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Microcap & Penny Stocks : Cool Entertainment (CULE) -- Ignore unavailable to you. Want to Upgrade?

To: burner who wrote (305)	5/5/1999 9:29:00 AM
From: burner	Read Replies (1) \| Respond to of 488

Wednesday May 5, 9:04 am Eastern Time Company Press Release Cool Signs Distribution Agreement With Valley Media for Website Retail Sales BELLEVUE, Wash.--(BUSINESS WIRE)--May 5, 1999--Cool Entertainment, Inc. (OTC BB:CULE) is pleased to announce a 2-year distribution agreement with Valley Media, Inc. (Nasdaq:VMIX - news), to provide a wide range of entertainment products, with a stock of over 250,000 titles for CD, cassette, Video, DVD, and Video Game sales to customers. Cool Entertainment, Inc. can be viewed at www.coolent.com and Valley Media, Inc. at www.valley-media.com. Valley Media 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 Woodland, CA. Valley Media has also been awarded the National Association of Record Merchandisers 1998 Wholesaler of The Year Award for its sixth consecutive year as an industry leader. ''We are very pleased to have this opportunity with Valley Media,'' says Cool Entertainment president, Clement Lau. ''This alliance helps further our objective to offer a broad spectrum of entertainment products to customers through a unique platform. It also helps to secure our North American presence and provide users with the most efficient, cost-effective method of purchasing products with direct warehouse-to-customer shipping, a multi-million dollar industry, which appears to be growing.'' The Company expects the website to be fully operational by summer, 1999. Cool Entertainment management is developing a comprehensive, entertainment retail website offering a wide range of products including books, CDs, DVDs, videos, video games and software, breaking into the market challenging companies such as CDnow (Nasdaq:CDNW - news), N2K (Nasdaq:NTKI - news), Amazon.com (Nasdaq:AMZN - news), Time Warner (NYSE:TWX - news). The website will also contain value-added services including celebrity interviews, book reviews, online chat rooms, online games, and free email accounts. Cool management is currently exploring additional distribution networks in Europe, Asia, Australia and Latin America. This press release may contain 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, including, without limitation, continued acceptance of the Company's products, subscriber growth, product demand, competition, and other risks and uncertainties detailed from time to time in the Company's periodic reports. -------------------------------------------------------------------------------- Contact: Cool Entertainment Inc., Bellevue Clement Lau, 425/688-2997 or 888/603-8833 -