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AtomFilms Attracts $20 Million

Monday, December 13, 1999, AtomFilms, a leader in next-generationentertainment, announced that it has inked a deal with investors totalingUS$20 million in financing. This signing marks the end of a second round ofstrategic financing led by Chase Capital Entertainment Partners LLC andChase Capital Partners, and joined by Arts Alliance, Frank J. Biondi Jr.,general partner at WaterView Partners and former chairman and CEO ofUniversal Studios, Intel Corp., and Trans Cosmos USA Inc. "This round offinancing is significant to our efforts in expanding into new markets andbuilding the next big entertainment brand," said Mika Salmi, founder andCEO of AtomFilms. "We are continuing to expand our scope of distributionand are aggressively pursuing more traditional venues for promotion ofshort form entertainment." The first round of financing in May 1999 was ledby Art Alliance and joined by Warner Bros. On-line, officers and employeesof Allen & Company, and Frank J. Biondi Jr. AtomFilms is based out ofSeattle, Washington and launched its site in March 1999.

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