CULE been watching this one, there appeared to be lots of selling the last few weeks, which seems to have stopped.
News out today:
BELLEVUE, Wash.--(BUSINESS WIRE)--May 4, 2000--Cool Entertainment Inc., (OTCBB:CULE - news), announced today
that it has recently revamped the Company's website, completing this phase of development ahead of schedule.
Cool Entertainment's management team continues to meet and exceed the goals it has set for development of its comprehensive entertainment website.
The enhanced Cool Entertainment website offers improved navigation and shopping cart enhancements. The site now automatically provides verification of both the
buyer's city and zip code to ensure accurate and timely deliveries. During the order process, consumers can see how many of each item is in stock, eliminating the
wait for back orders. Cool Entertainment also expanded its search engine features, allowing searches by artist, title, actor, etc., as well as browsing by category for
the music, movies, and games of their choice.
The next phase of site improvements will include an import section and digital downloads. Cool Entertainment anticipates that these new features will be available on
the website by June 1st.
In addition to its other enhancements, the Company also introduced ``Cool Planet,'' an online magazine with world news, entertainment events, and features covering
new games and coming attractions. Cool Planet offers horoscopes, birthday listings, and ``This Day in Music History.'' Included in this issue of Cool Planet is the
fourth installment of ``The Adventures of Pengui,'' for youngsters between eight and 12 years of age.
The newly redesigned site is generating income from ad revenues, thanks to the efforts of its advertising partner, Wise Ads New Media, the Internet's first advertising
network.
``The new look and feel of the Company's website have been well received by our users,'' said Clement Lau, president of Cool Entertainment, Inc. ``We expect that
with the improved search capabilities and the new entertainment features, our already high levels of customer satisfaction will rise as will the number of new users.''
In other Company news, Cool Entertainment recently announced an agreement with amplified.com, the world's leading online fulfillment service for music and video
products. amplified.com will provide digital downloads and custom compilations for the next phase of Cool Entertainment's website improvements.
About Cool Entertainment, Inc.
Cool Entertainment is a comprehensive entertainment retail website with a wide range of products including CDs, DVDs, videos, and video games. The website also
offers value-added services including online games, free e-mail accounts, and other entertainment. The Company has a distribution agreement with MSI Music
(www.msimusic.com) for distribution throughout Europe. Cool Management is currently exploring additional distribution opportunities in Asia, Australia, and Latin
America.
For further information, please visit www.coolentertainment.com or www.charterbridge.net.
Statements about the Company's future expectations, including future revenues, earnings, and transactions, as well as all other statements in this press release other
than historical facts are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.
Contact:
Charterbridge Financial Group, Inc.
Travis Christ
Tchrist@charterbridge.net
www.charterbridge.net |
