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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (7707)	2/4/1999 5:05:00 PM
From: Maarten Z	Respond to of 56535

MMK- Perhaps the NAVR & TGLO news will help News out at the close. MINNEAPOLIS--(BUSINESS WIRE)--Feb. 4, 1999--Navarre Corporation (Nasdaq: NAVR - news) today announced that it has entered into a strategic alliance with theglobe.com (Nasdaq: TGLO - news). Navarre is a major supplier of software for theglobe.com's e-commerce initiative. theglobe.com is one of the world's leading online communities with over 2 million members in the United States and abroad. In October 1998, over 7.5 million unique users visited the www.theglobe.com. Eric Paulson, President and CEO of Navarre Corporation stated ''Navarre's strength as a market leader in distribution of entertainment software and theglobe.com as an exciting new Internet marketer, provide both companies with a terrific opportunity. Our combined efforts will result in consumers having instant access to the hottest consumer software. We are greatly impressed with theglobe.com unique business model and customer base and are already realizing the benefits of our relationship.'' ''We chose Navarre as a strategic fulfillment partner for our new e-commerce strategy because of their high quality distribution system, in-stock position and customer service orientation,'' said Todd Krizelman, Co-CEO and Co-President of theglobe.com. ''Navarre has tremendous expertise in Internet distribution fulfillment and is rapidly becoming the leading distributor for e-commerce sites.'' Stephan Paternot, co-CEO and co-President added, ''This partnership represents another key element in the e-commerce strategy that we kick started with our acquisition this week of Azazz.com.'' Have to wait and see how market reacts. Good Luck MZ