DNA Signs Sonic Images to Exclusive Distribution Pact.Business Editors & Entertainment Writers WOODLAND, Calif.--(BUSINESS WIRE)--June 15, 2000 Distribution 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. (DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. ) today announced the signing of an exclusive distribution agreement with Sonic Images, a leading label in the Soundtrack, Ambient, and Electronica music genres This list is split into four separate pages: The Sonic Images family of labels, including Sonic Images, EarthTone, and Sonic Images Electronica, were founded by the artist Christopher Franke Christopher Franke (born April 6, 1953 in Berlin) is a musician and composer, originally of the German electronic group Tangerine Dream from 1970 to 1988. He played drums initially, but played synthesizers as the group moved away from its psychedelic rock origins. , formally of Tangerine Dream. Sonic Images was previously distributed by Universal Music and Video Distribution. The catalog consists of numerous soundtrack titles, including music from television series such as Babylon 5, Lonesome lone·some adj. 1. a. Dejected because of a lack of companionship. See Synonyms at alone. b. Producing such dejection: a lonesome hour at the bar. 2. Dove, and the Sentinel. The label also boasts releases from Franke, Mark Snow, and Shadowfax. Key new releases for this year will be EarthTone Collections 3, the third installment of the popular Trance/Ambient series; Icarus, a new Electronica formation from Austria; and a new Best of Babylon 5 collection. Rudy Panke, Executive Vice President of Sonic Images, said, "Sonic Images is very excited about returning to the innovative world of independent distribution. With the changing landscape of the entertainment industry, we couldn't imagine a better fit for us than DNA and Valley Media." Jim Colson, General Manager of DNA, said, "Sonic Images is a solid label with a great sales base. We are confident that we can provide them with personalized attention and a close working relationship with our sales and marketing staff to continue their record of success." Los Angeles-based Sonic Images, founded in 1991 by composer Christopher Franke, has grown over the last nine years into a trend-setting position in the genres of Soundtracks, New Age and World Music, theme-based compilations and most recently Ambient Electronica. The company's philosophy is to combine artistic expression with marketing-driven packaging. Valley Media is a distributor of music, video and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. product offering Full-line distribution, Independent distribution, publications, and proprietary database products. The Company provides fulfillment services for e-commerce in coordination with its affiliate, amplified.com. Valley Media operates facilities in seven states with primary distribution facilities in Louisville, Ky., and Woodland, Calif., where its corporate headquarters are located. Additional information about Valley Media is available at www.valley-media.com. This press release contains 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. These statements are identified by words such as "will," "expects," "anticipates," "plans," or "intends" and by other descriptions of future circumstances or conditions. Actual results may differ materially from those projected in these forward-looking statements. Factors that could affect Valley Media's actual results include, without limitation, risks and uncertainties related to the following factors: Conditions in the online market for music and video; the success of Valley Media's affiliate, amplified.com; customer concentration; and inability to fill certain key management positions. More information about these and other factors that could negatively affect Valley Media's financial performance and the value of its common stock is contained in Valley Media's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . Readers of the 10-K should pay particular attention to the sections entitled "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations" and "Factors Affecting Operating Results." |
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