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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: Tim Luke who wrote (6008)	1/7/1999 3:35:00 PM
From: Jules	Respond to of 90042

MGMA real company real profits!! News! Thursday January 7, 3:02 pm Eastern Time Company Press Release Metro Announces Interactive Display with Internet Link to Boost Revenues and Profits CRANSTON, R.I.--(BUSINESS WIRE)--Jan. 7, 1999--Metro Global Media, Inc. (Nasdaq:MGMA - news), a multi-media, mass-marketing enterprise announced today that its wholly-owned subsidiary, Metro, Inc., entered into an agreement with STV Communications, Inc. of Santa Monica, California to produce media centers for their top selling lines of videos and DVDs. These media centers will display 30 titles and have the ability to show a one to two minute preview of any title selected. The unit will also show clips from upcoming titles, along with repeating advertisements of Metro, Inc., its Internet sites and promotions for its other vendors. STV Communications, Inc., a privately owned company, is a leader in providing products and services for electronic merchandising and marketing. They have built award-winning interactive displays for many top national retailers in North America. Metro's Media Centers emerge from the R&D stage and are being unveiled today at the 1999 Consumer Electronics Show (CES) in Las Vegas, Nevada. The Company initially expects to place up to 1,000 units in the marketplace over the year 1999, generating millions in increased revenue and profits. Dan H. Eberly, President and C.E.O. of Metro Global Media stated, ''We expect each media center to generate approximately $15,000 annually with profit margins anticipated to be in excess of 50%. We are also confident that with the advertisement of our web sites and our on-line mall being repeatedly and prominently displayed on these point-of-purchase displays, our revenues and profits from the hot Internet business will continue to flourish.'' To qualify for a media center, a minimum initial order will be required, and a sufficient monthly sales volume in re-orders of either video or DVD product must be maintained. ''We are fortunate that Greg Alves, our Vice President of Operations at Metro's West Coast Facility, was able to negotiate such a potentially profitable, exclusive agreement with STV. This unit will stun our competition and should allow our company to significantly increase our market share. No other company offers such a customer-friendly, captivating, interactive merchandising display, and we are confident this display unit will earn prime space in top retail locations nationwide,'' added Eberly. Jan Brzeski, President of STV Communications, stated that,''We are pleased to be working with Metro, as they have demonstrated a vision to build their brand at the point-of-purchase using technology and interactivity. In addition, Metro possesses the extensive product lines needed to maximize the effectiveness of this unit. It is our experience that sales of titles featured on this type of interactive display should increase Metro's revenues significantly, versus sales of the same product from traditional static displays.'' Updated information can be seen on Metro's corporate web site www.METROGLOBAL.com The preceding statements and projections are forward looking statements and actual results could materially differ from the projections.