ACTV Licenses Patented TV-Internet "Bookmarking" Technology to Evolve Products, Inc.Business Editors/High Tech & Multimedia Writers NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and IRVINE, Calif.--(BUSINESS WIRE)--April 26, 2000 Using ACTV's Patented Technology, Evolve Products to Create First TV Remote Control for the Convergence of TV and the Internet ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television , Inc. (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 : IATV), today announced that it has licensed, on a non-exclusive basis, its patented TV-Internet "bookmarking In genetics and epigenetics, bookmarking is a biological phenomenon believed to function as an epigenetic mechanism for transmitting cellular memory of the pattern of gene expression in a cell, throughout mitosis, to its daughter cells. " technology to Evolve Products, Inc. for integration into its Second Screen(TM) universal remote controls. Evolve will pay ACTV a licensing fee for every remote control it manufactures which utilizes ACTV's technology. Evolve's remote controls incorporating ACTV's bookmarking ability are expected to be distributed nationally by e-tailers and major consumer electronics outlets such as Best Buy, Circuit City, Sears, and Fry's in time for Christmas 2000. Utilizing ACTV's bookmarking technology, Evolve's remote control will enable viewers to save addresses of Web pages (URLs) that are related to TV programming and view them later at Evolve's companion Web Site. Evolve developed its universal remote control to deliver highly customized content and advertisements based upon consumer demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. , TV viewing habits, and requests made while watching TV programs. Kevin Liga, ACTV's Chief Technology Officer, noted, "This relationship is another example of our technology being implemented into a rapidly expanding marketplace, and another indication of how we are using our strong patent portfolio to create new revenue streams for our company." "We plan to offer consumers a powerful, yet familiar way of converging TV and Internet experiences," said Frank O'Donnell Francis Joseph "Frank" O'Donnell (August 31 1911 — September 4 1952) was a Scottish professional footballer. He was the older brother of fellow footballer Hugh O'Donnell, who also played for Blackpool and Preston North End. , President and COO, Evolve Products, Inc. "We came to the conclusion that ACTV offered the best solution to our needs and are excited about moving forward with them." ABOUT EVOLVE PRODUCTS, INC. Evolve Products, Inc., based in Irvine, CA, has developed the Evolve Remote control, featuring a Second Screen(TM), which provides an ideal way for TV viewers to simply click on items of interest while they are watching TV. These opt-in viewer "clickstreams" allow viewers to get additional information on shows or products at Evolve's companion Web site. Evolve offers consumers a free In Hand Program Guide(TM), Click Opportunity Buttons(TM) to request information easily while watching TV, participation in special contests and sweepstakes and voting in special polls, the ability to win points for frequent viewing of certain programs, and all the functions of a state-of-the-art universal remote control. ABOUT ACTV, INC. ACTV, Inc. (NASDAQ: IATV), with headquarters 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. , has pioneered TV/Web convergence programming with its patented HyperTV(R) software solution. The company also created interactive one-to-one digital television with its proprietary "Individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. TV" software and programming capabilities. ACTV offers superior, practical solutions for television programmers, advertisers, cable operators, educators and consumers looking to leverage the emergence of digital television and the broadband delivery infrastructure. ACTV has relationships with many of the dominant players in the Internet, television and digital technology fields, including key strategic relationships with Liberty Livewire LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Liberty Digital, Inc. (NASDAQ: LDIG) and Motorola's (NYSE NYSE See: New York Stock Exchange : MOT) Broadband Communications Sector. For more information, visit ACTV's Web site at http://www.actv.com or visit http://www.hypertv.com. Disclaimer: This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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