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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: profit_guy who wrote (24486)	2/4/1999 7:50:00 PM
From: Teri Garner	Read Replies (1) \| Respond to of 120523

TGLO & NAVR news after the bell. TGLO has been amazing, up again today. I see a pennant forming, reminds me of when LCOS made the leap from 70 to 100+. Thursday February 4, 4:00 pm Eastern Time Navarre Forms Strategic Alliance with theglobe.com to Provide Software Product Fulfillment 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.'' Navarre Corporation operates one of the first ''business to business'' Internet E-Commerce web site www.navarre.com and provides fulfillment for both traditional and E-Commerce retail sites. 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 120 channels of originally programmed audio content at: netradio.net(TM), and its online stores CDPoint (http://CDPoint.com(TM)) and SoftwarePoint (http://SoftwarePoint.com(TM)). theglobe.com www.theglobe.com is one of the world's leading online communities with over 2 million members and over 7.5 million users in the United States and abroad (as of Q3 1998). theglobe.com is setting the standard for online communities by providing members with a wealth of services and content. The intuitive site is designed to foster a user's creative and interactive experience. Content providers for 10 themes of interest (Art, Business, Entertainment, Life, Metro, News, Romance, Sports, Technology & Travel) include Reuters, E! Online, Thomson Investors Network, SonicNet, UPI & Cnet. Member content is promoted in every area of the site, integrated around the abundance of data and news available at the globe.com. By satisfying its users' personal and practical needs, theglobe.com seeks to become their online home. The company's primary revenue source is the sale of advertising, with additional revenues generated through e-commerce arrangements and the sale of membership subscriptions for enhanced services. theglobe.com and globeDirect, are service marks of theglobe.com, Inc.