Centre Of Excellence For Surgical Education Chooses DVBS Technology.Business Editors LOS ANGELES--(BUSINESS WIRE)--Mar. 8, 2000 Digital Video Broadcast Systems, Inc., a Division of IMPOREX INVESTMENTS CORP. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IMVC) announced today that it had received a letter of intent from the Centre of Excellence for Surgical Education for the use of DVBS DVBS Dvb Satellite technology in their telemedicine and surgical education center. Michael Meyer, Chairman of IMVC/DBVS stated, "We are proud that our technologies, especially that our LIVE-CAM Internet streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. solution, and our U2U U2U Universe2U, Inc. (SmartCommunity Networks) U2U Usb to Usb U2U User to User U2U Unit to Unit Internet delivered video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. solution have proven worthy of the high demands on quality, reliability and scaleability required by The Centre. The Centre is on the cutting edge of high-skill medical education in a coordinated, multi-venue environment and we look forward to working with The Centre in creating the most advanced, dynamic medical education network in the world." Mr. Meyer went on to say that he hoped to have the details of the agreement completed in the next forty-five days. The Centre of Excellence for Surgical Education is a partnership between the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. , Vancouver Hospital and Auto Suture suture /su·ture/ (soo´cher) 1. sutura. 2. a stitch or series of stitches made to secure apposition of the edges of a surgical or traumatic wound. 3. to apply such stitches. 4. Canada (a division of Tyco International). The Centre is located at Vancouver Hospital and Health Sciences Centre Vancouver Hospital and Health Sciences Centre (VHHSC) is a medical facility located in Vancouver, British Columbia. The VHHSC is the second largest hospital in Canada, with 1,900 beds and nearly 116,000 patients each year. VHHSC employs 9500 staff and utilizes 1000 volunteers. , Vancouver, B.C., and is affiliated with 34 medical schools across North America. The objectives of The Centre will combine online medical courseware, conferences and patient presentation with a world leading center for telemedicine culminating in an international center for educational research. The combination of telelearning, telemedicine and video conferencing for online consultations and diagnostics will push the threshold of dissemination of the most advance surgical, diagnostic and noninvasive treatment techniques and protocols. DVBS, Inc. is a 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 Imporex Investments Corp. The company has developed a number of technologies that improve voice, data and image transmission and reception over the internet and intranets. Among these technologies are the market ready Afterburner afterburner Second combustion chamber in a turbojet or turbofan engine, immediately in front of the engine's exhaust nozzle. The injection and combustion of extra fuel in this chamber provide additional thrust for takeoff or supersonic flight; in most cases, the afterburner (TM) web server, the LiveCam (TM) streaming video solution and the U2U video conferencing system. These products are designed to promote multimedia convergence by overcoming current internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high quality video and audio content. The DVBS technical team is based in California's Silicon Valley. Management, marketing and administrative offices are located in Los Angeles, Seattle, Long Island, N.Y., Vancouver and Toronto, Canada, and Seoul, Korea. Detailed information on DVBS and its technologies can be found at www.videotechnology.com. Further information on IMVC/DVBS can be obtained by contacting: Moshiri and Associates (U.S.) at 310/205-0050xt238, Vortex Capital Corp. (Canada) at 888/883-1747 or Coffin Communications Group at 818/789-0100. Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbour provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words anticipate, believe, estimate, expect, and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, challenges in staffing and managing foreign operations, differing technology standards, employment laws and practices in foreign countries, longer payment cycles, problems in collecting accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , political instability, fluctuations in currency exchange rates, imposition of currency exchange controls, seasonal restrictions in business activity and potentially adverse tax consequences, any of which could adversely affect the Company's international operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future international operations and consequently, on the Company's business, results of operations, and financial condition. |
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