Navarre Corporation Adds SIAM Records to Exclusion Music Catalog

Business Wire, June 21, 1999

MINNEAPOLIS--(BUSINESS WIRE)--June 21, 1999--

Jim Chiado, VP/GM of Navarre Corporation's (Nasdaq: NAVR) music products division, announces today that the company has signed an exclusive distribution agreement with New York-based jazz and world music label SIAM Records. The label will release four to six CD's annually through Navarre, including its first DVD video, featuring Indonesia's New Jakarta Ensemble's Commonality. On August 3, the first four CD's will be released, including Erik Friedlander's Topaz, Armsted Christian's The Wave is Coming, Bakithi Kumalo's San Bonan, and Steve Khan and Rob Mounsey's You Are Here.

Chiado says, "SIAM is founded by some of the industry's most respected veterans who are on the cutting-edge of today's advanced music technology. We welcome SIAM's expertise to the Navarre family."

SIAM's founder and president, Michael Landy, was formerly GRP Record's chief engineer/technical director for 12 years. General Manager Frank Hendricks is also a GRP alumnus, having served as vice president of international for six years and, previously, as director at Sony Music International. Rhonda Foreman, the company's director of sales and field marketing, has over 14 years of combined experience at N2K encoded music, MCA Records and BMG Distribution.

"Like Navarre, we are very excited about the convergence of technologies taking place. We will be releasing some of the most interesting music titles available in both the DVD video format as well as the DVD audio format," adds Landy.

Navarre Corporation operates one of the first "business to business" Internet E-Commerce web sites http://www.navarre.com and provides fulfillment for both traditional and E-Commerce retailers. Navarre Corporation's major business groups are: Computer Products Division which publishes and distributes quality consumer software to retailers nationwide; Independent Music Distribution which is the major distributor of independent music labels in the United States and now Canada; ARM which distributes major label music to non-traditional retail outlets; DVD Home Video distribution; and the majority-owned subsidiary NetRadio Network which is the premier Internet radio network featuring 120 channels of originally programmed audio content at: http://www.netradio.net(TM), and its online stores CDPoint (http://www.CDPoint.com(TM)).