(BSNS WIRE) Cool Entertainment Comments on Digital River & Valley Media
Cool Entertainment Comments on Digital River & Valley Media Deals
Business Editors & Technology Writers
BELLUVUE, Wash.--(BUSINESS WIRE)--May 6, 1999--As previously
announced, Cool Entertainment Inc. (OTC BB: CULE - news) is pleased
to have signed two very important distribution agreements with
industry leaders, Digital River Inc. (Nasdaq: DRIV - news) and
Valley Media, Inc. (Nasdaq:VMIX - news) who will provide several
hundred thousand software titles, CDs, DVDs, videos, video games and
the use of proprietary electronic software delivery systems.
This will allow Cool customers direct software download
capability, which will enhance Cool's website located at
(http://www.coolent.com). Cool's website is expected to open summer
of 1999.
Clement Lau, President states, "These two agreements place Cool
in the forefront of a booming Internet market niche. Cool is
positioning itself to take advantage of where market demand is taking
us. Initial indications show the potential for extreme success over
the next 12 months through the launch of our website. We are
definitely in the right marketplace at the right time."
Mr. Lau also states that, "Besides marketing that we have
implemented to bring attention to the Company, as we near completion
of our site we look forward to announcing additional key strategic
alliances which are in final negotiations. These alliances will
further solidify the company's position in this multi-million dollar
industry which is growing at an exponential rate as seen with
competitors like RealNetworks (Nasdaq: RNWK - news) CDnow
(Nasdaq:CDNW-news), N2K (Nasdaq:NTKI-news), Amazon.com
(Nasdaq:AMZN-news), eBay (Nasdaq: EBAY - news), Time Warner (NYSE:TWX
- news), and AT&T (NYSE:T - news)."
A short audio interview with Cool Entertainment President,
Clement Lau, can be heard on cashcowmag.com, wherein he
answers popular questions about the Company, Cool's business strategy
and short/long term targeted objectives.
Digital River, Inc. (Nasdaq: DRIV - news), based in Minneapolis,
is the largest online source of software in the US, and a leading
outsource provider of Web-based commerce solutions. The company
provides more than 5,000 software publishers and online retailers
with a proprietary technology for Internet delivery of more than
100,000 digital products, including 30,000 software applications.
Visit Digital River's Web site at digitalriver.com.
Valley Media, Inc. (Nasdaq: VMIX - news) is a recognized leader
in full-line entertainment wholesale distribution, Internet retail
fulfillment, independent music distribution and proprietary database
products and publications. Valley Media operates facilities in seven
states with primary distribution centers in Louisville, Kentucky and
Woodland, California. Valley Media has also been awarded the
National Association of Record Merchandisers 1998 Wholesaler of The
Year Award, for its sixth consecutive year as an industry leader.
Visit Valley Media at valley-media.com.
Cool Entertainment is a comprehensive, entertainment retail
website which will be offering a wide range of products including
books, CDs, DVDs, videos, video games and software. 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.
--30--jc/at*
CONTACT: Cool Entertainment Inc., Bellevue, WA
Clement Lau, President
Corporate Office: 425/688-2997
Investor Relations: 888/603-8833 |
