BIFS Technologies Corporation Announces LOI and Strategic Alliance with LiveWave Incorporated.Business Editors/High Tech Writers SARASOTA, Fla.--(BUSINESS WIRE)--Nov. 30, 2001 BIFS BIFS Binary Format for Scenes BIFS Built-in Functions (Arithmetic) BIFS Biotechnology Information for Food Safety BIFS Backoff Inter-Frame Space Technologies Corporation (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) :BIFT BIFT Bangalore Islamic Foundation Trust (India) ) announced today that it has recently signed an LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items designed to provide for a strategic alliance arrangement with LiveWave, Inc., a leading manufacturer of advanced video systems and broadcast TV software and technologies. The agreement paves the way for future collaborative ventures between the two companies involving many of their complimentary video broadcasting systems, management and control software, and advanced Internet distribution services, including the TV+ Internet system. Under the agreement, the two companies plan to explore and pursue joint business opportunities, and system integration options, for many of their broadcast TV and broadband media systems, video over IP technologies, and wireless Internet distribution platforms. Al Keyser, Chairman and 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. of BIFS Technologies Corporation expanded on the agreement by saying, "LiveWave and BIFS Technologies Corp. both maintain a considerable inventory of leading edge solutions that are not only complimentary in their design, but are a logical fit in their application. Recent discussions between the executives of both companies have illustrated that a considerable number of collaboration options exist to successfully integrate many of our proprietary technologies. It is our intent to pursue these joint business ventures with LiveWave, Inc., and to amalgamate our advanced systems with those of LiveWave, in order to achieve an even greater level of customer application for these technologies and services, especially the implementation of Live Wave, Inc., cameras in the BIFS Airport, Seaport, remote 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. plants, and other security, maintenance, and monitoring applications." BIFS Technologies Corporation is a multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious company that specializes in the development and marketing of advanced technologies to support a variety of industrial and commercial enterprises. Its core business involves the bioremediation of environmental contaminates through the distribution and operation of its patented biofiltration systems, while other divisions of the company provide a variety of technology based solutions to selective industries. These ancillary businesses include the delivery of high-speed wireless Internet services to the hotel, resort, and convention center industries, the provision of wireless Internet connectivity to residential communities through the company's TV+ Internet broadband system, and the development of highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. products in support of airport management, security, and operations. |
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