BrainTech Inc. Announces Reseller Agreement With Catenary Systems, Inc.NORTH VANCOUVER North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , British Columbia--(BUSINESS WIRE)--June 16, 1999-- BrainTech (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BNTI BNTI Blind Nasotracheal Intubation ) announces a reseller agreement with Catenary Systems, Inc., (St. Louis, MO) a leading supplier providing software libraries in the areas of image processing and image file handling. BrainTech Inc. resells Catenary System's Victor Image Processing Library (IPL (Initial Program Load) Same as boot. 1. IPL - Information Processing Language. 2. IPL - Internet Public Library. 3. IPL - Initial Program Load. 4. IPL - Initial Program Loader. ) software embedded as a library in the ODYSEE Development Studio. The library product is an option available with the ODYSEE Development Studio, set for release in early July, 1999. The ODYSEE Development Studio is a productivity tool for the rapid design and testing of machine vision applications. It allows system integrators to rapidly develop prototypes for commercial applications. The Victor Image Processing Library is a developer's toolkit designed to quickly load and save images in all the popular image file formats Image file formats provide a standardized method of organizing and storing image data. This article deals with digital image formats used to store photographic and other image information. . Victor IPL has been meticulously hand-crafted to be the smallest and fastest image toolkit available for Windows-based machines. "Developers who use the ODYSEE Development Studio with Victor will have a great advantage over their competitors. This combination will lead to rapid development of fast, powerful, and dependable applications," comments Janet Hirsch, president of Catenary Systems. "The Catenary Victor IPL is a versatile library for image processing, incorporating this IPL, with its tightly-integrated Windows code, furthers adds to ODYSEE's functionality. The library also supports many different file formats which adds significant value to our core product, ODYSEE. BrainTech continues to expand ODYSEE's functionality by offering users third party libraries," states BrainTech's 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. Owen Jones. On Behalf of the Board Owen Jones CEO, Director 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 provides a "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. " for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by BrainTech, Inc.) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of BrainTech, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state income tax laws, and market competition factors. |
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