ANTRA Music Group Through Its RecordsToGo.com Joint Venture With Teltran International, Inc. Announce Agreement With Alliance Entertainment Corp.PHILADELPHIA--(BUSINESS WIRE)--Dec. 2, 1999-- Agreement Immediately Establishes RecordsToGo.com as One of the Largest Databases of Music Titles Available for Sale on the Internet ANTRA an·tra n. Plural of antrum. Music Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). B.B: RECD RECD Received RECD Real-Ear-to-Coupler Difference (audiology) RECD Real Estate and Construction Division (IBM) ) today announced that RecordsToGo.com, its e-commerce joint venture with Teltran International, Inc. (OTC B.B: TLTG TLTG Too Lazy To Google ), signed a fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. and content agreement with Alliance Entertainment Corp. ("Alliance"), one of the nation's largest home entertainment product distribution, fulfillment and infrastructure companies. Under the terms of the agreement, Alliance will provide RecordsToGo.com with an extensive product inventory, consumer direct fulfillment and the integration of The All Music Guide, the most comprehensive music database available. RecordsToGo.com is a joint venture between ANTRA and Teltran International, Inc., a rapidly emerging global provider of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and value-added, next-generation Internet services. Set to launch during the first quarter of 2000, RecordsToGo.com has one of the largest inventories of rare, collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. , and current albums from both the U.S. and overseas, CD's and cassettes for sale on the Internet. In addition, RecordsToGo.com has the latest in MP3 technology for direct downloading into either a computer or other such compatible digital recording services such as banner advertising Banner Advertising A common form of advertising on the internet. The banner is an advertisement of 460x68 pixels, usually placed at the top of the page Notes: For an example, just look at the top of a page on almost any popular web site. and the cross marketing of other related products. The agreement with Alliance establishes RecordsToGo.com as one of the largest databases of both collectible and current music titles available for sale over the Internet. Joseph Marrone, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ANTRA Music Group commented, "We are very excited to have Alliance as a strategic partner to help us achieve our goal of establishing RecordsToGo.com as the world's premier Website for the sale of music and other entertainment products through the Internet. Alliance's vast library of products as well as their expertise in fulfillment and organizational infrastructure will be of immeasurable help to us in meeting this objective." Glenn Rasmussen, Director of Sales, Consumer Direct Fulfillment, Alliance Entertainment Corp. stated, "The combination of Alliance's deep inventory with RecordsToGo.com's hard-to-find and collectible inventory will provide a unique online shopping experience. In addition, the integration of Alliance's All Music Guide, with it vast archive of historical and current music data, will further enhance the RecordsToGo.com user experience." About RecordsToGo.com RecordsToGo.com, which was formed in the Spring of 1999, is co-owned by ANTRA Music Group and Teltran International, Inc. RecordsToGo.com will debut on the Internet during the first quarter of 2000, and will feature one of the largest databases of both collectible and current music titles available in vinyl, CD and cassette formats, as well as the latest in MP3 technology. RecordsToGo.com will also feature a unique active auction site for music collectibles, many of which will be rare, or one-of-a-kind. About Alliance Entertainment Corp. Alliance Entertainment Corp. (www.aent.com) is one of the largest domestic full-service distributors of pre-recorded music, video, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , game and related accessories and a developer of related e-commerce enabling databases and proprietary Web sites. Alliance's core distribution business serves the entertainment industry, supplying both brick-and-mortar stores and e-commerce retailers. Its well-established systems and fulfillment infrastructure provide retail customers with a wide array of real-time fulfillment services and product selections. The company is also a leading content provider through the All Media Guide (AMG AMG All Music Guide (music website) AMG All Media Guide (group of media websites) AMG All Movie Guide (Movie website) AMG Arzneimittelgesetz (German Law) ) databases. AMG's customers license its e-commerce enabling entertainment databases to support their Internet retailing businesses. AMG is also a developer of proprietary Web sites for music (www.allmusic.com), movies (www.allmovie.com), and games (www.allgame.com). About ANTRA ANTRA Music Group, founded by CEO Joseph Marrone, is a rapidly growing music company specializing in urban music. The company operates three divisions: the production and recording of original music under the ANTRA label, music publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. , and the sale of proprietary recorded music recorded music n → música grabada and related items through the Internet, in conjunction with RecordsToGo.com, it's co-venture with Teltran International, Inc. ANTRA's Marrone has been responsible for securing not only the fulfillment center, but also the exclusive relationships that promise one of the largest databases of music titles available. Disclaimer Certain statements made herein that are not historical are forward-looking 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. These statements may differ materially from actual future events or results. The future performance of the Company involves risks and uncertainties that could cause actual results to differ markedly from those anticipated by such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such risks include but are not limited to the following: a limited operating history for the Company; potential fluctuations in operating results; competition; pricing pressure; dependence on third-party suppliers of hardware and software; shortage of modems; dependence on telecommunications carriers; management of growth; limited market; a need for and risks of international expansion; the existence of a new and uncertain market; customer retention issues; rapid technological change, security risks; the risk of system failure; formal licensing and joint marketing agreements; patents and proprietary rights; infringement claims; changes in government regulation; risks associated with providing content including potential liability; dependence on key personnel and need to hire additional qualified personnel; uncertainty of currency exchange rates; need for additional capital; and enforceability of civil liabilities. |
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