BIFS Technologies Corp. Signs Contract with WHDT Television to Deploy TV+ Internet High Speed Last Mile Internet Delivery Solution to Miami-Dade Viewers.Business Editors/Technology Writers SARASOTA, Fla.--(BUSINESS WIRE)--July 22, 2002 BIFS BIFS Binary Format for Scenes BIFS Built-in Functions (Arithmetic) BIFS Biotechnology Information for Food Safety BIFS Backoff Inter-Frame Space Technologies Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIFT BIFT Bangalore Islamic Foundation Trust (India) ) today announced that it recently entered into a contract with MIG Broadcast Group, Inc., agent and authorized operator of WHDT WHDT Wohlfahrt Haus Dinner Theatre (Wytheville, VA) Television DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. Channel 44 in Miami. The contract allows BIFS to purchase the stations excess digital broadband capacity and to utilize the Companies TV+ Internet last mile solution to provide wireless high-speed Internet delivery to the station's Miami-Dade viewing audience. BIFS Technologies will install and operate the system, with WHDT, providing wireless high-speed Internet access to residents of the greater Miami-Dade viewing area beginning within 90 days. Additionally, via alliance with Triton Communications of Canada, service will initially be available in Spanish, English and Portuguese to better serve the community. Tritoncom.ca provides hospitality services in 140 languages. Al Keyser, Chairman of BIFS Technologies Corporation commented, "we are very pleased with the WHDT agreement and we are looking forward to providing the highest quality, wireless high speed Internet services to the residents of the Miami-Dade region. Despite its predominantly urban setting, Miami-Dade possesses a considerable percentage of its population who live in the more rural regions of the television viewing area and who have thusfar been unable to acquire high-speed Internet connectivity. The TV+ Internet wireless high speed internet last mile solution, with its low cost installation and operation, combined with its substantial coverage footprint, we believe, is the perfect solution to providing wireless high speed Internet service to these customers." Mr. Keyser further stated, "BIFS Technologies Corp remains dedicated to achieving those business goals that we have set for the company. We also remain committed to our strategy of achieving these business objectives while simultaneously avoiding long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . In these times, fiscal responsibility, executive integrity, and a clear business strategy are paramount to the success of any company and BIFS plans to continue to move deliberately and cautiously toward the attainment of its identified goals. The recent contract agreement with WHDT, along with the company's recent announcement that it secured approval from the Securities and Exchange Commission to allow trading of its stock on the 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 BB, are all integral parts of our overall business strategy." BIFS Technologies Corporation is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a that specializes in the development and marketing of advanced technologies in support of a variety of industrial and commercial enterprises. Its business interests involve the bioremediation bi·o·re·me·di·a·tion n. The use of biological agents, such as bacteria or plants, to remove or neutralize contaminants, as in polluted soil or water. of environmental contaminates through the distribution and operation of its patented biofiltration system, the provision of airport management support software through its GPS Integrators subdivision, the delivery of wireless high-speed Internet services to businesses, commercial customers, and residential communities through the company's Beach Access.Net, and TV+ SWOMi III last mile solutions, and the provision of international business support to multinational companies via the VendorLynx worldwide offset /countertrade division. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The statements contained herein which are not historical are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion