DVBS

Description

January 21, 2000 - Los Angeles, CA -- Digital Video Broadcast Systems Inc., announced today that the company's Year 2000 marketing and expansion program into the Asian marketplace has been accelerated with the signing of a two (2) year exclusive product extension and master licensing agreement with Boram C& C Inc. Korea -- one of Korea's leading software, hardware, network and multi-media companies. In order to retain territorial exclusives, Boram must deliver US$40.5 million in royalties to DVBS within a two-year period, commencing three months from the delivery of the technology by DVBS. The territory identified in the Agreement is Asia: Korea, Japan, China, Mongolia, Taiwan, Vietnam, Laos, Cambodia, Singapore, and Malaysia. Under the terms of the Agreement, as Master Licensee, Boram is responsible for maintaining minimum unit sales and revenues. Over a 24-month period, Boram is committed to the sale of 6,250 units of LiveCam TM 1.0 (or upgrade versions) in hardware or software form, plus a combined total of 18,000 units of AfterBurner TM and LiveCam TM.

Geotone Inc., a privately-owned company based in Santa Monica, Calif., develops applications for streaming and serving content and technologies for the Internet and provides services ranging from design to development to media planning. The company focuses on the core areas of instruction, commerce and entertainment.

Mr. Meyer went on to point out that "the computer industry's new business model of horizontal integration promotes intra-competition among the different layers of technologies. Benefits to end-users include significantly more options and lower prices. Our relationship with FICS Networks and Sirex USA is consistent with emerging industry practice as well as with our own marketing strategy. We believe that the best way to see our technologies fully commercialised and in widespread use is to provide clients with maximum choice at affordable prices.

Both have extensive experience in the wireless telecommunications, cable television and Internet service industries.

Digital Video Broadcast Systems Inc. is a wholly-owned subsidiary of Imporex Investments Corporation (NQB: IMVC). Its mission is to develop communication technologies that improve voice, data, image transmission, and reception over the Internet, and on private and commercial Intranets. Among the Company's market-ready innovations are the AfterBurner TM web server, the LiveCam TM streaming video solution, the SDSN TM distributed server protocols, and the U2U TM video-conferencing system. These products are designed to promote multimedia convergence by overcoming current Internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high-quality video and audio content. The DVBS technical team is based in the Silicon Valley, California. Management, marketing, and administrative offices are located in Los Angeles, CA; Seattle, WA; Vancouver and Toronto, Canada; and Seoul, Korea.

Products & services

Similar companies nearby