Audio Book Club, Inc. Signs Exclusive Agreement With Netscape.BOCA RATON, FL--(BUSINESS WIRE)--June 18, 1998-- Provides Audio Book Club With Permanent Bookmark A stored location for quick retrieval at a later date. Web browsers provide bookmarks that contain the addresses (URLs) of favorite sites. Most electronic references, large text databases and help systems provide bookmarks that mark a location users want to revisit in the future. on Netscape Communicator and Exclusive 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. On Netscape Home Page and Net Search Page Audio Book Club, Inc. (AMEX AMEX See: American Stock Exchange : KLB KLB - Known Lazy Bastard ), today announced that it has signed an exclusive agreement with Netscape Communications Corporation (company) Netscape Communications Corporation - (Formlerly "Mosaic Communications Corporation", MCC) A company set up in April 1994 by Dr. James H. Clark and Marc Andreessen <marca@netcom. (Nasdaq: NSCP NSCP National Schistosomiasis Control Program NSCP National Space Communications Program NSCP Native (Mode) Service Control Point (Tandem) ), one of the world's leading providers of open software and services for linking people and information over enterprise networks and the Internet. Under the terms of the agreement, Netscape will include, in upcoming versions of its Netscape Communicator Client Software Browser, a pre-loaded bookmark for access to the Audio Book Club site, http://www.audiobookclub.com. Additionally, Audio Book Club, the first club dedicated solely to audiobooks, will receive banner advertising on the Netscape Netcenter home page and Net Search page on Netscape's Web Netcenter portal site. Commenting on the agreement, Norton Herrick, 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. , stated, "This agreement with Netscape, one of the leaders in the industry, is another example of our commitment and focus on the Company's Internet strategy. Since the beginning of the year, we have signed numerous Internet advertising agreements with the top companies in the industry and we continue to see the positive effects of these efforts as measured by strong membership and revenue growth." Mr. Herrick continued, "We are confident we remain on the right track with respect to meeting both our short and long term goals and look forward to maintaining our leadership position in the audiobook market." Audio Book Club, Inc. is a direct marketer of audiobooks through Audio Book Club, a membership club which markets and sells audiobooks by mail order and the Internet. Since commencing operations in January 1994, the Company has engaged in an aggressive membership recruitment program to establish a core Audio Book Club member base of over 320,000 members and to continually expand its member base. This release is covered under the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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: Certain information included in this release that are not historical facts are forward looking statements that involve a number of known and unknown risks and uncertainties, including but not limited to, the Company's ability to successfully implement a strategy of continued growth and other risks detailed in the Company's registration Statement on Form SB-2 and other Securities and Exchange Commission filings. The Company's actual results, performance or achievements may differ materially from any future results performance or achievements expressed or implied in any forward looking statement.
CONTACT: Audio Book Club
John Levy, Telephone:(973) 539-9528
or
Rubenstein Investor Relations
Jeffrey Volk, Telephone:(212) 843-8086
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