CORRECTION: Telepresence - Internet Based Companies Showing Interest in Telepresence 3D for Streaming Video Applications.BURNABY, British Columbia--(BUSINESS WIRE)--Feb. 22, 1999-- TELEPRESENCE Meaning "long distance presence," it refers to videoconferencing applications that feel like a live meeting. Notable features are larger screens that may approach a virtual reality environment and sensors that keep at least one window focused on whomever is speaking at the moment. (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :ITLP) International Telepresence (Canada) Inc. 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. , Morden C. Lazarus, announced today that the Company is actively evaluating interest from several Internet-based companies for its proprietary 3D imaging technology. Telepresence has been one of the pioneers in 3D for Minimally Invasive Surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. and introduced its 3DC(R) product into human surgery in February 1995. Most recently, it has refocused its core business strategy on opportunities on the Internet where 3D has begun to be used in a variety of applications, including entertainment and education. "We see the growing demand for streaming video as an excellent source of revenue," stated Lazarus. "The idea of viewing real time video content on the Internet in 3D, streamed from our unique and proprietary stereoscopic stereoscopic /ster·eo·scop·ic/ (ster?e-o-skop´ik) having the effect of a stereoscope; giving objects a solid or three-dimensional appearance. ster·e·o·scop·ic n. 1. cameras, is exciting and a timely prospect for the Company." He said the Internet user base is growing at a phenomenal rate. "Forester Research Inc. is forecasting that electronic commerce on the Internet could reach US$3.2 trillion by 2003, about five per cent of all global sales transactions. Video is already playing a significant role in enabling electronic commerce. We believe that 3D will play a growing role in e-commerce." The Telepresence single camera 3DC(R) imaging is perfectly viewable as "normal" 2D on monitors, or projection screens. Conventionally produced twin camera 3D imaging is blurred when viewed in 2D. This makes the Telepresence imaging far more versatile for Internet video applications. "With experience in surgical applications since 1995, it can be said that we are bringing surgical quality, comfortable and highly viewable 3D to the Internet. Our 3D can be viewed for many hours without the slightest fatigue. This is an obvious attraction for Internet applications as many users spend a considerable amount of time viewing Web sites," commented Lazarus. International Telepresence's common shares are available for trading through the Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. Inc (CDN). The trading symbol Trading symbol See: Ticker symbol is "ITLP". The number of issued and outstanding shares stands at 28,236,070. The Canadian Dealing Network Inc. has neither approved nor disapproved the contents of this news release |
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