Cool Entertainment Announces Addition To Their On-Line Entertainment.Business Editors & High-Tech/Entertainment Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 18, 2000 Cool Entertainment Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CULEE) is pleased to announce the upcoming release of their second on-line game, "Forbidden Flow", on Jan. 26, 2000. This interactive entertainment feature is intended to complement its other Internet game, "The Adventures of Pengui", during the launch of the e-commerce website ( www.coolentertainment.com ). "The Adventures of Pengui" is a pilot game representing the caliber of on-line entertainment that the company will be providing to the public. The on-line game is targeted to children between the ages of 8-12 years. Cool Entertainment is strategically planning for the launch of their "kids section" where products and games are developed specifically for and aimed at a younger audience. Other forms of entertainment are planned and will be included in future releases. "Cool is aggressively seeking other content organizations who can partner with the company to develop a 'rich content environment' and assist in the ultimate goal of becoming an on-line entertainment destination," said Clement Lau, president 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 Cool Entertainment Inc. "Our driving vision is not just to provide a pleasurable shopping environment but to also provide quality entertainment to our visitors." Cool Entertainment's goal to provide an easy-to-use and enjoyable first-class site to consumers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and, eventually, the rest of the world, will be realized on Jan. 26. Business on the Web is rapidly changing. Today's Internet population is increasingly demanding a higher level of interaction and functionality. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Canada Ltd. has been working closely with Cool Entertainment to provide e-commerce solutions and business planning expertise to create a website with an infrastructure that meets these growing business demands. Cool Entertainment customers can expect to receive an outstanding level of service and a secure online shopping experience with access to a wide range of entertainment products. About Cool Entertainment Inc. Cool Entertainment is a comprehensive, entertainment retail website, which will be offering a wide range of products including CDs, DVDs, videos, and video games See video game console. . The website will also contain value-added services including online games, free e-mail See Internet e-mail service. accounts, and other entertainment. Cool Management is currently exploring additional distribution networks in Europe, Asia, Australia and Latin America. For more information visit: http://www.coolentertainment.com Cool Entertainment is designed and evolving with the intent to be a comprehensive, free entertainment website on the Internet. Current sites found on Yahoo (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), America Online (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ), GeoCities (Nasdaq:GCTY), Excite (Nasdaq:XCIT), iVillage Inc. (Nasdaq:IVIL) and Infoseek (Nasdaq:SEEK) have not offered a complete e-commerce and entertainment destination. In addition to IBM Canada Ltd., Cool Entertainment has other key alliances with other high profile companies such as Valley Media (Nasdaq:VMIX) and Muze Inc. Valley Media Valley Media (Nasdaq:VMIX) 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, Calif. The firm continues to be an industry leader and was awarded the National Association of Record Merchandisers 1998 Wholesaler of The Year Award for its sixth consecutive year. Muze Inc. Muze Inc. (www.muze.com), established in 1991, is an organization dedicated to enhancing enjoyment from entertainment products. Today, Muze is an undisputed market leader in providing data sources that include editorial content about music, books, and video. Muze information solutions can be found in more than 14,000 retail locations where they enhance commercial activity for leading chain and independent retailers and on over 60 on-line shopping sites where they are fuelling the interactive on-line revolution in retail entertainment. Cool Entertainment Inc., is currently being featured by Cash Cow Cash Cow 1. One of the four categories (quadrants) in the BCG growth-share matrix that represents the division within a company that has a large market share within a mature industry. 2. Magazine On-Line's emerging OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Website: http://www.cashcowmag.com This press release may contain forward-looking statements made pursuant to 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. 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. |
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