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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Twibell who wrote (2400)	11/3/1998 6:33:00 PM
From: Keith Sprague	Read Replies (1) \| Respond to of 3203

The president left back in September, so that should be factored into the stock. Here is the complete article... biz.yahoo.com K-tel International Inc. Appoints New President Lawrence Kieves Adds to K-tel His Extensive Operational and Executive Managerial Expertise CALABASAS, Calif.--(BUSINESS WIRE)--Nov. 3, 1998--Philip Kives, chairman and chief executive officer of K-tel International Inc. (Nasdaq:KTEL - news), Tuesday announced the appointment of Lawrence Kieves as president. Larry Kieves, age 50, has held positions as CEO and COO of several public companies in the entertainment industry. ''Larry's operational and strategic expertise will be of tremendous value to us at K-tel. We are pleased that he has joined us, bringing with him years of executive managerial experience in the entertainment industry. Larry will play a key role driving K-tel's continued prominence in marketing through multiple channels, including our Internet operation, 'K-tel Express,''' commented Philip Kives. The newly appointed president added, ''This is a tremendous opportunity to be a part of the innovative music and marketing operations of K-tel. K-tel's well established history, brand name recognition and its forward-looking strategy together combine to offer a tremendous asset which can be leveraged into further growth. I am very excited to play a role in guiding K-tel as the pioneer in music and consumer products marketing.'' Kieves' experience includes positions as COO of Network Event Theater, a large-screen broadcast-theater company which became public in 1996; COO of RKO Warner Video, a large chain of video rental outlets in the New York metropolitan area; COO of L.A. Entertainment, a video, music, and software retailer with more than 100 outlets and CEO of Congress Video Group, a publicly held licensor, manufacturer and distributor of videocassettes. In addition, Kieves has also held several public service positions including Commissioner for the Office of Economic Development of the City of New York, Director of the Office of New York Finance for the U.S. Treasury Department, as well as staff positions in the U.S. Senate and House of Representatives. As the new President, Lawrence Kieves replaces David Weiner, who left the company in September 1998 to pursue other interests. Kieves is a once removed cousin of Philip Kives. K-tel International is a vertically integrated developer, marketer, and distributor of entertainment and consumer products worldwide. The company markets its product lines either to retailers, wholesalers, distributors, or licensees throughout the world, or directly to the consumer via television and other forms of direct response media, including the Internet (www.ktel.com) which was introduced on May 1, 1998. K-tel has active operations in the United States, Canada, the United Kingdom, Germany and Finland. The statements in this news release may contain forward-looking statements relating to future results of the company (including certain projections and business trends) that are ''forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projections as a result of certain risks and uncertainties, including but not limited to, changes in political and economic conditions, demand for and market acceptance of new and existing products, the impact from competition for Internet content, merchandise and recorded music, dependence on strategic alliance partners, suppliers and distributors, market acceptance of the Internet for commerce and as a medium for advertising, technological changes and difficulties, availability of financing and other risks detailed in the company's Securities and Exchange Commission filings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.