Casdim International Systems and Dick Clark International Cable Ventures have entered into partnership.NEW YORK--(BUSINESS WIRE)--Dec. 23, 1996--Casdim International Systems Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMI CDMI Commercial Driving Mechanical Institute (Midland, Michigan) ) and Dick Clark
Richard Wagstaff "Dick" Clark (born November 30, 1929) is an Emmy Award-winning American television, radio personality, game show host and businessman, he served as International Cable Ventures Ltd., have entered into a strategic partnership for the introduction of ATM transaction transfer technology via satellite to various issuers of credit cards and their customers, banks and their customers, and point-of-purchase customers. The strategic partnership to be known as Transaction Technology Corp. (TTC TTC Trying To Conceive TTC Toronto Transit Commission TTC Trans Texas Corridor TTC Toutes Taxes Comprises (French) TTC Trident Technical College (North Charleston, SC) TTC Temporary Traffic Control ) will utilize small aperture earth stations, known as VSATs, to transmit and receive data transactions anywhere in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and to clear the transactions immediately, allowing for the dispensing of currencies in many denominations (pesos, dollars, etc.) to ATM or credit card customers throughout Latin America. TTC has had discussions with leading manufacturers of ATM machines and is investigating financing alternatives for this project. Subject to financing, TTC anticipates that some 5,000 machines could be employed in Mexico, and over 15,000 machines throughout Latin America in the next three years. It is also anticipated that once the machines are deployed, that each machine could transact over 5,000 transactions per month. Casdim is a multimedia and communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. which has three primary areas of business: First is in interactive television, which will be used to provide interactive programs to link vendors and customers and to supply information and transactions on demand. The second area of focus for Casdim is the development, marketing, sales and leasing of interactive informational and transactional kiosks. Casdim believes that the fact that its kiosks are networked and that its focus in on the interactive kiosk An Interactive kiosk is a computer terminal that provides information access via electronic methods. Interactive kiosks sometimes resemble telephone booths, but can also be used while sitting on a bench or chair. market will enable the company to become a key player in this market. The third component of Casdim's business is the development of servers and communications applications (satellite-based networks and wide area networks) that will enable vendors to deliver information services See Information Systems. and maintain transactions from their place of business. Dick Clark International Cable Ventures Ltd. is a public company owned by Dick Clark of American Bandstand fame and Dick Lubic, which has other business interests in Latin America with cable television partnerships in Mexico and the Dominican Republic. CONTACT: Casdim International Yehuda Shimshon, 212/984-1090 or Sunrise Financial Derek Caldwell, 212/421-1616 |
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