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Technology Stocks : MUSIC STOCKS: HIGH-TECH AND INTERNET- Winners and losers. -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (4)	4/23/1998 6:35:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 179

Rashid, Good to see you here. It figures you are in KTEL. Anywhere people are making big money, you are already there. Just amazing. Though I don't believe many of the new investors in KTEL have ever even heard their music, I have to credit the KTEL company. First and most importantly, they are making an enormous amount of money on the craze. You refer to the possibility of 100/share. What a time to pour some shares into the market. This new injection of cash could put them into a financial position to buy some real record companies or anything else they might want. Also, by declaring a 2-for-1 split, they give current shareholders another reason to hold, while those wanting to get in at a lower price a new opportunity to buy. This should keep them flying high for quite some time. Downside is that by doubling the outstanding shares in the split, shorts will no doubt have an easier time finding shares. Either way KTEL will still come out smelling like a rose, even though they will sell the artificial variety. Rande Is

To: Rashid Garuba who wrote (4)	4/23/1998 7:13:00 AM
From: Rande Is	Respond to of 179

[NAVR] Wednesday April 22, 7:26 pm Eastern Time Company Press Release Navarre Corporation Enters Into Agreement for $20 Million Private Offering of Convertible Preferred Stock Units MINNEAPOLIS--(BUSINESS WIRE)--April 22, 1998--Navarre Corporation (Nasdaq:NAVR - news), a leading national distributor of music, computer software and interactive CD-ROM products, announced today that it has entered into an agreement for the private placement of $20 million of convertible preferred stock units. The private placement is scheduled to close on or about May 1 after the termination of a 10-day notification period to existing shareholders, as required by Nasdaq, and is subject to customary closing conditions. Eric Paulson, Navarre's chairman and chief executive officer, said, ''The capital provided by this private placement significantly enhances Navarre's financial foundation to support our future growth. The infusion of capital was absolutely necessary for Navarre to take advantage of the many business opportunities that we see in both music and computer software. We believe that with our strengthened financial position, Navarre can substantially increase revenues over the next three years.'' Paulson said that Navarre will use a portion of the approximately $19 million in net proceeds to build music inventories to serve new customer needs. ''We have recently signed distribution agreements on two new record labels, and see additional opportunities to support the growth of our music business,'' Paulson said. ''In addition, a portion of the net proceeds will enable the continued funding of our NetRadio subsidiary, while the company considers external funding opportunities.'' The convertible preferred stock unit is priced at $13.125 per share, is convertible into five shares of Navarre common stock after June 30, 1998, and includes a warrant to purchase five shares of Navarre common stock at $3.50 per share. The terms of the private placement were negotiated with investors in March 1998 and pricing was based on the price during the week of March 30, 1998. The company has been in the process of complying with Nasdaq requirements since this date and received approval from Nasdaq yesterday, subject to the Nasdaq shareholder notification requirement. About Navarre Corporation Navarre Corporation is a major publisher and distributor of quality consumer software and entertainment products nationwide. Navarre also owns and operates NetRadio Network, one of the world's largest on-demand Webcasters of originally programmed audio content (www.netradio.net). For further information, please visit Navarre's website at www.navarre.com This news release, as it relates to expectations regarding future sales and profitability, contains forward-looking statements regarding future performance of the company and its products. The company's actual results could differ materially from the estimates made in the forward-looking statements as a result of a number of factors, including the risks and uncertainties inherent in the company's business, the retail market for prerecorded music and consumer software products, customer buying patterns, new and different competition in the company's traditional and new markets and the rate of new product development and commercialization by the company. ------------------------------------------------------------------------ Contact: Swenson NHB Investor Relations Doug Ewing, 612-371-0000 or Navarre Corporation Eric Paulson, CEO Charles Cheney, CFO 612-535-8333