Axion Spatial Imaging Announces Additional Revenue Stream From Sales of iDc GeoOffice Product Into U.S.A. Oil and Gas Markets.EDMONTON, Alberta--(BUSINESS WIRE)--June 14, 1999-- Axion ax·i·on n. A hypothetical boson having no charge or spin and small mass, proposed to explain the existence of certain symmetries of the strong nuclear force. [axi(al) + -on1.] Spatial Imaging Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AXON), a leader in geographical data storage and retrieval technology, today announced that one of its clients, iDc (international Datashare corporation) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :IED Noun 1. IED - an explosive device that is improvised I.E.D., improvised explosive device explosive device - device that bursts with sudden violence from internal energy .TO), expanded its International GeoOffice product line into the USA by signing an agreement with PennPoint of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , wherein it will bundle its GeoOffice information management and analysis software with PennPoint's general well and production data. Axion receives gross royalties on the sales of International GeoOffice; these royalties are expected to exceed $500,000 a year. GeoOffice uses Axion's Advanced Digital Mapping Technologies (ADMT ADMT Active Directory Migration Tool ADMT Air Dry Metric Ton ADMT Automated Data Management Tool ) to display topographic maps with oil and gas data. Axion's integrated technologies allow for large volumes of data to be efficiently stored and displayed quickly. GeoOffice has been referred to as "An Oil Company in a Box." GeoOffice offers over 20 databases tightly integrated with over a dozen analytical applications all available through an easy-to-use GIS-type interface. With Axion's ADMT, GeoOffice provides unprecedented power for the fast generation of high-quality oil and gas prospects. PennPoint is a division of Pennwell Publishing Company who was recently awarded a copy of the Dwight's Energy data general well and production databases as a result of a Federal Trade Commission order to restore competition in the energy information marketplace in the United States. PennPoint will deliver International GeoOffice exclusively as its standard application interface. Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe-harbor" provision of 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. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. |
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