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To: nokomis who wrote (66474)	10/15/1999 11:37:00 AM
From: debra vogt	Respond to of 120523

SCF - up over 5: Related Quotes SCF 82 +0 delayed 20 mins - disclaimer Friday October 15, 10:15 am Eastern Time Company Press Release The Scandinavia Company Unit Concludes Collaboration Agreement With Microsoft GRAND CAYMAN, British West Indies--(BUSINESS WIRE)--October 15, 1999--The Scandinavia Company, Inc. (AMEX:SCF - news) the owner of Mirror Image Internet, Inc. and other operations today announced that the Company's minority owned affiliate deo.com, Europe's leading music portal for the digital distribution of music over the Internet, has entered into an agreement with Microsoft (NASDAQ:MSFT - news). deo.com will use Microsoft format, Windows Media Audio 4.0 (WMA) for the safe transfer of music over the Internet. In addition, Microsoft will be marketing deo.com on several of its sites both in Europe and the United States. deo.com will also contribute content to the Microsoft site. ``Our collaboration with deo.com enables thousands of users to download music over the Internet. The new features of WMA mean that we have CD-quality, in spite of the size of the downloaded files being only half that of MP3 files. With the help of Windows Media Rights Manager, artists and distributors may gain a better overview of the spread of music, so that unauthorized usage will be more difficult,' said Lars Backhans, Nordic Head of Microsoft Consumer and Commerce Group. ``This is the start of a revolution within the music industry.' The Scandinavia Company, Inc. was recently featured in an article in Investor's Business Daily. About deo.com deo.com is the Internet music portal store of the future. Music sold will be distributed entirely digitally directly to the computer or stereo via securely coded digital formats. The site is a complete on-line music store containing most of the information and services of interest to consumers of music including storing each consumers individual digital music library. deo.com has secured exclusive digital rights to many large catalogs of music from independent record companies in Europe and is actively seeking to expand the number of recording artists and titles it distributes digitally. It is the company's goal to secure 1.5 million titles over the next two years. The company will also market the recordings of unsigned artists for free. The company has the first-mover advantage in Europe and will successively roll out customized sites in each country. About Scandinavia Its subsidiary, Mirror Image Internet, Inc. eliminates the ``world wide wait' by providing content delivery network services that result in faster Internet content distribution, reduced traffic and major cost savings for Internet Service Providers, content providers, and enterprises. By adding a new, high-speed, infrastructure layer to the Internet, Mirror Image is deploying an open network of highly scalable content delivery nodes at key Internet exchange points around the world. This very large global network intelligently stores content close to the end user and powers Mirror Image's caching, streaming and global content distribution services. In addition, with cross connectivity into the local Internet Infrastructure Mirror Image provides fast delivery of content to millions of end users worldwide. The company expects to speed up to 75% of Internet traffic 2 to 10 times. The Scandinavia Company also has various other holding including hotels, real estate, MNW Records Group and investments. For additional information, visit Mirror Image Internet and deo.com on the Web at www.mirror-image.com and www.deo.com. -------------------------------------------------------------------------------- Contact: The Scandinavia Company, Inc, Alexander M. Vik (203) 622-1606