[0] Cool Entertainment Inc. Launches Import Section.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--June 2, 2000 Cool Entertainment Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CULE) announced that, in accordance with its agreement with MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. Music, the Company's import section will be launched today. MSI Music is Cool Entertainment's distribution partner for imports in the US, providing more than 100,000 international titles for the Cool website. Cool Entertainment plans to use MSI's Miami warehouse to distribute imported products throughout the US. In the near future, Cool Entertainment will utilize MSI's Depot 31 for European distribution. This will allow the company to distribute over 300,000 titles to consumers in Europe, Scandinavia, the Middle East and Northern Africa. Digital downloads will be available on the Cool Entertainment Inc. site later this month. Clement Lau, President of Cool Entertainment Inc. stated, "With the launch of our import section, Cool Entertainment broadens its product offerings substantially, bringing a huge selection of imported titles to North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. shoppers. This agreement places the Company in an excellent position to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the projected $750 billion that will be spent over the Internet on entertainment products in the next two years. Through the agreement with MSI, our online shoppers can select from over 100,000 international titles, in addition to the 250,000 products, including CDs, DVDs, videos and video games See video game console. , currently available on the Cool Entertainment website." Rolf Hansen Rolf Hansen (9 October 1906 - 9 May 1980) was a Norwegian long-distance runner who specialized in the 5000 metres. At the 1936 Summer Olympics he finished ninth in the 5000 m final in 14:48.0 minutes. [1] This was his career best time. , VP of operations for MSI, stated, "MSI and Depot 31's combined experience in drop shipping for Internet vendors CDNOW (Nasdaq:CDNW - news), Amazon.com (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) -news) and Tower Records will undoubtedly benefit Cool Entertainment." ABOUT MSI MUSIC MSI offers consumers and retailers a searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features. of more than 100,000 titles. In Europe, MSI distributes through Depot 31, the first Internet fulfillment warehouse established on the European continent. Depot 31 is specifically designed to meet the demands of retailers in Europe, Scandinavia, the Middle East and Northern Africa with one of the world's largest music-related databases (300,000-plus titles). Additional information on MSI Music is available at: http://www.msimusic.com. ABOUT COOL ENTERTAINMENT INC. Cool Entertainment is a comprehensive entertainment retail website, offering a wide range of products including CDs, DVDs, videos, and video games. The website also offers value-added services including online games, free e-mail accounts, and other entertainment. Cool Management is currently exploring additional distribution opportunities in Asia, Australia and Latin America. For further information, please visit: http://www.coolentertainment.com. Statements about the Company's future expectations, including future revenues, earnings and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results and other corporate developments could differ materially from that which has been anticipated in such statements. |
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