Communications Technology Company -- DVBS -- Reaches Agreement With Futuretech.LOS ANGELES--(BUSINESS WIRE)--Dec. 9, 1999-- (Pink Sheets:IMVC) Imporex Investment Corporation (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets:IMVC) has approved the basic economic terms of an Agreement between its wholly-owned subsidiary, Digital Video Broadcast Systems Inc. (DVBS DVBS Dvb Satellite ) and international computer components broker, FICS FICS Fellow of the International College of Surgeons. Networks Inc. (dba Futuretech International). Futuretech seeks to expand its operations to include retail outlets and Internet marketing See Internet advertising. . Conditional upon finalizing of this Agreement, Futuretech will also become a wholly-owned IMVC subsidiary. DVBS Chair, Michael Meyer, states that the acquisition would be: "a timely move for our company that fits well with our aggressive corporate growth and development strategy. Futuretech is an excellent fit with our Internet based technology products and services. With this deal, we plan to initiate a series of ventures to promote our 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. , video server, web server and other products and software through systems integrators worldwide." Futuretech is experiencing dynamic growth in a highly competitive industry. Kenny Oh, President, attributes their success to competitive pricing, and consistent quality and service. With a client list that includes Hitachi, LG, Fujitsu, Quantum, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and major client DongYang Global; Futuretech has generated an average of approximately $400,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. per month in its initial eight (8) months of business, and has realized more than a 5% monthly compounded growth rate. The company recently concluded a $300,000 USD sale for 5,000 CD-ROMS. DVBS will continue to focus on the development and commercialization of streaming video, high speed web serving, network and Internet protocols that improve information technologies for voice, data, image transmission and reception over the Internet and other forms of digital communication. The flagship products of DVBS are the high-speed, high-capacity 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 package and the LiveCam(tm) compression algorithm that produces high quality streaming video images over the Internet. Detailed information on DVBS and its products are available at: www.videotechnology.com Digital Video Broadcast Systems (DVBS), a technology incubator, is a wholly-owned subsidiary of IMVC. The DVBS technical team is based in the Silicon Valley, California. Management, marketing and administrative offices are located in Los Angeles, CA; Seattle, WA; Vancouver, Canada; and Seoul, Korea. Statements in this news release which are not historical facts are "forward-looking statements" (as defined under securities law) that involve risks and uncertainties. Actual results may differ materially and adversely from those discussed in this release. |
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