ClearLogic Exec Applies Entrepreneurial Talents; Sina Khelil to lead radiotakeover.com Expansion.Business Editors/Hi-Tech & Entertainment Writers NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com HADDONFIELD, N.J.--(BUSINESS WIRE)--May 24, 2000 ClearLogic, Inc. the e-media solutions company(TM) today announced that its 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. and Founder, Sina Khelil will be taking on the role of President of one of its expansion interests, radiotakeover.com radiotakeover.com, on the web at was founded in late 1999 as a cutting-edge internet broadcasting Internet Broadcasting (formerly Internet Broadcasting Systems), or IBS, is a provider of television station web sites. IBS hosts over 70 local stations' sites, and co-produced NBCOlympics. site, concentrating solely on music by independents and for independents. Located outside Philadelphia, PA in Haddonfield, NJ radiotakeover has already signed over 900 independent bands to MP3 upload See download. upload - /uhp'lohd/ To transfer programs or data over a digital communications link from a smaller or peripheral "client" system to a larger or central "host" one. Opposite: download. , download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. and internet broadcasting agreements, and they have a growing listening base of over 10,000 people today. With its trademark stark black and white graphics and aggressive upfront writing style, radiotakeover.com's initial approach is to offer its listeners access to every genre of independent music online and on-demand. "radiotakeover.com is a small high-energy and high-volume company", said Shawn VanderPoel, who, along with his brother Eric conceived and started the company. "We're musicians and geeks, pretty much equally, and we felt that we had both the ability and interest to freely take the best of independent music out to the web world without the interference that we often saw from the big labels. There's a whole world of totally incredible music available that we felt people would react to. After six months of operation, we know we were right. Our numbers speak for themselves". Added Khelil, "The concept's been proven now. Shawn and his radiotakeover.com team have over 3,000 mp3's in their listening pool, of which over 200 are downloadable. Before any material is released for download, radiotakeover has obtained full permission from the artists, labels, and management. Users can make their own custom broadcast facility on the web with two-hour blocks of time and radiotakeover has produced several successful live streaming concert broadcasts." "Now it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to expand the business model to make a profit--a challenge I welcome", continued Khelil. "I've been an entrepreneur for twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , and all my instincts tell me that Shawn has both differentiated technology and a fresh approach to music distribution and promotion channels in radiotakeover. That's why ClearLogic took an early investment position with Shawn, and that's why I'm going to be working closely with him to take that potential to the next level." ClearLogic's daily operations will continue to be managed by Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and General Counsel Philip Burnham who joined ClearLogic in that role in June 1999. About radiotakeover.com radiotakeover.com delivers independent music from 900 bands and artists through the internet via open and proprietary technologies to over 10,000 regular listeners. It provides a venue for music promotion, purchase, upload, download, playlist A file that contains an index to a selected group of music files on the computer. Using digital jukebox software such as iTunes and Winamp, playlists are created by the user by dragging and dropping titles from a master index. The software may be able to create a playlist automatically. creation, broadcast and feedback directly to the artists. For more information email or visit the web site at http://www.radiotakeover.com. About ClearLogic, Inc. Since 1997 ClearLogic, Inc , the e-media solutions company has been delivering web-based services, software and solutions to clients who need comprehensive front and back-end systems integration, creative new media development and delivery, and network security. ClearLogic provides innovative net-centric services; software; multimedia design and production services to deliver business results via the Internet. NetProof (R), its flagship software product sets price/performance standards for internet-based collaborative proofing and revision tools for all types of media--text, graphics, video, and multimedia. For more information visit the web site at http://www.clearlogic.com or email info@clearlogic.com. Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc market needs and future product releases are 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. within the meaning of 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. provisions 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 forward-looking statements may be identified by use of the words "expects," "will", "anticipate", "intends", "plans" and similar expressions. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those set forth in these forward-looking statements. These risks and uncertainties include, but are not limited to, those described in ClearLogic, Inc.'s Statements on Forms 8-K and 12B-25 and other risks detailed from time to time in ClearLogic, Inc.'s SEC reports. ClearLogic, Inc. disclaims any intent or obligation to update these forward-looking statements. For releases on the World Wide Web, visit www.businesswire.com, or for more information about ClearLogic, Inc. as well as news releases and product information tours, visit the company's Web site at www.clearlogic.com SOURCE: ClearLogic, Inc. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.052400/bb15 |
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