EnXnet, Inc. Announces Exclusive Contracts
TULSA, Okla.--(BUSINESS
WIRE)--Oct. 27, 2004--EnXnet, Inc. (OTCBB:EXNT)
announces it has entered into exclusive contracts with OneDisc
Distribution Co., LLC, a Texas limited liability company, and Castaway Record Company,
LLC, a Texas limited liability company, effective October 30, 2004, whereby OneDisc(TM) and Castaway(TM) agrees to buy all their
requirements for DVDPlus®/OneDisc(TM) CDs, DVDs,
SACD, VCR tapes, cassette tapes, vinyl records and all other recordable media
exclusively from EnXnet®.
OneDisc Distribution Co., LLC provides
marketing and distribution services to media production companies, including
Castaway(TM) and InnerSoul(TM). EnXnet®
can produce releases in DVDPlus®/OneDisc(TM), DVD,
CD, SACD, VHS, cassette, vinyl records and other recordable media formats thus
allowing OneDisc Distribution to offer their
clientele a wide range of formats for their music and video releases..
All of the dual-sided
optical discs (DVDPlus®/OneDisc(TM) media purchased
by Castaway(TM) and OneDisc(TM) will be packaged in
the Company's proprietary EnXCase®. This proprietary
product was created specifically for packaging dual-sided optical media in
order to set these products apart from the other CD and DVD products in retail
displays and to reduce in-store theft.
Ryan Corley, President of EnXnet, Inc., had this to say: "These agreements
further our strong working relationship with Castaway(TM) and OneDisc Distribution. EnXnet® is
looking forward to a long relationship which will mutually benefit all
involved."
James Wilson, President of
Castaway Records, had this to say: "We are quite pleased with these
agreements which provide our companies with an assured supply of quality
products."
InnerSoul Records, a division of Castaway(TM),
and OneDisc Distribution is releasing the platinum
R&B group AZ Yet -- THAT B U EP, on DVDPlus®/OneDisc(TM)
along with the debut EP's of Angie Fisher -- CLEF NOTES and Ter'ell
Shahid --
EnXnet, Inc. holds a ten percent (10.0%)
equity interest each in Castaway Record Company, LLC and OneDisc
Distribution Co., LLC. Ryan Corley, President of EnXnet,
Inc., holds a forty percent (40.0%) equity interest each in Castaway Record
Company, LLC and OneDisc Distribution Co., LLC. Mr.
Corley is a Managing Member of OneDisc(TM) and
Castaway(TM).
EnXnet, Inc. is a company that has
concentrated on finding and developing new technologies with great potential
for making positive impacts in the multimedia environment. We are beginning
active commercialization of our advanced products. Our distinctive products
offer our clientele new methods to deter theft, improve listening and viewing
experiences, and present information in useful interactive formats. These
leading edge technologies and related products provide affordable and useful
solutions in their respective applications.
This release may include forward-looking statements from the company
that may or may not materialize.
Additional information on factors that could potentially affect the
company’s financial results may be found in the company’s filings with the
Securities and Exchange Commission.
Contact:
Ryan
Corley
EnXnet, Inc.
11333 E.
Pine
918-592-0015
Fax: 918-592-0016
investor@enxnet.com