I think we are getting closer to NAVR,s I.P.O.. Still holding and liking it! Here is some news.
NetRadio Network Announces Two Additions to Its Board of Directors
MINNEAPOLIS--(ENTERTAINMENT WIRE)--Jan. 7, 1998--NetRadio Network today announced the appointments of Jim Caparro, Chairman and CEO of Def Jam - Mercury/Island Records Group and Marc Kalman, currently of Chancellor Media, to the NetRadio Network Board of Directors. NetRadio is a majority owned subsidiary of Navarre Corporation (NASDAQ:"NAVR").
Jim Caparro has over 25 years management experience in music product distribution sales, marketing, administration and operations. Caparro previously served as President and Chief Executive Officer and Executive Vice President of PolyGram Distribution (PGD), and Senior Vice President of National Sales and Branch Distribution for PolyGram Records. During his tenure with PGD, Caparro was responsible for the Independent Label Sales division, PolyGram Video, PolyGram Merchandising, PolyMedia and PolyGram New Technologies. Under Caparro's leadership, PGD became one of the largest and most respected music distribution companies in the United States. From 1994 through 1998 PGD was the recipient of the National Association of Recording Merchandisers Distributor of the Year award.
Eric Paulson, CEO of Navarre Corporation and NetRadio Network stated, "Jim Caparro's record speaks for itself. He consistently has been one of the top performers in the distribution of music and with his expertise in distribution adds the highest level of leadership and input as we continue to build NetRadio. We are thrilled to have Jim on the NetRadio Board of Directors."
Marc Kalman, with Chancellor Media, serves as Vice President/ General Manager for KDWB FM, KTCZ FM and WRQC FM in the Minneapolis/Saint Paul market. Kalman is serving his 6th consecutive year on the Minnesota Broadcasters Board of Directors. During his tenure, KDWB FM has received two Marconi awards for Contemporary Hit Radio station of the year, the Crystal award for community service, as well as eight radio best awards being one of the top contemporary hit radio stations in America. Kalman has worked in the radio business since 1968.
Eric Paulson added, "Marc Kalman contributes 31 years of successful, award winning expertise in radio programming, sales, promotion and marketing as a Board member. We are extremely excited that Marc will be available to lend his expertise in radio broadcasting to NetRadio."
NetRadio Network (http://www.netradio.net) produces and delivers music, information and original programming to the Internet community on a 24 hours-a-day, 7 days-a-week continuous basis. Launched on November 1, 1995 with multiple channels to choose from, NetRadio was the first Internet-only "radio" network, and now has more than 120 unique channels of on-demand music, news and information. CDPoint(TM) (www.cdpoint.com), NetRadio's proprietary and fully integrated online music retail store, with more than 250,000 available titles, allows listeners to enjoy music and then simply click their mouse to immediately buy what they are enjoying in real-time. SoftwarePoint (www.softwarepoint.com) provides visitors the same convenience in purchasing entertainment software products on-line. NetRadio was the winner of RealNetworks' 1998 Streamers Award for "The Best RealAudio(TM) Net-Only Radio" Web site.
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 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.
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 Companies, 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 Navarre Corporation's reports filed with the Securities and Exchange Commission, including its prospectuses, 10K and 10Q filings.
CONTACT:
Dresner Corporate Services, Inc.
Spencer Maus, Director
Allison Gabrys, Manager, 312/726-3200
smaus@dresnerco.com
or
Ketchum (for NetRadio Network)
Ellen Leo, Account Supervisor, 310/444-1354
ellen.leo@ketchum.com
or
Navarre Corporation
Terri Bonoff, VP of Marketing, 612/535-8333
tbonoff@navarre.com
KEYWORD: MINNESOTA
BW1123 JAN 07,1999
5:38 PACIFIC
08:38 EASTERN |
