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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: TERRY McCartan who wrote (680)	6/29/1999 7:34:00 PM
From: Fred C. Dobbs	Read Replies (1) \| Respond to of 776

Attention Business Editors: Signature Brands Limited receives conditional approval from TSE for securities exchange with CD Plus.com Inc. TORONTO, June 29 /CNW/ - Signature Brands Limited (''Signature Brands'') is pleased to announce that it has received conditional approval from The Toronto Stock Exchange (the ''TSE'') for the acquisition (the ''Securities Exchange'') of CD Plus.com Inc. (''CD Plus'') and related transactions. The transaction is subject to certain closing conditions, including approval of shareholders of Signature Brands at an annual and special meeting of shareholders to be held on July 28, 1999. Subject to adjustments, the transaction will result in current shareholders of Signature Brands holding approximately 8.5% of the equity of Signature Brands, assuming conversion of special shares by CD Plus shareholders. Upon closing of the Securities Exchange, the common shares of Signature Brands will be subject to the reporting requirements of Section 19.09 of the TSE's General By-Law. About CD Plus.com Inc. CD Plus.com operates a Canada-wide network of pre-recorded music retail stores in secondary markets across the country. Currently, the company operates 102 stores nation wide under several trade names including CD Plus, AVE Entertainment, Music Baron and Music City. The company also operates Canada's leading music retailing Internet site, www.cdplus.com, which it acquired in December 1998 as part of the acquisition of the 10-store CD Plus retail chain. The distribution and warehousing facilities are in Winnipeg, North Bay and Toronto. CD Plus.com's Internet site has been in operation for over three years and offers customers national reach and support through the Company's cross Canada retail chain. CD Plus.com management is committed to the growth and expansion of the Internet sales channel and has entered into marketing arrangements with AOL Canada, Canada.com, Bid.com, Sprint Canada, and Altavista.ca (as a part of the Double Click network) and is currently negotiating additional agreements with several other marketing and content partners. CD Plus recently announced that it will be the first on-line retailer in Canada with the capability to offer fully encrypted and copyright-protected music for sale over the Internet, working with Microsoft Canada to utilize Microsoft Windows Media Technologies to sell single music tracks through its Internet site. CD Plus.com is one of the five largest music retailing chains in Canada. The company was established in 1992, when the principal shareholder acquired Rock Entertainment Accessories Inc., then a regional chain of music stores in Northern Ontario. From 1992 to 1999, the company grew through acquisitions, from a small regional chain of 12 stores to its current size of 102 locations across Canada. The company has focussed and continues to focus on those communities where ideally it does not compete with other national music retailing chains. About Signature Brands Limited Signature Brands Limited is a publicly traded company. Its shares trade on the Toronto Stock Exchange under the symbol SBX. In addition, there are warrants outstanding exchangeable into common shares at 50 cents that trade on the Canadian Dealing Network under the symbol SBXB.wt. The information herein has not been approved or disapproved by regulatory authorities -0- 06/29/1999 For further information: Jim Fisher, Director, (416) 946-5591; Frank Fini, Director, (416) 860-8812 -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email.

To: TERRY McCartan who wrote (680)	6/29/1999 8:34:00 PM
From: PROBABILITE	Respond to of 776

It is another good news internet. CD Plus.com is more internet than we think. Thank you TERRY for the news. This news about INTERVU is out from ITVU. It is not out from SBX. Maybe tomorrow. PROBABILITE.