Cool Entertainment Inc. -- Update to Shareholders on Development Status.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 6, 2000 (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CULE) Cool Entertainment Inc. (OTC BB:CULE) is pleased to announce that the Company's plans for the opening of its website are on track. Cool Entertainment Inc., is currently conducting extensive analysis of the test site, and anticipates official opening of the site before January 31st, when it will be accepting on-line transactions in conjunction with distribution partner Valley Media (Nasdaq:VMIX - news) and content provider Muze Inc. Valley Media Valley Media 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, CA. Valley Media has also been awarded the National Association of Record Merchandisers 1998 Wholesaler of The Year Award for its sixth consecutive year as an industry leader. Muze Inc. Muze Inc. (www.muze.com), established in 1991, is an organization dedicated to enhancing enjoyment from entertainment. Today, Muze is an undisputed market leader for a source of data and 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, fuelling the interactive on-line revolution in retail entertainment. Cool Entertainment Cool Entertainment is a comprehensive, entertainment retail website, which will be offering a wide range of products including CDs, DVDs, videos, video games See video game console. . The website will also contain value-added services including online games, and 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 Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . For more information visit: http://www.coolent.com 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 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. Cool Entertainment, Inc. 10900 NE 8th Street, Suite 900, Bellevue, WA 98004 Corporate Office: 425.688.2997 ~ Fax: 425.454.4383 Investor Relations Investor relations The process by which the corporation communicates with its investors. : 888.603.8833 |
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