Navarre Corporation Announces Contract Extension with Cleopatra Records
New Agreement Runs Through November 2010
MINNEAPOLIS, July 27 /PRNewswire-FirstCall/ -- Navarre Corporation (Nasdaq: NAVR) a publisher and distributor of a broad range of physical and digital home entertainment and multimedia products, today announced that its Navarre Entertainment Media Division has signed a contract extension with Cleopatra Records for US and Canadian distribution. Cleopatra Records was founded in 1992 by Brian Perera on the philosophy of building a record label run by music fans, for music fans. Today, Cleopatra Records exists at the very forefront of cutting edge music and media. Cleopatra boasts an impressive list of artists which includes but is not limited to Wanda Jackson, Layzie Bone, Johnny Thunders and The 69 Eyes. Cleopatra has an impressive releases schedule for calendar year 2006 from artists such as Layzie Bone, Wu-Tang Clan, Pastro Troy, Makaveli, Loon, Warrant and New Skin. Bob Freese, Vice President and General Manager of Navarre Entertainment Media, commenting on the extension with Cleopatra Records said, "Cleopatra Records' passion for music starts at the very top with Brian Perera. Brain and his team have built one of the leading independent record labels through an impressive list of talented artist across multiple music genres. Given the strong relationship we have with Cleopatra Records we are thrilled to have signed a contract extension with them, especially since we have begun to think of Brain and the crew as being part of the Navarre Entertainment Media family." Brian Perera, Chief Executive Officer of Cleopatra Records commented, "Working with Navarre has been, and continues to be, a wonderful experience. They've helped Cleopatra accomplish its goal of becoming one of the top independent record labels in the USA. The professionalism of their hard-working staff along with the friendly, family atmosphere never ceases to amaze me." About Navarre Corporation Navarre Corporation (Nasdaq: NAVR) is a publisher and distributor of physical and digital home entertainment and multimedia products, including PC software, CD audio, DVD video, video games and accessories. Since its founding in 1983, the Company has established distribution relationships with customers across a wide spectrum of retail channels which includes mass merchants, discount, wholesale club, office and music superstores, military and e-tailers nationwide. The company currently provides its products to over 19,000 retail and distribution center locations throughout the United States and Canada. Navarre has expanded its business to include the licensing and publishing of home entertainment and multimedia content, primarily through the acquisitions of Encore, BCI, and FUNimation. For more information, please visit the Company's web site at http://www.navarre.com . About Cleopatra Records Cleopatra Records exists at the very forefront of cutting edge music. Continually looking forward but never shying away from the past, this indie juggernaut's roster boast a wide array of artists such as WANDA JACKSON, LAYZIE BONE, JOHNNY THUNDERS and THE 69 EYES just to name a few. Established in 1992 by BRIAN PERERA, the philosophy at CLEOPATRA RECORDS is simple: A Label Run By Music Fans For Music Fans. While many other independents have fallen to the wayside, Cleopatra has managed to become one of the premiere independent record labels in the world while also branching out to encompass all genres of music and media.
SOURCE Navarre Corporation
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