Cool Entertainment Signs Agreement With Digital River for Downloadable Software
Business Wire - April 27, 1999 09:18
BELLEVUE, Wash.--(BUSINESS WIRE)--April 27, 1999--Cool Entertainment Inc. (OTC BB: CULE) is pleased to announce a 2-year distribution agreement with Digital River Inc. (NASDAQ:DRIV) to provide over 100,000 software titles and use of its proprietary electronic software delivery system that will allow Cool customers direct software download capability.
"As 100% of our customers are computer-based, this agreement allows immediate delivery of product with direct software downloads from our site," says Cool Entertainment president, Clement Lau. "Beyond the extensive list of software products we're now able to offer, the direct downloading service is another way for us to give added value - it's a completely efficient and cost-effective method."
The Company expects the website to be fully operational by summer 1999, and additional strategic alliances which are in final negotiations will be announced as soon as they are signed.
Cool Entertainment management plans to develop a comprehensive, entertainment retail website offering a wide range of products including books, CDs, DVDs, videos, video games and software, breaking into the market challenging companies such as CDnow (NASDAQ:CDNW-news), N2K (NASDAQ:NTKI-news), Amazon.com (NASDAQ:AMZN-news). The website will also contain value-added services including celebrity interviews, book reviews, online chat rooms, online games, and free email accounts. Cool management is currently exploring additional distribution networks in Europe, Asia, Australia and Latin America.
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.
CONTACT: Cool Entertainment Inc., Bellevue, WA
Clement Lau, President, 425/688-2997
Investor Relations: 888/603-8833
coolent.com
Cool is my favourite internet stock and if you are interested check out the forum here on SI: Subject 26201
other useful links cashcowmag.com
emergingcompany.com
Dan Byrne
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