WavePhore Signs $Multi-Million Deal with AEI Music
PR Newswire - July 30, 1998 07:46
WavePhore Networks to Provide More Than 10,000 Satellite Receivers Over Two Years
SALT LAKE CITY, July 30 /PRNewswire/ -- WavePhore Networks, a business unit of WavePhore, Inc., (Nasdaq:
WAVO) announced today that it has signed a two-year, multi-million dollar agreement with AEI Music Network Inc., of
Seattle, to provide more than 10,000 satellite receivers for AEI and its affiliates throughout the world.
"AEI is a very important customer for WavePhore and has been buying receivers from us for more than eight years," said
David E. Deeds, Chairman, President and CEO of WavePhore, Inc. "We view this agreement as an additional vote of
confidence for our equipment and services."
The receivers will provide a variety of music and in-house advertising in retail, restaurant, and lodging facilities throughout the
world on a continuous 24-hour-per-day, 365 days-per-year basis. AEI, which has 130,000 businesses using its service, has
purchased more than 30,000 receivers from WavePhore Networks since 1990.
WAVEPHORE, INC.
WavePhore Inc., (Nasdaq: WAVO), is the global leader in connecting people with compelling information in the office and at
home. The corporation is headquartered in Phoenix, AZ, and composed of three business units: WavePhore Networks,
WavePhore Newscast, and WavePhore WaveTop. WavePhore Networks, the industry leader in data broadcasting, provides
flexible, high-speed data delivery for information publishers to more than 90,000 sites worldwide. WavePhore Newscast is the
Web's premier business infosource for enterprise- wide use. WavePhore WaveTop(TM) is the first free advertising -supported
nationwide data broadcast system to deliver multimedia content to broadcast ready PC's in the home.
Additional information on WavePhore is available via the Internet at wavephore.com, wavo.com, and
wavetop.net and newscast.com
AEI MUSIC NETWORK INC.
AEI Music, the pioneer in the use of original-artist recordings in business music, brings a wide range of music into the business
marketplace and has established itself as one of the world's most progressive and powerful broadcasters of both well-known
and up-and-coming music. Programs created by AEI Music are heard by tens of millions of people every day in more than 50
countries around the globe. The 130,000 businesses playing music from AEI include leaders in the fashion retail, specialty
retail, restaurant and hotel industries, including: The Limited, Eddie Bauer, Gap, Pottery Barn, Red Lobster, Olive Garden,
Starbucks, Hyatt Hotels, Hilton Hotels and many more. Additionally, AEI is one of the foremost authorities on the design,
integration and installation of commercial sound and media systems.
Certain of the above statements regarding WavePhore constitute forward-looking statements that may involve risks and
uncertainties. Actual results could differ materially from such forward-looking statements as a result of a variety of factors,
including, but not limited to, technology changes, competitive developments, industry and market acceptance of new products
and services, and risk factors listed from time to time in WavePhore's SEC filings.
SOURCE WavePhore, Inc.
/CONTACT: Mo Gardner, Executive Vice President, COO of WavePhore
Networks, 801-584-2800, Fax: 801-584-2831, mgardner@wavo.com; or Jennifer
Schreier, Director Public & Investor Relations of WavePhore Corporate,
602-952-5500, ext. 239, jschreier@wavephore.com/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 107524/
/Web site: wavo.com
/Web site: wavetop.net
/Web site: newscast.com
/Web site: wavephore.com
(WAVO) |
