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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: SAC who wrote (20175)	7/13/1999 8:33:00 AM
From: Annette	Read Replies (2) \| Respond to of 27722

You must be close to Galveston? Oh...I miss those gulf shrimp.............. This week would be GREAT!

To: SAC who wrote (20175)	7/13/1999 8:57:00 AM
From: KS	Read Replies (2) \| Respond to of 27722

July 13, 1999 08:46 Navarre Corporation Added to Russell 2000 and 3000 Indices MINNEAPOLIS--(BUSINESS WIRE)--July 13, 1999--Navarre Corporation today announced that it has been added to the Russell (R) 2000 and 3000 indices. Chuck Cheney, Executive Vice President and Chief Financial Officer said, "Inclusion in the Russell 2000 and 3000 not only recognizes the dramatic increase in our company's market capitalization, it should also enhance the marketability of our stock. "Our market capitalization has increased more than nine fold in the past year to approximately $250 million. Investors recognize our growing market share in PC entertainment software distribution, our growing list of exclusive label distribution agreements and, more specifically, our strong position in e-commerce." Each year on May 31 Russell ranks the 3,000 largest US stocks by market capitalization. The shares outstanding for each company are then adjusted for corporate cross-ownership and large private holdings. Therefore, according to the Russell Company, the indices include "only the investable portion of the universe segment in which investors can freely transact shares." 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 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 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 Joyce Fleck, 612/535-8333 jfleck@navarre.com or Dresner Corporate Services, Inc. Spencer Maus, 312/726-3200 smaus@dresnerco.com