To: Tom Swift who wrote (3886 ) 9/3/1999 11:33:00 PM From: bob sims Read Replies (1) | Respond to of 7056
Hitsgalore.com Partners with CustomDisc.Com To Give Away Free Customized Billboard HITS In CD Format Business Wire - August 27, 1999 14:40 RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--August 27, 1999-- Hitsgalore.com, Inc. (OTC BB:HITT) has announced that it has partnered with CustomDisc.Com the established leader in digitized music customization, to provide the cutting edge technology behind Hitsgalore's newest Portal Service "Free CD Music." CustomDisc.Com will use the same technology for Hitsgalore.com as used for their own flagship product, (http://www.customdisc.com). Hitsgalore.com through its sponsored Portal Services will allow members to select any 5 Billboard HITS (TM) Free, users only pay a small shipping and handling cost billed to them after they receive their free CD in the mail. The Company target date for this new Portal Service is September 1,1999. The Company will also debut its newly re-designed website for its search portal and music site. Company Chairman and Director of Technology Dorian Reed, stated, " We are extremely proud of this new Portal Service because of its universal appeal. The Billboard HITS (TM) , featuring music form the 50's, 60's, 70's, 80's, and some 90's, fit our user and sponsor demographics perfectly". The music library Hitsgalore.com will offer initially features more than 4,000 Top 100 Billboard HITS (TM). The Company plans to expand the number of free selections and offer additional music genres, including: blues, classical, country, jazz, and pop/rock. Reed continues, "we believe Hitsgalore.com will have a favorable impact on record labels, artist and the way music is sold or acquired over the Internet. Unlike MP3 and other downloadable technologies that can result in huge losses in royalties to record labels and artist due to piracy issues, Hitsgalore.com sponsor model assures that everyone gets paid and that users get what they want free, in a universal format, without pirating it." Hitsgalore.com (http://www.hitsgalore.com) generates revenue and profit from its unique business model of giving away free banners, lifetime banner placement, and other Portal Services. The Company believes its business model compares favorably with other Internet music portals such as MP3.COM INC. (Nasdaq:MPPP), Musicmaker.COM INC. (Nasdaq:HITS), CDNOW INC. (Nasdaq:CDNW), Liquid Audio INC. (Nasdaq:LQID),and search engine companies such as Lycos, Inc. (Nasdaq:LCOS), Excite, Inc. (Nasdaq:XCIT), Infoseek Corporation (Nasdaq:SEEK) and Yahoo! Inc. (Nasdaq:YHOO). The Company generates revenue from its Keyword Bid & Rank program, sponsorships of Portal Services, and Local City Editions featuring local content. Hitsgalore.com strives to provide porn-free searching and does not accept or encourage any porn or adult-content listings on its site. Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Hitsgalore.com, Inc. intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. CONTACT: Hitsgalore.com, Inc., Rancho Cucamonga Danny Gavin, Investor Relations 800-300-5388 investor@hitsgalore.com