To: Dave Gore who wrote (12801 ) 5/1/1998 9:41:00 AM From: DebtBomb Respond to of 34592
ISDN, news out Friday May 1, 7:01 am Eastern Time Company Press Release On-Line Entertainment Network Inc. Sets Exclusive Licensing Agreement With Spring Communications Inc. Deal Provides for Worldwide Audio Netcasts of Spring Communications' Pay-Per-View Events Via OEN's Internet-Based "SongQuest" System LOS ANGELES--(BUSINESS WIRE)--May 1, 1998-- ''Spring'' Concert Area to be Created on the ''SongQuest'' System On-Line Entertainment Network Inc. (OEN), a wholly owned subsidiary of GlobalNet Systems Ltd. (Nasdaq BB:ISDN - news), Friday announced an exclusive pay-per-listen licensing agreement with Spring Communications Inc. to provide worldwide audio netcasts of Spring pay-per-view concerts and other special events via OEN's Internet-based ''SongQuest'' audio-on-demand system (www.oen.com). Visual images from the events will also be featured on ''SongQuest'' during the live simulcasts. In addition, a Spring area will be created on the ''SongQuest'' system. Spring Communications specializes in the marketing, production and distribution of live events through pay-per-view television, interactive and traditional media. Spring pay-per-view events are seen regularly on many pay-per-view services, including Viewer's Choice and USSB (United States Satellite Broadcasting). ''Our association with Spring Communications will not only provide our customers with the ability to access exciting live concerts and special events from around the country, but they will do so while enjoying the highest possible audio quality currently available worldwide on the Internet,'' said OEN's President Ted Mather. ''OEN's 'SongQuest' system provides listeners with the best seat in the house and with the freedom to access events at their convenience even after the initial live netcast.'' ''We are honored to work with OEN to use cutting-edge technology to increase the audience and revenue for performing artists,'' said John Rubey, president of Spring Communications. ''We believe the consumer values quality and convenience when connecting with concerts and special events electronically. OEN offers another media when pay-per-view is not available, such as reaching audiences outside the U.S.'' Through its first-of-its-kind ''SongQuest'' system, OEN features multigenre audio-on-demand and pay-per-listen, including live concerts and other events, popular music recordings and comedy programming under the National Lampoon banner. GlobalNet Systems is a full-service, high-speed all-digital Internet Service Provider, which is also involved in developing a high-speed network for Voice Over IP reduced rate long-distance telephone service on a dedicated network. GlobalNet Systems has headquarters in Chatsworth, Calif., and can be reached via the Internet at www.globalnet1.net. Contact: Gloria Boyce, 818/761-7171