To: Lizzie Tudor who wrote (55153 ) 5/4/1999 8:04:00 PM From: Glenn D. Rudolph Respond to of 164684
Valley Media Announces Contract with Amazon.com BUSINESS WIRE - May 04, 1999 18:18 WOODLAND, CALIF. (May 4) BUSINESS WIRE -May 4, 1999--Valley Media, Inc., (Nasdaq:VMIX) announced today an extension of its wholesale contract with Internet retailer Amazon.com (Nasdaq:AMZN). Under the terms of the contract, Valley will continue its role as Amazon's primary full-line wholesale supplier of music, video and DVD product through March 3rd of 2001. "Amazon has been a key account for our New Media sales division for almost a year now," said Randy Cerf, Valley's Chief Financial Officer. "Because of that fact, we do not expect any dramatic incremental sales as a result of this contract beyond that which will accrue to Amazon's own growth in purchasing. Rather, the agreement simply extends our existing service functions with Amazon and reaffirms our relationship with one of our important business partners. Amazon leverages Valley's deep product selection, data products and exceptional turnaround times. This has been a win-win arrangement for both companies and we are pleased to see this partnership continue." Valley Media, Inc., is a recognized leader in full-line entertainment wholesale distribution, Internet retail fulfillment, independent music distribution and proprietary database products and publications. Valley Media operates facilities in seven states with primary distribution centers in Louisville, KY, and its Woodland, CA, corporate headquarters. Information on Valley Media is available on the web at www.valley-media.com. This press release contains forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, some of which are set forth in the company's Registration Statement on Form S-1, which is on file with the Securities and Exchange Commission. -0- azs/sf* CONTACT: Valley Media, Inc., Woodland Randy Cerf, Chief Financial Officer, 530/661-6600 KEYWORD: CALIFORNIA KENTUCKY INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS ENTERTAINMENT INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com News provided by COMTEX