Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CDWI CD Warehouse -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (103)	9/17/1998 1:11:00 PM
From: Robert Skinner	Read Replies (1) \| Respond to of 550

CD Warehouse Commits to Pre-Owned Music Commerce Site; IBM Selected to Build and Deploy e-business Solution for CD Warehouse PR Newswire - September 09, 1998 07:25 OKLAHOMA CITY, Sept. 9 /PRNewswire/ -- CD Warehouse, Inc. (Nasdaq: CDWI) today announced its plans to develop and launch an on-line community and electronic commerce site to sell pre-owned and new music compact discs (CDs) on the Internet. By implementing an IBM e-business solution, CD Warehouse will launch the largest, pre-owned music CD commerce site on the Internet, just prior to the holiday shopping season. CD Warehouse plans to invest more than one million dollars to establish its on-line community and commerce site, which will be rolled-out in two phases. Consumers will find music selections easily with advanced search functions and enjoy the on-line community created by the chat rooms and bulletin boards. Behind the scenes, the solution will eventually combine the pre-owned inventory from more than 300 retail stores into a master database and route CD orders to the closest store with in stock inventory. "By extending our enterprise to the Internet, CD Warehouse will provide better customer service by offering consumers music selections from our entire inventory and will create synergy among our franchise stores," said James Lee, vice president, Interactive Marketing, CD Warehouse. "IBM is empowering CD Warehouse to be the dominant music retailer on the Internet." About IBM e-business solution IBM is the solution provider responsible for the development and implementation of the CD Warehouse on-line community and electronic commerce site. The IBM e-business solution for CD Warehouse will incorporate IBM Net. Commerce Start merchant server, DB2 Universal Database and MQSeries messaging software. IBM Net. Commerce will enable consumers to conduct searches and secure credit card transactions. IBM DB2 Universal Database will manage business and inventory data and multimedia content. MQSeries messaging software will manage the movement of order and inventory data between the 300 stores. IBM Global Services will build and deploy this new e-business solution and integrate it with CD Warehouse's existing business applications. IBM Global Web Solutions will provide content hosting at IBM server farm facilities on its RS/6000 family of servers. "By becoming an e-business, CD Warehouse will reap the rewards from new market opportunities created by electronic commerce," said Karl Salnoske, general manager, electronic commerce, IBM Software Solutions Division. "CD Warehouse will serve as an example in the music industry due to its unique niche in conducting electronic commerce." About CD Warehouse CD Warehouse Stores buy, sell and trade pre-owned CDs with their customers. CD Warehouse stores also offer a full complement of new release CDs. * Indicates trademark or registered trademark of CD Warehouse, Inc. ** Indicates trademark or registered trademark of International Business Machines Corporation. Other company, product, and service names may be trademarks or service marks of others. For more information about CD Warehouse, go to cdwarehouse.com. For more information about IBM, go to ibm.com. SOURCE CD Warehouse, Inc. /CONTACT: James Lee, Vice President of Interactive Marketing of CD Warehouse, Inc., 405-949-2422, cdwhome@swbell.net; or Bob Schu, or Desmond Towey, both of Desmond Towey & Associates, 212-888-7600, destowey@aol.com, for CD Warehouse, Inc./ /Web site: ibm.com /Web site: cdwarehouse.com (CDWI)