Capitol Multimedia announces business strategy and product plan for 1995.BETHESDA, Md.--(BUSINESS WIRE)--March 13, 1995--Capitol Multimedia Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CDIM CDIM Clerkship Directors in Internal Medicine CDIM Context-Driven Information Model CDIM Change Delivery & Implementation Manager CDIM Conditioned Di-Phase Modem , CDIMW), a leading developer of CD-based software for consumer and professional markets, headquartered in Bethesda, today announced plans to publish six childrens edutainment titles for the PC Windows and Macintosh CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). platforms during its 1996 fiscal year. The decision to enter the childrens edutainment market meets the company's objective of focusing its strengths and resources on primarily one market segment in a very competitive industry. With the announced acquisition of Animation Magic and its 60 artists, the company has considerable strength in art and animation. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert I Robert I, duke of Normandy Robert I (Robert the Magnificent), d. 1035, duke of Normandy (1027–35); father of William the Conqueror. He is often identified with the legendary Robert the Devil. . Bogin, 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. of Capitol Multimedia Inc. "Entering the childrens CD-ROM market is a natural direction for the company to take considering the animation and creative capabilities or our production talent." Three of the childrens publications scheduled for 1995 release will be part of an interactive international folk tale series. These titles will be based on folk lore with universally recognized and beloved themes from Russia, Japan and Africa. Targeted at the 3-8 age group, these multimedia tales will be brought to life using the highest production standards including tens of thousands of hand drawn animation cels. The other three childrens publications scheduled for release during the company's fiscal year will be part of another series, Kidventures(TM), Kidventures provide an interactive multimedia environment where kids use problem solving problem solving Process involved in finding a solution to a problem. Many animals routinely solve problems of locomotion, food finding, and shelter through trial and error. skills while controlling the actions and adventures of various animal based characters. The products in both series will be available on the Windows and Macintosh CD-ROM platforms and will be priced and marketed aggressively to compete for shelf and consumer demand. All three folk tale titles are scheduled for release in Fall 1995. The company plans to release at least two Kidventures titles by this Christmas, as well. In addition to childrens titles, the company plans to publish CD-ROM game titles that capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the company's production strengths (such as the previously announced Jon Dark - Psychic Eye(TM). The company has decided to suspend publishing plans for the Sega CD and Sega CD 32X platforms. In addition to publishing, the company will continue to pursue an aggressive schedule of software development for others. A world leader in CD-i development, the company has agreed to develop at least 5 CD-i titles for Philips Media during the year. The company also plans to develop CD-ROM titles for Philips and other publishers (similar to the recently launched I.M. Meen(TM) title developed for Simon & Schuster Simon & Schuster U.S. publishing company. It was founded in 1924 by Richard L. Simon (1899–1960) and M. Lincoln Schuster (1897–1970), whose initial project, the original crossword-puzzle book, was a best-seller. Interactive). The company believes such software development work can provide a dependable revenue source sufficient in size to contribute towards product development and other internal growth needs. For the professional market, Capitol will continue work on its InfoTravel(TM) software developed in cooperation with Bell Atlantic Directory Services. InfoTravel allows hotel guests to access an interactive yellow page directory on hotel room televisions. The company will also actively pursue the licensing of ShowBuilder(TM), a multimedia CD-based authoring tool combining graphics, audio and video for interactive business presentations. In total, the company and its subsidiaries presently employ 112 people. Staff positions were eliminated in February 1995 upon consolidation with Animation Magic, Inc. and its 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. in St. Petersburg, Russia. The decrease in staffing, due to redundancies and excess capacity resulting from the corporate reorganization, is expected to be temporary. CONTACT: Capitol Multimedia Inc., Bethesda Robert I. Bogin, 301/907-7000 or Equity Communications Ira Weingarten, 805/897-1880 or European contact European contact may refer to discovery:
Marijke van Hooren, 011-31-30-923-280 (The Netherlands) |
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