To: Fred Thornell who wrote (22907 ) 4/1/1999 1:02:00 PM From: ztect Respond to of 44908
Interesting forward looking language from the 10-k..... which gives some indication of near term product development... Products and Services Division The Products and Services Division offers consumer products through its customized "My Card" programs. The first of these products, My MusicCard, entitles holders to purchase music CDs and cassette tapes at a discounted prices. Consumers receive the discounts by purchasing membership cards either from the site or authorized distributors, through affinity programs with corporations and retail stores, or as part of fund-raising drives from non-profit organizations. On March 29, 1999, the Company launched its proprietary Internet site, www.myMusicCard.com, which enables consumers to purchase music CDs and cassettes over the Internet at prices lower than major retail or existing online sources.The site offers more than 250,000 music selections from a complete range of artists, and has the most robust searching ability of any music-only site, enabling consumers to search by any combination of artist, title, release date, song name and other criteria. The myMusicCard.com site will soon offer video DVDs and other related products, as well as links to other companies to provide Digital Downloading as well as customized compact discs. The My MusicCard program is the first of many proposed products that will be available to clients through the "My Card" Program. The next product the Company intends to launch is the "My PhotoCard". The Products and Services Division has begun operations thorough two wholly-owned subsidiaries: My MusicCard Company and My Card, Inc. To handle order fulfillment of current and future products, the Company uses third-party fulfillment houses and also plans to develop its own fulfillment facility in California.