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To: OtherChap who wrote (22678)	10/22/1998 9:27:00 PM
From: llamaphlegm	Respond to of 164685

Thursday October 22, 11:58 am Eastern Time Company Press Release Global Media Downloads Liquid Audio for Internet Distribution NANAIMO, British Columbia--(ENTERTAINMENT WIRE)--Oct. 22, 1998-- Global Media Corp. (OTC BB:GLMC) (http://www.globalmediacorp.com/), is pleased to announce that they have chosen Liquid Audio, the leading developer of secure online music and audio delivery systems, to deliver downloadable music audio content for sale over the Internet. The agreement between Global Media Corporation and Liquid Audio will provide both streaming and downloadable audio content to users of Global Media's distribution website, now under construction. ''Liquid Audio is the leading force in our arena that provides the most efficient, technologically advanced and secure digital distribution systems to online music marketers. This deal will further diversify Global Media's offerings to the consumer marketplace and I am delighted to have their services available through our website,'' stated Michael Metcalfe, President of Global Media Corp. ''Global Media's management team brings a unique marketing concept to online music commerce,'' said Scott Burnett, vice president of marketing for Liquid Audio. ''Liquid Audio shares Global Media's vision for the future of digital distribution of music and our technology is about making this vision a reality.'' Redwood City, California-based Liquid Audio, liquidaudio.com is the first Internet company focusing exclusively in the needs of the professional audio and music industries, providing labels, artists, and production facilities with software tools and technologies to enable the secure online distribution of professional-quality audio. Liquid Audio's technology allows consumers to preview and purchase CD-quality music over the Internet, while ensuring copyright protection and tracking royalties. Formed by veterans of the music industry and professional recording engineers, Liquid Audio is leading the convergence of music and technology to establish the Internet as a new medium for music publishing. Employing cost effective marketing strategies, Global Media is well positioned to take advantage of the emerging online music sales industry already being targeted by CDNOW, Inc. (Nasdaq:CDNW - news), Music Boulevard (Nasdaq:NTKI - news) and Amazon.com (Nasdaq:AMZN - news). By using direct download and encryption technology such as that provided by Liquid Audio (http://www.liquidaudio.com) the company will continue to expand its revenue models and prepare itself for the future of Internet commerce and distribution. ''Recent developments from Real Networks (Nasdaq:RNWK - news), Netscape (Nasdaq:NSCP - news) and other Internet players point to move away from hard copy distribution of media distribution to digital downloading with respect to audio,'' said Global Media's Michael Metcalfe. ''This changing paradigm supports our plan to offer an online entertainment experience that is not only entertaining, but profitable as well.'' Global Media is also positioning itself for online video download sales using high speed Internet access technologies such as those being pioneered by At Home (Nasdaq:ATHM-news). Global Media will offer a complete end-to-end franchise/licensee opportunity to third party Internet marketers as one of its key competitive focuses in targeting established players such as Amazon.com (Nasdaq:AMZN - news) and CDNOW, Inc. (Nasdaq:CDNW - news). Global Media's licensing program will allow businesses to enter the online entertainment distribution market for CDs and videos without having to invest in the sophisticated back-end infrastructure already completed by Global Media. According to analysts, revenues from online shopping will exceed $6 billion this year, with projected sales reaching between $37 and $41 billion in 2002. Market research firm Jupiter Communications cites the strategic value of online sales of commodity products such as CDs, videos, PC software, paper products and event tickets. In 1998, the music and video industries are worth in excess of $70 billion worldwide and will generate more than $200 million in Internet sales revenues. Projections reach in excess of $3 billion in 2002. Global Media is a fully reporting issuer to the SEC and is listed on Standard and Poor's Corporation Records. The company began trading on Aug. 24, 1998, on the NASD OTC Bulletin Board under the symbol GLMC. Global Media has entered into a non-exclusive agreement with FMC Capital to fill its $6 million private placement offering. Information about the company can be found at the corporate web site at globalmediacorp.com. On behalf of the Board of Directors, Michael Metcalfe 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 harbor 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.

To: OtherChap who wrote (22678)	10/22/1998 10:11:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

More shares adding to the float. Glenn, I am surprised you missed this one. Effective today: OC, Sorry I went out to dinner:-) However, this is the prospectus of the same shares filed on October 15, 1998 from foorm S3-A. This does not add more shares to the float that was dadded in the prior filing. This filing is an 424B3 which is for informational purposes only and serves no other purpose then to make an amendment to the prior filing. The amendment was an error made in the number of shares by certain shareholders but the total remains the same. Here is the description of this type of filing: " 424B3: A form of prospectus that reflects facts or events that constitute a substantive change from or addition to the information set forth in the last form of prospectus filed with the SEC. " Here is the description of last weeks filing: "S-3/A: This filing is a pre-effective amendment to an S-3 filing. " Glenn