Broadcaster Expands with QuStream.TORONTO -- QuStream Corporation ("QuStream") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:QVC QVC Quality Value Convenience QVC Question Valid Command ) announced today that it received a significant purchase order from a major US based broadcaster. The broadcaster is in the process of building a new high definition digital facility and will be deploying PESA PESA Petroleum Exploration Society of Australia PESA Petroleum Equipment Suppliers Association PESA Philosophy of Education Society of Australasia PESA Persins Enterprise System Architecture PESA Provisioning Engineering Support Agency PESA Per-Cutaneous Epididymal Sperm Aspiration routing solutions, including the new DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services (TM) audio router as well as Fortel conversion products. The order is valued at over US$2.0 million. Additional details will be disclosed at a formal signing ceremony expected to take place in April. "This expansion represents a significant order for QuStream," said Frederick L. Godard, Chairman, President 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. . "This order is the largest order we have ever received and demonstrates the value of being able to provide more integrated solutions to our customers, as well as our progress in leveraging fixed facility broadcast markets." Learn more about QuStream's complete line of products at www.pesa.com and www.forteldtv.com. About QuStream QuStream, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. PESA and Fortel 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. (TM), is a global provider of integrated solutions to the creators and distributors of professional video content including the high-definition television and professional audio/video market segments. QuStream is headquartered in Toronto, Canada with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Georgia, and Alabama. For more information, visit QuStream at www.qustream.com, www.pesa.com, and www.forteldtv.com. All products mentioned herein are trademarked property of their respective owners. Forward-Looking Statements The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address QuStream's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. QuStream Corporation (TSX VENTURE:QVC) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion