CDKnet Grants Technology License to "Move It Distribution, Corp.".GARDEN CITY, N.Y.--(BUSINESS WIRE)--March 25, 1999--CDKNET.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CDKX; the "Company") announces that its subsidiary, CDKnet, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has granted a license for its CDK Cdk cyclin-dependent protein kinase. and associated technologies to Move It Distribution, Corp. (MID) for a period of three (3) years. MID specializes in the distribution of adult content via the Internet, DVDs, CD-Roms and VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. tapes. MID will be using CDKnet's technology to create web sites that will allow consumers the ability to custom compile adult content on CDS or DVDs for next day delivery. This new contract comes just after arrangements were announced with Hungarian Broadcast Corporation (Nasdaq: HBCO) and the American Latin Broadcasting Company Noun 1. broadcasting company - a company that manages tv or radio stations company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" for online customized audio and video compilation sites. "We believe that the License Agreement with MID represents another important measure of acceptance of CDK(tm) Technology for the combining of audio, videos and the web onto a standard CD," said Michael Jolly, director of business development of CDKnet, LLC, the wholly owned subsidiary 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. of CDKNET.COM. The Company projects net licensing revenues after all costs over the term of the new contracts to be in excess of $600,000 for the fiscal year 1999; $3,000,000 for the fiscal year 2000; and $9,000,000 for the fiscal year ended 2001. "Many major companies are discovering the benefits of using CDK based Internet technologies by enabling their consumers the ability to come to its web site and custom compile a CD or DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. with its video, audio and other content assets and have a personalized product in the consumers hands in 24 hours." said Jolly. The License Agreement with MID provides that MID will have the ability to create web sites using the CDK technology in the adult entertainment industries. MID will be able to develop, manufacture and deliver finished products ordered over the Internet. The CDK(tm) technology is a convergent technology which combines Internet browser functionality, "Red book" quality audio, and full-screen high quality video on one platform that has broad application for the multimedia marketing, advertising and promotion areas, music and entertainment industry and music industry special markets business. Other CDK technologies will enable a consumer the ability to custom compile a CD or DVD with participating companies audio, video and other content and be delivered in 24 hours to that consumer. "The adult entertainment business is a very profitable segment of business on the Internet and we believe that this will be a very profitable license for venture for CDKNET," said Steven A. Horowitz, 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 CDKNET.COM. The statements contained in this press release regarding the Company's plans for the future development and operations of its business are forward-looking statements that involve risks and uncertainties. While the management believes that the assumptions underlying these statement are reasonable, actual results could differ materially. Among the factors that could cause results to differ materially are: a lack of sufficient capital to finance the Company's business plan; the Company's inability to penetrate other markets; the effect of economic conditions; the introduction of new technologies and competition; and other factors. CDKnet, CDK and Game Player and Metrotainment are registered trademarks of CDKnet, LLC |
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