To: Jenna who wrote (61724 ) 9/16/1999 7:34:00 PM From: puborectalis Respond to of 120523
BGST puzzle parts coming together.......Thursday September 16, 9:20 am Eastern Time Company Press Release BigStar.com Broadens Global Expansion With International Partnership With UK-based BlackStar.co.uk NEW YORK--(BUSINESS WIRE)--Sept. 16, 1999--BigStar Entertainment Inc (Nasdaq: BGST - news), which operates www.BigStar.com (http://www.bigstar.com/), the U.S.'s leading online movie superstore, today announced a strategic customer fulfillment agreement with BlackStar.co.uk, Europe's leading online video store. Under the terms of the agreement, BlackStar will refer its customers who are based in North America and thus require videos in the NTSC format and DVDs to BigStar. Likewise, BigStar will use BlackStar to complete orders for its customers who are based outside the U.S. and require the PAL format. Income on referred sales will be shared between the two companies. David Friedensohn, CEO of BigStar Entertainment, said: ''International partnerships such as this will ensure that we can fulfill the needs of all our overseas customers who visit www.BigStar.com (http://www.BigStar.com) to take advantage of our low prices and access our extensive proprietary content on the movie industry. Our overseas customers will now be able to purchase every video and DVD title available in the U.K.'' Darryl Collins, co-founder of BlackStar, said: ''BigStar.com has a more comprehensive offering and generates higher traffic and sales per visitor than any other online movie superstore in North America. Hence, it is the ideal partner to fulfill the requirements of our U.S customers. At BlackStar.co.uk, we are committed to providing the highest level of customer service - a passion which I know is shared by the team at BigStar.'' BigStar.com recently signed a strategic content and commerce agreement with FortuneCity.com, one of the world's fastest growing global online community networks and the 25th largest Web property in the U.S., and a marketing alliance with America Online (NYSE: AOL - news), the world's leading interactive services company. About Black Star BlackStar is Europe's biggest online video store, bringing an innovative, highly customer-driven approach to the online sale of videos and DVDs. One factor -- customer obsession through constant innovation - lies behind its drive to be a pioneering global force in Ecommerce. Based in Belfast, Northern Ireland, the privately-held company sells every release currently available in the UK. BlackStar.co.uk is on a high growth curve: having been launched early in 1998, it has consistently achieved average revenue growth of 30 per cent month-on-month. Currently, the company has customers in over 100 countries. The Company recently secured second round funding of $6 million from Atlas Ventur. About BigStar Entertainment BigStar Entertainment, (www.BigStar.com bigstar.com is the leading online filmed entertainment superstore in the U.S., based on customer traffic to its Web sites. BigStar.com is exclusively dedicated to filmed entertainment products and sells videos, digital video discs (DVDs) and laserdiscs. This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of BigStar Entertainment. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in BigStar Entertainment's reports and documents filed from time to time with the Securities and Exchange Commission.