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Non-Tech : Valley Media (VMIX) IPO -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (213)	6/23/1999 7:10:00 PM
From: Wil Faller	Read Replies (3) \| Respond to of 298

VMIX is now officially a .com company, about time, hopefully this should help the stock recover. Also, notice that the CEO is now doing the press releases and that the CFO has been silenced. This may be the most positive news of all. Probably too much to hope that they fired the CFO? BW0363 Jun 23, 1999 15:31 PACIFIC 18:31 EASTERN ( BW)(CA-VALLEY-MEDIA)(VMIX) Valley Media and Amplified.com to Pursue Digital Partnership Business Editors/High-Tech Writers WOODLAND, Calif.--(BUSINESS WIRE)--June 23, 1999--Valley Media, Inc. (Nasdaq:VMIX), a recognized leader in the full-line distribution of music and video entertainment products, today announced that it has signed a letter of intent with Amplified.com, a leading digital music distributor, regarding the digital distribution of music. The two companies intend to jointly offer digital music downloads and custom CD compilations to music retailers. The letter of intent further provides that Amplified.com will build a custom CD manufacturing facility within Valley Media's Woodland, California, distribution center and that Valley Media will receive an equity stake in Amplified.com. "The proposed relationship with Amplified.com would move Valley Media into the digital distribution of music," said Rob Cain, Valley Media's President and CEO. "The relationship would allow us to offer our customers the ability to digitally download and manufacture CD compilations. Amplified.com would manufacture custom CDs from within our California distribution