NEW YORK, NY -- (INTERNET WIRE) -- 08/18/99 -- MCY.com, Inc. (OTC-BB:MCYC) announced its acquisition of global digital distribution rights of noted artists on the prestigious Modern Records (OTC-BB:MDNR) label, adding further distinction to MCY.com's rapidly growing digital catalogue. Under the skillful leadership of Randy Jackson, Modern Records (www.modernrecords.com) has attracted acclaimed artists and risen to prominence as a label of quality. MCY.com will be offering all of Modern Records Stevie Nicks solo albums, including titles never before released. In addition, MCY.com will digitally distribute other Modern Records music including Natalie Cole, Foghat, Jeffrey Osborne's Christmas Album and the long-awaited new release by the Jacksons.

Bernhard Fritsch, CEO and Founder of MCY.com stated,"We are extremely excited to be releasing such amazing artists -- including many tracks that have never been heard before by the public. Our work with Modern Records will be a wonderful demonstration of MCY.com's ability to help artists and labels globally deliver unreleased music with no risk and at next to no cost."

Randy Jackson, President and CEO of Modern Records stated, "This agreement with MCY.com is a major step in our growth strategy. Modern Records already owns a significant catalogue of world class artists. At present we are looking into acquiring other catalogues and producing catalogue from both new and established artists on our label. MCY.com gives us a completely new source of income that had never been explored by Modern Records before. Modern Records is getting involved over the Internet today with MCY.com and a technology we believe will revolutionize global online distribution.

This latest deal gives MCY.com an added advantage in the e-commerce marketplace by providing fans from around the world global access to even more of their favorite artists. Other digital distribution rights acquired under this deal include the debuts of the next generation of new artists that Modern Records is producing and distributing. MCY.com intends to globally showcase and drive sales for these new Modern Record artists through the MCY.com website network and cutting-edge NETrax^™ distribution technology.

MCY.com is a global online retailer of encrypted digital music. NETrax^™ is the proprietary MCY.com technology that prevents illegal downloading and provides copyright protection, rights management and sales tracking for rights owners, including artists, publishers, producers and record labels. MCY.com controls one of the largest exclusive catalogs of retail digital downloads from artists including Bob Marley. Other major music content available on MCY.com ranges from Tina Turner to Louis Armstrong. MCY.com shoppers can purchase digital tracks at rates ranging from $.99 to $1.99.

MCY.com recently made global music history by drawing over 10 million hits to its live cybercast of June 27th's "Michael Jackson and Friends" benefit concert. MCY.com delivered live-streaming of the event through it's alliance with mediaways, a joint venture between Bertelsmann and Daimler-Chrysler's debis subsidiary. MCY provided real-time online chat between fans, artists and celebrity guests.

MCY.com is headquartered in New York City and has offices in Los Angeles and Munich. Additional company background, including executive biographies and press releases, is available at http://mcy.com/press.