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Microcap & Penny Stocks : MXMX MediaX Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Spyder who wrote (832)	12/18/1998 11:39:00 AM
From: Spyder	Respond to of 955

Good News: Business Wire MEDIAX BRINGS LARGE E-COMMERCE SITE 'AMUZNET.COM' ON-LINE OFFERING 260,000 ENTERTAINMENT TITLES ON THE INTERNET CULVER CITY, Calif.--(BUSINESS WIRE)--Dec. 14, 1998--MediaX Corporation (OTC:MXMXD.O) today announced that it will bring its central e-commerce site www.AMUZNET.com on-line before the end of the year. The site will offer its customers over 260,000 titles of pre-recorded music on CD, video and DVD from all major record labels and studios and over 4,000 independent music labels for purchase online at www.AmuzNet.com. The MediaX e-commerce site has been designed to process and fulfill all on-line customer orders automatically and with the most secure credit card processing method on the Internet available today. All maintenance of inventory and processing of orders will be handled by one of the world's largest entertainment product fulfillment providers for Internet and Direct to Consumer Business, the largest one-stop supplier to the music industry, with MediaX receiving 100% revenue credit on sales. MediaX's customers will be able to order product 24 hours a day through the Internet or by calling MediaX's 1-800 line. MediaX expects to fill and average of more than 94% of customer's orders immediately. The launch of this large e-commerce site, combined with other on-line activities, which are already producing revenues, will allow MediaX to provide a similar inventory of entertainment titles (excluding books) as Amazon.com, CDNow and Musicboulevard at competitive prices. The Company expects to generate significant revenues off its e-commerce site during 1999. Our 1999 business model forecasts revenues over $3 million from the sale of CD's. MediaX has begun implementing a unique approach to marketing and promoting Amusenet.com to generate high traffic (hits) and strong conversion into sales, while controlling cost at the same time. Using its own network of celebrity sites such as www.RodStewartLive.com as "portal" sites into MediaX's e-commerce, high hit rates are guaranteed right from the beginning. The Rod Stewart site had close to one million hits within its first six weeks, and continues to run at a very strong rate. As part of the constant integrated marketing campaigns for its celebrity sites, MediaX has just produced the first transatlantic live webcast of Rod Stewart performing live from Earls Court in London, to drive traffic to the Rod Stewart site and the central e-commerce site. Other substantial related developments to be announced next week. For an investor package please contact TC Group at 419-991-6611. Founded in 1996, MediaX Corporation is an award-winning developer and publisher of multimedia entertainment software. The company also produces and publishes new media entertainment content for entertainment companies and is an e-commerce provider, offering more than 260,000 entertainment titles on-line at www.amuznet.com . Please visit our official Rod Stewart web site www.RodStewartLive.com and www.BigBrother.com. Headquartered in Culver City, California, MediaX owns an operates a digital production facility in Santa Cruz, California. For more information about this and other developments please visit www.MediaX.com. --30--gaa/mi* CONTACT: MediaX Corp., Culver City Gwenivere Snyder, 310-815-8002 ext.24 or Investor Relations: TC Group, 419-991-6611 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire