Cool Entertainment Expands To Asian Investors.

Business Editors

BELLEVUE, Wash.--(BUSINESS WIRE)--Feb. 17, 2000

Cool Entertainment, Inc. (OTCBB:CULE) is pleased to announce their sponsorship of the Fantasy Investor 2000. NAI Interactive Ltd. (www.na-investor.com) hosts this fantasy stock contest which is designed for potential online investors in the Chinese Community throughout Asia and North America to adapt to the online trading environment and to inform them about the venture capital market.

The Fantasy Investor 2000 contest runs from April 3, 2000 until June 3, 2000 and will be exposed to over 14 million potential investors in such major cities as Hong Kong, South China, Taiwan, Singapore, Vancouver, Toronto, San Francisco, Los Angeles and New York.

Participants in the Fantasy Investor 2000 will be selecting 6 out of 50-80 companies to form their personal portfolio. At the end of the trading day, the earnings produced in their portfolio will determine their position. Investors will also see the Cool Entertainment banner on the game site and will be prompted to view the Cool Entertainment Company Profile that will be posted on www.na-investor.com throughout the duration of the contest. Cool Entertainment will also have a presence in all print media and radio promotions of this contest.

&uot;The Fantasy Investor 2000 contest is an ideal way to expose Cool Entertainment to potential investors in Hong Kong, China and North America and is a unique way of expanding the potential market for Cool Entertainment,&uot; says Clement Lau, President and CEO of Cool Entertainment.

Other major corporate sponsors on the Fantasy Investor 2000 include: KPMG, Netvigator.com (the Internet division of Hong Kong Telecom (NYSE:HKT) and CDNX, Yorkton Securities and Ming Pao.

Cool Entertainment, Inc.

Cool Entertainment (www.coolentertainment.com) is a comprehensive entertainment retail Web site which is offering over 250,000 products including CD's, DVD's, videos, and video games. The Web site also contains value-added services including online games, and free e-mail accounts and other entertainment. Cool Entertainment's goal is to provide an easy-to-use and enjoyable first-class site to consumers in North America and, eventually, the rest of the world. Cool is aggressively seeking additional distribution networks in Europe, Asia, Australia and Latin America.

NAI Interactive Ltd.

NAI Interactive Limited (www.na-investor.com) is the leading Chinese investment web site which specializes in providing micro cap and small cap (venture capital) companies news and information to over 250,000 Internet visitors per month. NAI Interactive Ltd. also provides Internet marketing support through their chained sites www.hkmoney.net and www.sc-investor.com.

This press release may contain forward-looking statements made pursuant to the &uot;safe harbor&uot; provisions of the Private Securities Litigation Reform Act 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.