Colorocs Equity investment in Internet company; establishes Internet subsidiary with equity investment in ViewCall Europe PLC.ATLANTA--(BUSINESS WIRE)--Dec. 27, 1995--Colorocs Information Technology, 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 :CLRC CLRC Central Laboratory of the Research Councils (UK) CLRC Copyright Law Review Committee (Australia) CLRC Canadian Livestock Records Corporation (Ottawa, Ontario, Canada) ) formerly named Colorocs Corp., today announced that it has made a significant equity investment in ViewCall Europe PLC and, established a new subsidiary, ViewCall America, as a sister company. Colorocs Info Tech has purchased 250,000 shares of ViewCall Europe's common stock giving them an equity stake of 3%. Terms were not disclosed. ViewCall Europe PLC, (VCA VCA Voltage Controlled Amplifier VCA Victorian College of the Arts (Australia) VCA Vehicle Certification Agency (UK) VCA Veiligheids Checklist Aannemers ), established in 1994, has developed WEBster, a TV set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. (STB See set-top box. STB - set-top box ) which provides consumers with direct access to the internet and on-line services through their television sets. ViewCall America is a sister company of ViewCall Europe, established by Colorocs Info Tech to provide product development and marketing in the U.S. John Bentley, chairman of ViewCall Europe and visionary behind the WEBster STB and ViewCall service commented, "I am delighted to have established a strategic partnership with Colorocs Info Tech for the commercial roll-out of our easy to use, low cost internet access See how to access the Internet. device in both the U.S. and Europe. We are the only company to demonstrate a product in this category." Colorocs Info Tech, based in Atlanta, is a provider of sophisticated technology that is easy to use by the mass market through the internet. It also owns and licenses a portfolio of color electro-xerography patents to print engine manufacturers. CONTACT: Colorocs Information Technology, Inc. Alan McKeon, 770/447-3570 or Amen & Associates Robert Amen, 203/629-2244 |
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