eSplice Partners With Iomega for Web-based Entertainment Superstore On Club Iomega.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Dec. 14, 2000 Music, Video, Computer Software And Video Games See video game console. Now Available On Club Iomega eSplice, a wholly-owned subsidiary of Navarre Corporation Navarre Corp. is a distribution and publishing company founded in 1983 by Eric H. Paulson.[1] and is located in New Hope, Minnesota. Navarre owns three subsidiary companies Encore, Funimation, and BCI. References 1. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NAVR), today announced a partnership with Iomega Corporation (company, storage) Iomega Corporation - A storage device manufacturer whose major products are the Zip and Jaz removable disk drives and Ditto tape drives. They became popular with an early product called the Bernoulli Box. (NYSE NYSE See: New York Stock Exchange : IOM IOM See: Index and Option Market ), a global leader in data management solutions. eSplice and Iomega will partner to create a private-label Entertainment Superstore on Iomega's Web site. The Club Iomega Entertainment Superstore will make available more than 500,000 music, video, computer software and video game products for online sale. eSplice also signed a co-marketing agreement with Iomega Corporation and I-Jam Multimedia. The co-marketing agreement will offer "Club Iomega" members exclusive promotional offers from the three companies, including 200 music tracks which will be available for download at no charge from Club Iomega. "The relationship between eSplice, Iomega and I-Jam will benefit all parties, and, most importantly, Iomega's consumers," said Ian Warfield, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , eSplice. "The branded Club Iomega Entertainment Superstore will offer consumers a vast selection of entertainment products in physical and digital form, bolstering Iomega's already strong brand equity and consumer loyalty. And, our three- way marketing agreement will offer customized promotions that will connect Club Iomega with its consumers in a very compelling fashion." "eSplice's offering is an exciting addition to Club Iomega," said Bruce Albertson, President and Chief Executive Officer, Iomega Corporation. "Consumers will have more than 80,000 music titles that can be easily downloaded to PocketZip disks for replay on the Iomega HipZip digital audio player See digital music player, digital media hub and digital media server. . The store will be continually refreshed with new products and unique promotions to draw Club Iomega members back to our site again and again." About eSplice eSplice is a breakthrough provider of private-label entertainment superstores on the web sites of affiliate partners, offering entertainment products including CDs, 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. and VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. movies, software, video games, audio books, digital downloads and digital playback devices. Affiliated partners currently offering eSplice entertainment superstores to their consumer members include Provell, MilePoint, I-Jam and NCBuy.com. For more information, see our Web site at www.esplice.com. About Navarre Corporation Major business groups of Navarre Corporation are its Computer Products Division, which distributes consumer software to retailers nationwide, its Independent Music Distribution, which distributes independent music labels in the U.S. and Canada, Alternative Retail Markets, which distributes major label music to non-traditional retail outlets, and DVD Home Video products. Navarre operates a business-to-business Internet web site www.navarre.com. Navarre also has an ownership position in NetRadio Corporation. About Iomega Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(R), Jaz(R) and PocketZip(TM) drives and disks, the HipZip(TM) digital audio player, the FotoShow(TM) digital image center, LifeWorks(TM) software, and Iomega Quik Sync 2 software; Iomega also markets Iomega CD-RW (CD-ReWritable) The only rewritable CD technology. CD-RW disks look like other CD media, but with close inspection, they have a more polished surface with a very dark blue-gray cast. drives. Iomega's products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com. The statements in this press release that are not strictly historical are "forward looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 212E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbors created by these sections. The forward looking statements are subject to risks and uncertainties and the actual results, including developments in the retail and consumer markets for prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. music products and computer software products, retail consumer buying patterns, new and different competition in the Company's traditional and new markets, the Company's dependence upon seasonality in its business, the Company's ability to attract and retain large retail customers that account for a significant part of its business, the Company's ability to successfully act as distributor to on-line retailers, the Company's ability to manage its inventory, the Company's dependence upon recording labels and artists, the Company's ability to react to changes in the distribution of software and prerecorded music and the Company's ability to successfully defend itself against litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The Company undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release. |
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