Coolent.com Signs Distribution Agreement With Astral Communications for Internet Sales.BELLEVUE, Wash.--(BUSINESS WIRE)--March 18, 1999--Cool Entertainment Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CULE) is pleased to announce a three-year distribution agreement with Astral (language) Astral - A programming language based on Pascal, never implemented. ["ASTRAL: A Structured and Unified Approach to Database Design and Manipulation", T. Amble et al, in Proc of the Database Architecture Conf, Venice, June 1979]. Communications (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. .A/ACM.B) which will allow "Cool Entertainment" to distribute DVDs, video cassettes and audio CDs on the Internet. Astral has established itself as one of the leading Canadian distributors and marketers of entertainment products, reporting annual sales last year of $326 million. "With the rapid growth in ecommerce, and over 50 million users currently online, the demand for quality products also increases," says Cool Entertainment president Clement Lau. "Our agreement with Astral will prove invaluable -- enabling us to expand our entertainment product selection to online consumers." According to Forrester Research of Cambridge, online retail sales in 1998 were approximately $4.8 billion, double the total in 1997. By 2001, the firm predicts online revenues to increase to $17.1 billion. Cool Entertainment management plans to develop a comprehensive, entertainment retail website offering a wide range of products including books, CDs, DVDs, videos and video games. The website will also contain value-added services including celebrity interviews, book reviews, online chat rooms, online games, and free email accounts. Cool management is currently exploring various distribution networks in Europe, Asia, Australia and Latin America. 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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