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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (2784)	12/9/1998 7:07:00 AM
From: timroy	Respond to of 90042

Wednesday December 9, 6:04 am Eastern Time Company Press Release Navarre Corporation Unveils Interactive "Business to Business" Internet Commerce Site for Retailers Retailers Can Now "Listen, Click & Purchase" Music CD's, DVD Videos and Computer Software MINNEAPOLIS--(BUSINESS WIRE)--Dec. 9, 1998--Navarre Corporation (Nasdaq: NAVR - news) today unveiled its ''business to business'' interactive wholesale Internet commerce site which provides the Company's retail customers with the ability to ''listen, click and purchase'' music CD's, DVD videos and Computer software for store resale. www.navarre.com allows major retailers to preview the latest home entertainment products, process large orders, make payment arrangements and receive immediate shipment confirmation directly from the Navarre warehouse using the UPC ''state of the art'' based-tracking 14 line Bar Code system. Also through the Resource Center, retailers can access, download and utilize the graphics that are displayed by record labels, movie studios and software publishers to facilitate their advertising requirements. Navarre is a leader in exclusively distributing independent music labels, such as Vonda Shepard's label, Vespar Alley, Kenny Rogers' Dreamcatcher Entertainment and Mannheim Steamroller on American Gramaphone; maintains over 40 percent market share of entertainment software bought through distribution (according to PC Data); releases to alternative retail markets major studio recording artists such as Garth Brooks, Mariah Carey and the Backstreet Boys; and DVD videos. Eric Paulson, President and CEO of Navarre stated, ''Navarre is now a premier wholesale Internet distributor, serving the needs of major retailers in the U.S. and Canada. Today we provide retailers with the same convenience that the individual consumer has had for years, to preview and order the newest music, software and DVD movies over the Internet, but now in the quantities necessary for retail store chains. Our strategic plan has always focused on providing the best possible service to our core customer base, the major buyers of home entertainment products - the retail stores. We feel we now have carved out a piece of the Internet commerce industry - interactive wholesale distribution on the Internet.'' Navarre Corporation's major business groups are: Computer Products Division which publishes and distributes quality consumer software to retailers nationwide; Independent Music Distribution which is the major distributor of independent music labels in the United States and now Canada; ARM which distributes major label music to non-traditional retail outlets; DVD Home Video distribution; and the majority-owned subsidiary NetRadio Network is the premier Internet radio network featuring 150 channels of originally programmed audio content at: netradio.net™, and its online stores, CDPoint (http://CDPoint.com™ and SoftwarePoint softwarepoint.com™. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Statements in this release that are not strictly historical are ''forward looking'' statements which are subject to risk and uncertainty. Investors are cautioned that all ''forward-looking'' statements contained herein may not be reasonable and assumptions could be inaccurate, and should not be construed, considered or assumed as guarantees. The inclusion of such information should not be regarded as a representation or guarantee, by the Company, or any other person, that the objections and plans, stated herein, will be achieved. Unknown factors could cause actual results to differ as well as other risks detailed in the Company's reports filed with the Securities and Exchange Commission, including its prospectuses, 10K and 10Q filings. Contact: Navarre Corporation Terri Bonoff 612/971-2801 Fax: 612/535-3926 Tbonoff@navarre.com www.navarre.com or Dresner Corporate Services, Inc Spencer Maus Allison Gabrys 312/726-3200 Fax: 312/726-7448 smaus@dresnerco.com