Read this press release GLMC is trading around $2.50 even with its partnership with Muze Inc. this just shows how ridiculous it is for GoodNoise to be trading anywhere near $7. Here it is.
Global Media Signs Partnership Agreement with Muze Inc.
Global Media Shows Strength With Signing of Music and Video Database
Partner Muze Inc.
VANCOUVER, British Columbia, Aug. 31 /PRNewswire/ -- Global Media Corp.
(OTC Bulletin Board: GLMC) has signed an agreement with Muze Inc. of New
York, the leading independent source of digital information about music,
books and movies, to include Muze's music and home video content as its
database source for the upcoming Global Media entertainment and sales web
site. The announcement was jointly made today by Michael Metcalfe,
President and Chairman of Global Media and Anthony Laudico, chief executive
officer of Muze. Global Media's corporate web site can be found at
globalmediacorp.com.
"Global Media's decision to provide Muze database content for both movie
and music information will help visitors to make more informed purchasing
decisions," stated Metcalfe. "By incorporating Muze's music and video
database, visitors to Global Media's entertainment and sales web site will
be able to access comprehensive music and video catalog information,
including authoritative descriptions and CD and movie reviews." Global
Media's Vice President of Marketing & Business Development, Winston V.
Barta said: "The Muze database will integrate perfectly with the other
elements of Global Media's back-end system including, inventory,
fulfillment and secure transaction processing as well as front end
components such as graphics, audio and video."
"We are looking forward to helping Global Media provide its online store
shoppers with the most authoritative entertainment information available,"
said Anthony Laudico, CEO of Muze. "Muze's databases are respected
industry-wide as the standard for quality music and video content, and we
are confident that Global Media will sell more products using Muze's
information."
Founded in 1991, Muze (http://www.muze.com) is the leading provider of
digital information, marketing support and technology to a who's who of
online and traditional music, book and video retailers, including the
following: Amazon.com (Nasdaq: AMZN), Barnes & Noble (NYSE: BKS), Best Buy,
Big Star Entertainment, Viacom's (AMEX: VIA) Blockbuster, Borders Group,
Camelot Music, Cdnow (Nasdaq: CDNW), Columbia House, Harmony House,
Hastings, HMV, N2K's (Nasdaq: NTKI) Music Boulevard, The Musicland Group,
National Record Mart, Tower Records, Trans World, Virgin Mega Stores and
The Wall.
Muze's in-store information systems for music, books and movies, and its
advanced digital audio previewing technology, can be found in more than
13,000 locations throughout North America.
In recent years, Muze has leveraged its position as a respected independent
authority for information about books, music and movies with best-of-breed
database and Web technology to offer totally customizable, searchable and
integrated solutions to its traditional and online customers. Prominent
investors include John Kluge and Stuart Subotnik, partners of the privately
held Metromedia Co., and Bob Weir of The Grateful Dead.
Global Media is a multi-media entertainment, marketing and distribution
company. The Company specializes in the distribution of various
entertainment products and services through both established and emerging
channels. Through its subsidiary, Global Media Entertainment, the Company
is currently developing a cutting edge, entertainment oriented web site to
distribute music CDs and Home Videos both in hard copy format and via
online download. The Company will also sell other entertainment related
products such as magazine subscriptions and concert tickets.
Using a combination of Internet, telephone and direct marketing systems,
Global Media has generated in excess of USD 4 million in DTH satellite
sales. Expanding on the sales models of such companies as Amazon.Com and
Cdnow, Global Media will use innovative new revenue models such as
licensing variations of its front end web site for use by third parties on
a revenue sharing basis. By providing turnkey solutions to marketers,
Global Media will multiply the use of its back-end secure transaction
processing and distribution systems to participate in expanded revenue
streams.
Using superior, cost effective marketing strategies, Global Media is well
positioned to take advantage of the emerging online music sales industry
already being targeted by K-Tel (Nasdaq: KTEL) using download and
encryption technology such as that provided by Liquid Audio
liquidaudio.com.
Global Media will be a major participant in the changing paradigm of both
music and video sales and distribution.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and section 21E of the
Exchange Act of 1934 and is subject to safe harbour created by these
sections. Actual results may differ materially due to number of risks,
including: the technological and operational challenges of developing and
deploying the company's abilities to market the services and future
customer acceptance and demand for the services.
SOURCE: Global Media Corp.
08/31/98
CONTACT: Aaron Stone, Senior Account Executive, mailto:astone@gmcorp.net,
or Winston V. Barta, VP Marketing & Business Development, Director,
winston@gmcorp.net, both of Global Media Corp., 888-322-2282.
Web site: muze.com
Web site: liquidaudio.com
Web site: globalmediacorp.com
(GLMC AMZN BKS VIA CDNW NTKI KTEL)
CO: Global Media Corp.; Muze Inc. ST: British Columbia IN: ENT MLM CPR SU:
JVN
|
