To: SSP who wrote (15397 ) 11/30/1999 1:49:00 PM From: Jim Bishop Respond to of 150070
REDM has news, appears to be one T.A.P. is working in addition to that emailer from last night. Way up today, now getting whacked. VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 30, 1999--Redmond Capital Corporation (OTCBB:REDM - news) has entered into an agreement with Galaxy Motorsports to cosponsor Car 75 with Turner Broadcasting for the 2000 NASCAR Winston Cup racing series. Turner Broadcasting, via Cartoon Network, has been a primary Winston Cup sponsor for the past four seasons. Cartoon Network's character-based car designs have leveraged the world's largest animation library to create innovative merchandising, promotion and corporate initiatives. The Cartoon Network ''Wacky Racing'' program has connected with NASCAR fans through a highly successful trackside merchandise program and mass market licensing program. During the 1999 season, Turner Broadcasting introduced other assets to the race team, including TBS Superstation and its popular franchise Dinner & A Movie, the Atlanta Braves and WCW. Unique car designs of these properties generated additional marketing and promotional extensions. Of the 34 races in the Winston Cup series, Redmond Capital's subsidiary, Redcell Batteries, will appear as cosponsor with Cartoon Network at the Daytona 500 on February 20, 2000 and at Darlington on September 5, 2000. Redcell will appear as the primary sponsor at six major races and will be an associate sponsor for a further 19 races. Redmond Capital expects this association to provide a multitude of opportunities to generate brand recognition for Redcell Batteries as well as corporate recognition for Redmond Capital as it forges a presence in the NASCAR Winston Cup community. The Winston Cup Series will provide the platform for the launch of the Redcell Battery brand. Turner Broadcasting System, Inc., a subsidiary of Time Warner Inc., is a major producer of news and entertainment product around the world and the leading provider of programming for the basic cable industry. Redmond Capital finances and develops companies in the family entertainment multimedia sector. Subsidiaries of the company include Sirius Animation, Shoozoo.com, Cybergarden.com and Redcell Batteries. ''Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the statements in this Release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasting results. These risks and uncertainties include, among other things, volatility of prices, product demand, market competition, and risks inherent in the Company's operations.'' Contact: Redmond Capital Corp. Investor Relations, 604/ 638-1636 1-877-635-5207 toll-free Website: www.redmondcapital.com or Cartoon Network Jim Babcock, 404/ 885-0609