Cool Entertainment Offers Thousands of Digital Downloads

Business Wire, July 18, 2000

Business Editors

BELLEVUE, Wash.--(BUSINESS WIRE)--July 18, 2000

The innovative entertainment web Company, Cool Entertainment, Inc. (OTCBB:CULE), announced today that digital downloads of its catalog of thousands of titles are now available, including the theme from the hit movie "Shaft."

Listeners have the option of downloading songs in the formats of MP3, and Liquid Audio. Custom CD compilations will be available on Cool's site later this month.

Through amplified.com, the world's leading online business-to-business fulfillment service for music and video products, Cool Entertainment offers thousands of licensed digital music tracks, digital rights management, and the digital media technology required to deliver both digital downloads and custom compilations to Cool Entertainment's users. The Cool Entertainment site also has a link to the Association for Independent Music that showcases today's hottest independent artists.

Clement Lau, President of Cool Entertainment, Inc., said, "This is just one more way in which we're aggressively addressing other online music purveyors such as CDnow, Inc. (Nasdaq:CDNW), MP3.com (Nasdaq:MPPP), and MusicMaker.com, Inc. (Nasdaq:HITS). We will continue to bring the services and content that our users are seeking."

ABOUT COOL ENTERTAINMENT INC.

Cool Entertainment is a comprehensive entertainment retail website, offering a wide range of products including CDs, DVDs, videos, and video games. The website also offers value-added services including online games, free e-mail accounts, and other entertainment. Cool Management is currently exploring additional distribution opportunities in Asia, Australia and Latin America.

For further information, please visit:

http://www.coolentertainment.com. Cool Entertainment is well positioned to compete for the $750 billion that will be spent over the Internet on entertainment products in the next two years.

Statements about the Company's future expectations, including future revenues, earnings and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results and other corporate developments could differ materially from that which has been anticipated in such statements.