Cool Entertainment Inc. Announces Addition to Board of Directors.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--May 30, 2000 Cool Entertainment Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CULE), announced today that Willie Mounzer has joined its Board of Directors. For the past 19 years Mr. Mounzer is the Vice President of a very successful restaurant chain based 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. with 60 outlets and sales in excess of $200 million. He has been with the organization since it's inception and has been part of the development, positioning and branding of the concept. Mr. Mounzer is also responsible for ensuring the sales and profits of the organization as well as overseeing the recruitment, selection and training of over 6000 employees. He also has expertise in the financing and marketing of new and existing restaurants. "We look forward to using Mr. Mounzer's strengths to help develop, position and brand Cool Entertainment. He will also be an excellent asset in developing the customer experience online", 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. Lastly, as with all directors, Mr. Mounzer will use his base of personal contacts to help support the market and look to acquire additional promotional marketing dollars. ABOUT THE COMPANY 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 offer 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 opportunities in Europe, Asia, Australia and Latin America. For further information, please visit: http://www.coolentertainment.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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