Metropolis Records Joins DNA.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 that they have signed a national distribution deal with pioneer Industrial/Dance label Metropolis Records Metropolis Records is a Philadelphia, Pennsylvania based record label, distributor, and mail-order store specializing in the electro-industrial, synthpop, futurepop, darkwave, and gothic musical genres. . The Woodland, CA-based DNA is a division of Valley Media, Inc. (Nasdaq: VMIX), a leading distributor of home entertainment product. Metropolis Records, and its affiliate labels Pendragon and 21st Circuitry, are considered to be leaders in the Industrial, Dance, and Electronica music genres, boasting an artist roster with such names as Front Line Assembly, Front 242, Funker Vogt, and Bauhaus. DNA will distribute the entire catalog to the majority of retailers in the United States along with a full slate of new releases, including new sets from Juno Reactor and Fields of the Nephilim Fields of the Nephilim is a gothic rock/industrial band formed in Stevenage, Hertfordshire in 1984. The original line-up consisted of vocalist Carl McCoy, saxophonist Gary Whisker, Tony Pettitt on bass, guitarist Paul Wright and drummer Alexander "Nod" Wright. in the fourth quarter of this year. Dave Heckman, Metropolis Records' founder and president, says about the new distribution deal with DNA, "They are definitely the distributor that we need to move forward and meet our higher sales expectations. I am totally impressed with their organization from top to bottom and they have an exceptional staff. Metropolis is looking forward to working with DNA for a long time to come." Jim Colson, General Manager of DNA, says, "Metropolis is a premier brand name in their genres of emphasis. They are very good at what they do, and we are pleased that they have selected DNA as their new distribution partner." 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, CA, 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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