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To: Logistics who wrote (718)	12/14/1998 10:25:00 AM
From: Tracy Moore	Respond to of 15987

GLMC E-COMMERCE NEWS! Only about 1 million floating... recent RNWK deal, and has run up at least 50% on 3 of last 4 news releases!!! Monday December 14, 9:14 am Eastern Time Company Press Release Global Media Offers 'At No Charge' Entire E-commerce 'Home Shopping Theater' Website Download 'The Store for Free' Marketing Campaign Begins: "We Post It, You Host It, You Make Most Of It" NANAIMO, British Columbia--(BUSINESS WIRE)--Dec. 14, 1998-- Global Media Corp. (OTC BB:GLMC - news; globalmediacorp.com). The Global Media Corp. is now offering to the public an entire website (''Home Shopping Theater'') that will be downloadable over the Internet to anybody who wishes to be selling or aggregating entertainment based products in a completely ''entertaining environment''. Global now has the tools to offer the entire fulfillment (products, delivery, business transaction, audited reports, and up-to-the-minute account balances) to companies and individuals that have only to download the software, market the program and earn revenue. Global management believes very strongly in the resell market program and it's ability to reach critical mass quickly so that businesses who download ''The Store For Free'' will essentially be buying products at the wholesale price for the resell market. This is analagous to long-distance programs. Global Media will earn its revenue on a percentage basis of the completed transaction, which substantially increases ''The Store For Free'' owner's ability to earn. Winston Barta, Vice President of Global Media said ''In a perfect Internet world whereby everyone is shopping as a potential reseller, a whole new creation of competition begins which demolishes old revenue models established by 'bricks and mortar' businesses as well as other online companies that are relying on the old model theory. The consumer will decide who is successful and that is always by price and service. The more stores operating makes this plan very aggressive towards capturing huge market share.'' Global will offer ''The Store for Free'' much like other software giants have offered their packages, browsers, audio and video players etc. Global Media's strategy is to make the accessibility so simple and easy to download that it will appear as a browser to the Home Shopping Theater, marketing all its partners RealNetworks (Nasdaq:RNWK - news), Baker & Taylor, Liquid Audio, Muze Inc., their tools and their products. The service will utilize the RealNetworks system G2 as well as the Real Broadcast Network to create and deliver synchronized audio and video images as well as streams of entertainment information (see website at globalmediacorp.com). President of Global Media, Michael Metcalfe said ''this changes the Internet commerce playing field in a very big way. At absolutely no cost except for a custom front page web design for the licensee and some very minimal band width charges, you will be able to literally go into business overnight after qualifying for the program''. Global Media will assist in the marketing procedure on a ongoing basis within the licensing agreement to further enhance the licensee's opportunity to increase revenue. Monte Burris, Vice President of Corporate Affairs, stated ''management at Global Media has put the last year into developing a program and marketing software that will revolutionize the way business is done over the Internet. This will definitely change the competitive nature of the Internet. One just has to imagine thousands of potential licensees downloading an entire CD, book and video store, putting their name to it using the Global Media brand while co-branding their own site and driving people in an entertaining way that will move more traffic and more purchasing power than what is normally the way of conventional E-commerce. This will be the best of what the Internet offers for a long time.'' The Global Media network will provide books, CD's, videos, streaming video and audio and other related products such as concert tickets, magazine subscriptions and also feature live channels that really talk to the consumers not as a barker but as a source of entertaining information. Global Media is offering a complete end-to-end licensing opportunity to established web retailers as well as start up companies as one of its key competitive focuses. Employing cost-effective marketing strategies, Global Media is well positioned to take advantage of the emerging online entertainment sales industry already being targeted by K-Tel (Nasdaq:KTEL - news), Amazon.com (Nasdaq:AMZM - news), CDnow (Nasdaq:CDNW - news), Music Boulevard (Nasdaq:NTKI - news), Borders (NYSE:BGP - news) and Barnes and Noble (NYSE:BKS - news). Global Media Corp's newly launched online licensing center is currently accepting applications from Web retailers at globalmediacorp.com. The site contains sections dedicated to streaming media (RealNetworks) as well as detailed information on Global Media's business. Global Media's version 1.1 will be available in the first quarter of 1999. Management believes the corporate pre-branding process will be a 90-day campaign which will give consumers ample time to recognize the corporate brand and logo before launch date. The official name for the campaign is ''We Post It, You Host It, You Make Most Of It''. According to analysts, revenues from online shopping will exceed $6 billion this year,with projected sales reaching between $37 and $41 billion in 2002. By the year 2000, according to the Gartner Group, online consumer sales will reach $20 billion: an increase Of 233% over this year's estimated $6.1 billion. Global Media is a fully reporting issuer to the SEC and is listed on Standard and Poor's Corporation Records. The company's audited financials by Ernst & Young as well as the annual report can be reviewed on the EDGAR database at the SEC. The company began trading on August 24,1998, on the NASD OTC Bulletin Board under the symbol GLMC. On behalf of the Board of Directors, Michael Metcalfe Contact: Global Media Corp. Winston Barta, 888/322-2282 winston@gmcorp.net