally programmed audio content at: netradio.net (TM), and its online stores CDPoint (http://www.CDPoint.com (TM)).
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Statements in this release that are not strictly historical are ''forward looking'' statements which are subject to risk and uncertainty. Investors are cautioned that all ''forward-looking'' statements contained herein may not be reasonable and assumptions could be inaccurate, and should not be construed, considered or assumed as guarantees. The inclusion of such information should not be regarded as a representation or guarantee, by the Company, or any other person, that the objections and plans, stated herein, will be achieved. Unknown factors could cause actual results to differ as well as other risks detailed in the Company's reports filed with the Securities and Exchange Commission, including its prospectuses, 10K and 10Q filings.
--------------------------------------------------------------------------------
Contact:
Navarre Corporation
Terri Bonoff, 612/535-8333
tbonoff@navarre.com
or
Dresner Corporate Services, Inc.
Spencer Maus, Director
Allison Gabrys, Manager
312/726-3200
smaus@dresnerco.com
|
