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Music http://biz.yahoo.com/e/031014/ktel.ob10-k.htmlc

Sales in the music segment were $4,454,000 for the year ended June 30, 2003 compared to $3,757,000 for the year ended June 30, 2002, an increase of 18.6%. The increase was primarily related to increased sales to Handleman who became a customer late in the prior year and to an increased number of products available for sale during the most recently completed year.

Looks like K-tel is now selling drugs

1. BUSINESS AND LIQUIDITY

K-tel International, Inc. (the “Company” or “K-tel”) was incorporated in 1968 and currently has its corporate offices located in Plymouth, Minnesota. Through its operating subsidiaries, K-tel licenses its music catalog internationally and markets entertainment products mainly derived from its catalog through retail and direct response marketing channels in the United States and Europe. The Company has a focused method of distribution that targets the strengths of fewer individual retailers and supplies products suited to each retailer’s needs. These new products are derived mainly from the Company’s master recordings music catalog with the objective of realizing more competitive profit margins. K-tel seeks to license its trademarks to other companies in businesses unrelated to K-tel’s current operations. Licenses are granted for a royalty or fee, with no cost to the Company. The Company has licensed certain marks to K-tel Drug Mart Ltd., a Canadian direct marketer of prescription drugs beneficially owned by Philip Kives, the Chairman of the Board, President and Chief Executive Officer of K-tel. K-tel Drug Mart, which recently began operations, offers prescription drugs from its pharmacy in Canada to persons in the United States. K-tel is merely a licensor of its mark to K-tel Drug Mart. To date, K-tel Drug Mart’s operations have not generated any significant licensing revenues for the Company.

http://www.kteldrugmart.com/
K-tel International is the original pioneer of the advertising success of today’s infomercial. In 1962, K-tel was one of the first ever to sell quality household products via television. By 1966, compilation music albums were added to the millions of products sold worldwide through the wonders of K-tel’s TV advertising. The rest is history. K-tel has remained a leader in bringing its customers innovative and affordable quality products.

Now, through an exclusive licensing agreement, with K-tel International Inc. of Canada is offering US residents prescription and non-prescription drugs at a savings of up to 70% or more. All drugs are shipped directly to your home from our licensed pharmacy in Canada, where drug prices are regulated by government review boards. What’s more, with the favorable exchange rate on the US dollar, the savings are even greater!

K-tel Drug Martsm is a Canadian pharmacy licensed in the Province of Manitoba. We are licensed by the Manitoba Pharmaceutical Association and work to ensure that all Manitoba laws and standards of practice are strictly adhered to.

We will fill your prescriptions in the most professional and cost saving manner and sell only the highest quality brand names and generic drugs under government license from the Manitoba Pharmaceutical Association.

We protect all personal information according to confidentiality laws of Manitoba. Your order and credit card number are strictly confidential. Just click on either the 'Order by Fax or Mail' or the 'Order On-line' button and start saving today.

K-tel Drug Martsm is a licensed service mark of K-tel International, Inc.