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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4537)	3/23/1999 2:35:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 57584

TED WAITT APPOINTED TO MP3.COM, INC.'S BOARD OF DIRECTORS; Development Further Asserts MP3.com's Dominance in Digital Music Space SAN DIEGO, March 23 /PRNewswire/ -- Prominent entrepreneur Ted Waitt, Chairman and CEO of Gateway, Inc., has joined MP3.com, Inc.'s Board of Directors further solidifying MP3.com's position as the clear and undisputed leader in the digital music space. (http://www.mp3.com) "MP3.com is leading the revolution in the digital distribution of music and I'm thrilled to play a supporting role. I believe in digital distribution of music, and with more and more consumers and artists flocking to MP3.com, I think that they have only scratched the surface of how people will learn about, listen to and buy music in the future," said Waitt. Under Ted Waitt's steering, Gateway has grown into a multinational, Fortune 500 company with more than 19,000 employees and 1998 sales of $7.5 billion. Waitt, 36, is internationally recognized as one of the leading authorities on trends facing users of technology. "We are pleased and fortunate to have Ted Waitt join our board. His numerous accomplishments clearly demonstrate his brilliance for branding an organization and we are very excited about what he will contribute to MP3.com," said digital music guru Michael Robertson, MP3.com's Founder and CEO. The Webby award-winning MP3.com hosts tens of thousands of songs from many thousands of artists available for download in the wildly popular MP3 audio format. MP3.com has busily championed artists' rights while facilitating many tens of millions of legal downloads (more than 16 million to date). MP3.com harnesses the power of the Internet offering unparalleled marketing opportunities with well over 300,000 daily visitors experiencing the MP3.com site in search of great, new music and news of the ever-burgeoning digital music movement. MP3.com's DAM (Digital Automatic Music) label program enables artists and labels alike to distribute and market their music to a worldwide audience while earning a 50% royalty.