(PLNT) Aristo International Renamed PlayNet Technologies Inc.NEW YORK--(BUSINESS WIRE)--Nov. 19, 1996--Aristo International Corporation announced today that it has changed the company name to PlayNet Technologies Inc. The company's NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Smallcap listing will now be "PLNT PLNT Plant ." It was formerly "ATSP ATSP American Tree Sparrow ATSP Asymmetric Traveling Salesman Problem ATSP Association of Telemedicine Service Providers ATSP Advanced Technology Support Program (precompeted umbrella contracting vehicle) ." Led by a team of industry leaders including video game pioneer Nolan Bushnell Nolan K. Bushnell (born February 5, 1943) is an American electrical engineer and entrepreneur who founded both Atari and the Chuck E. Cheese's Pizza-Time Theaters chain. , PlayNet Technologies Inc., designs and develops global, networked entertainment. The company has also renamed the three products in its new line of pay-per-play Internet entertainment for hospitality venues such as sports bars, restaurants and hotels. "We're providing a whole new world of play," says President and Chief Executive Officer Mouli Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , "and we want to convey that message in every communication about the company. We're also creating the `global party' through worldwide tournaments." -0-
The new product names, respectively, are:
-- PlayNet, a compact, countertop unit that allows game play as
well as other Internet functions such as e-mail, chat and
information services;
-- PlayNet Music, a 21st century jukebox with access to
thousands of music titles via the Internet; and
-- PlayNet Team, the first pay-per-play interactive system that
allows teams of up to four players each to compete against
each other in sports games in the same or different
locations.
-0- Following the formal debut of its products at a trade show in Dallas in late October, the company plans a national rollout during first quarter 1997. PlayNet Technologies Inc., is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and has production studios in San Francisco and Sterling, Va. CONTACT: PlayNet Technologies Rita Zimmerer, 212/586-2400 or Torme & Kenney Steven Freemire, 415/956-1791 |
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