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To: KZAP who wrote (511)4/30/1998 12:32:00 PM
From: rharris  Respond to of 1058
 
PNEC - News! Internet Music Distribution

Thursday April 30, 10:47 am Eastern Time

Company Press Release

Planet Entertainment Announces Agreement with Atlantic
Coast Digital Concepts to Begin Music Internet
Distribution over its Web Site

MIDDLETOWN, NJ--(BUSINESS WIRE)--April 30, 1998--Planet Entertainment Corp.
(NASDAQBB:PNEC) has announced today that it has signed an agreement with Atlantic Coast Digital Concepts to expand its web site in order to aggressively market its proprietary music catalog of over 15,000 titles, as well as an additional 100,000 commercially available titles. The company plans to aggressively market over the Internet and make its catalog available for consumer downloading on home PCs while continuing to seek additional traditional distribution partners
throughout the world.

Atlantic Coast Digital Concepts, headed by Daniel A. Johnson/CEO, specializes in new media technologies and content development. Its clients have included IBM, Time Warner, Sunshine Interactive, Sonicnet and AT&T. Atlantic has recently built the website for musician Joe Jackson and is currently in negotiation with other musical groups that plan to sell direct to consumers via the Internet. Daniel A. Johnson has been one of the pioneers of multi-media enhanced audio CD's.

Planet Entertainment's catalog of master recordings include such artists as The Tokens, Fats Domino, Gladys Knight & The Pips, Percy Sledge, Ike & Tina Turner, Kenny Rogers, Willie Nelson, Waylon Jennings, B.B. King, Johnny Winter, Freddie Fender, Herbie Hancock, Charley Parker, Dizzy Gillespie, Miles Davis, Luciano Pavarotti and many others. Nippon Columbia is releasing 50 Planet Entertainment CD albums throughout the Far East on June 20 under the label of PNEC Groovers.

Joe Venneri, president of Planet Entertainment, stated ''This alliance with Daniel Johnson and Atlantic Coast Digital Concepts will enable Planet Entertainment to enter the arena of Global Internet Music Marketing and consumer downloading, while making our company competitive with N2K, CD-Now and K-TEL.''

Contact:

Planet Entertainment Corp., Middletown
Wallace Giakas, Chairman
732/530-8819
or
Atlantic Coast Digital Concepts
Daniel Johnson, CEO
212/752-2988

More Quotes and News:
Planet Entertainment Corp (OTC BB:PNEC - news)
Related News Categories: computers, enter



To: KZAP who wrote (511)4/30/1998 12:51:00 PM
From: Michael L. Bland  Read Replies (1) | Respond to of 1058
 
KZAP,

Take a look at PNLK. This one is amazing. It was at 5 5/8 two days ago. The MM's have taken it down to 2 11/16 by this morning. Now it's marching back 3 5/16 as I'm writing this. They can't hold it down.

PNLK is the only world wide import/export site on the internet. The concept is right, their story is fantastic. This could prove to be one of hottest stocks I've seen in a long time.(IMO) Take a look at the PNLK thread at Subject 20422 .

Best regards,

Mike