Advanced Communications Technologies, Inc. - New Acquisition.NEW YORK--(BUSINESS WIRE)--July 21, 1999-- The Board of Directors of Media Forum International, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB -"MFMI") announced today that that it has entered into an agreement with Unilon Proprietary Limited, Australia's only accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. LonWorks Independent Developer to form a new corporation, ACTLON Enterprises Pty. Ltd. The new corporation will market and develop a newly developed "state of the art" suite of products with RF wireless connectivity in the process control/distributed control marketplace. Unilon brings to the new venture an existing suite of wireless and fixed industrial control products, together with some proprietary application technologies. The current Unilon products are based on the three processor Neuron(TM) chip developed by Motorola and the Echelon Corporation Echelon Corporation (NASDAQ: ELON) designs control networks to connect machines and other electronic devices, for the purposes of sensing, monitoring and control. (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 ELON). In choosing to use Echelon LonWorks technology the new products will bring to the industry several key technical features lacking in existing products. Utilizing some new RF Wireless applications, these features include the ability to remotely reconfigure devices on the fly, switch input/output functionality, reload (1) To load a program from disk into memory once again in order to run it. Reload is entirely different than reinstall. Reinstall means that you have to run the install program from a CD-ROM or floppy disk and perform the installation procedure over again. control software and self discover. Self-discovery gives the ability for new devices on the network to automatically install themselves, making installation and future compatibility very easy. The products operate with an open system that is guaranteed to be compatible with all existing competing systems, allowing for seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of the new devices into existing networks. The new architecture is a paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. from existing distributed control networks in that it moves to a polling model with true network architecture. Existing products such as those manufactured by Alan Bradley Alan Bradley was a character in the British soap opera Coronation Street. He was played by Mark Eden. He was famous for being a villain, first moving into the Street in 1986 to find his daughter, Jenny Bradley, who had run away after her mother had been hit and , Yokagawa, Turk, Siemens, Mitsubishi, Siebe all use a traditional control structure using low level signaling. This suite of products will be ideally suited to many industrial and commercial fields, including but not limited to building control, aviation, wineries, factory automation, agriculture, industrial process control, video surveillance, water and power monitoring/control, security systems, and more. The new devices are Java compatible, and can be programmed in a variety of languages. The devices will work with all existing front-end control software, including Citect, Isagraf, Wonderware, and Aimacs. These programming products are available in over 28 different languages, giving the product an instant global market. The higher data rate, faster response times, ease of installation and ability to program the control devices remotely makes these new devices a quantum leap quantum leap n. An abrupt change or step, especially in method, information, or knowledge: "War was going to take a quantum leap; it would never be the same" Garry Wills. ahead of any other competing product in the marketplace today. ACT brings transmission techniques to the venture that allow the new devices to operate at data rates much faster than any existing product on the market today. The global market for these products is estimated at $40 billion dollars annually. ACT owns 70% of ACTLON Enterprises Pty Ltd, and the new company will operate from Advanced Communications Technologies Australian headquarters in Melbourne. The new corporation brings together over 60 years of experience in the process control/distributed control field. Immediate sales are imminent. And the venture is expected to produce substantial revenues during the first year of operations. NEW INTERVIEW - WALL STREET REPORTER - WallStreetReporter.com A new informative interview with the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Roger May, recorded on July 19th, 1999 is now available on the above site. The foregoing contains forward-looking information within the meaning of The Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. |
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