ComTec International subsidiary signs joint venture agreement.DENVER--(BUSINESS WIRE)--July 1, 1996--ComTec International Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : NTEM), formerly known as Nattem USA Inc., announced today that the company's 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. , John Sandy Productions Inc. (JSP (JavaServer Page) An extension to the Java servlet technology from Sun that allows HTML to be combined with Java on the same page. The Java provides the processing, and the HTML provides the layout on the Web page. ) has signed a joint venture agreement with the California based company, Flying Disc Productions. This agreement will be structured as a newly formed Colorado Limited Liability Company to produce Interactive Video Games See video game console. in the M-PEG format for both 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). and the Internet. Under this arrangement, John Santucci, JSP's president, will become one of the project's managers and the primary driving force behind bringing innovative video products to the general public. The initial plan will be to develop and produce 5 interactive video game titles from proprietary video footage of live sporting events owned by JSP. The games will include such video footage as Extreme Skiing Extreme skiing is skiing performed on long, steep (typically from 45 to 60+ degrees, or grades of 100 to 170 percent) slopes in dangerous terrain. The sport is performed off-piste. The French coined the term 'Le Ski Extreme' in the 1970s. , Snowboarding and Mountain Biking mountain biking Sports medicine A sport in which participants use specialized bicycles to navigate rough, steep trails covered with unforgiving rocks Injury risk Concussions, fractures, death. See Extreme sport, Novelty seeking behavior. Championships along with a "blooper type" home video footage known as "Crunch." These titles will be debuted on JSP's world wide web page located at jsptv.com. This partnership is expected to have at least one interative product available by the holidays via web on-line services, mail order and possibly retail outlets. In addition to the CD-ROM version of these Interactive Video Games, JSP's Flying Disc Productions plans to produce and offer these games in an Interactive Multi Player format on the Internet. This will be one of the first of such Interactive Multi Player type games available on the Internet using advanced video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. technology. Combined with this exciting project will be the development of Live Web Casting for select spoting events which can be followed on certain on-line services. John Santucci, president of JSP Inc. stated, "The Internet is an exciting community in which ComTec will bring real video footage to the desktop via the Internet and CD-ROM. The technology in video compression coupled with our extensive video library will revolutionize interactive play and enable remote users to play together via the Internet. Soon, you will be able to downhill ski race against players around the world using real video footage. ComTec will be a leader in this technology and interactive play." Santucci, president of JSP added, "This is an excellent vehicle to enable JSP to fully realize the potential that is within our stock video library of over 30,000 sporting events. Working with Flying Disc Productions will create a new arena in which to play against other Internet users around the world." ComTec International is a development stage company formed to acquire, develop and market communication techology and wireless services in the SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on , satellite linking arenas. The company has agreements which control over 4,500 YX and GX licenses and channels in densely populated areas throughout the United States. CONTACT: ComTec International Inc., Denver Donald G. Mack or Mitchell B. Chi, 303/743-7983 |
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