Consolidated Gold Win Ventures Inc.: Announcement.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--April 4, 2000 Consolidated Gold Win Ventures Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :CGW CGW Computer Graphics World (magazine) CGW Computer Gaming World CGW Chicago Great Western CGW Corning Glass Works CGW Coated Groundwood (paper) CGW Communication Gateway .) Gold Web Technologies, Inc., 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 CGW has entered into negotiations with TriStar Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Pleasant Grove, Utah Pleasant Grove is a city in Utah County, Utah, United States. The population was 23,468 at the 2000 census. By 2004 its population had been estimated at 27,116. History On July 19, 1850, William H. Adams, John Mercer and Philo T. , for the purpose of establishing a Joint Venture. The Joint Venture agreement would allow Gold Web to participate with TriStar in the provision of wireless ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. technology. The technology would be marketed initially to Utah based ISP clients of TriStar. The Joint Venture agreement would establish a mechanism for the participation by both parties in the further development and marketing of the technology in Utah and beyond. TriStar is a private Utah corporation that provides equipment and technical services to a number of local Utah-based Internet Service Providers. TriStar provides equipment and services to ISP companies that serve the high technology Wasatch Front Corridor of Utah. It is believed that over 1,000 computer software and hardware firms are located in the Corridor area. The operating principals of TriStar are Mr. Carl F. Warnick and Mr. Paul Venturela. Mr. Warnick is TriStar's Chief Executive Officer. The last network project created in Utah by Carl Warnick's management team was sold to AT&T. It was part of a national model project partially funded by the National Science foundation and the U.S. Department of Education. Mr. Venturela, who has in recent years served as the general manager of the Chicago area operations for the TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. division of AT&T supervising networks with hundreds of thousands of subscribers, hundreds of employees and an annual budget of 25 million. Mr. Venturela will serve as the General Manger of TriStar. Both have extensive experience in the wireless telecommunications, cable television and Internet service industries. Lincoln Fuqua, a director of the Company, is also a director and non-operating principal of TriStar. The Company commenced a lawsuit against Digital Video Broadcasting Systems on March 1, 2000. Digital Video has responded to the action of the Company and initiated discussion with Company officials. The talks are ongoing. If the current discussions lead to a settlement, it is possible that the Company's subsidiary Gold Web will acquire from Digital Video some or all of the Symmetrically Distributed Server Network (SDSN SDSN Secure Data System Network SDSN Seaman, Steward Striker (Naval Rating) ) units that the company had initially contracted to purchase from Digital Video. The Company will use TriStar to provide the Company with technical expertise and support if the discussions with Digital Video result in the delivery and acceptance by the Company of the SDSN units. There can be no assurance that the Company and Digital Video will arrive at a negotiated settlement with respect to the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. commenced by the Company. The company will provide further updates on these matters as developments occur. The Company also announces that has engaged Mr. Peter Hill to carry out Investor Relations activities for the Company. Mr. Hill has been a stock brokerage owner. He has had solid expertise in public markets in Vancouver, Toronto, and London, England and in addition has been an entrepreneur. The Company considers Mr. Hill well qualified to develop and execute a comprehensive Investor Relations program in cooperation with management. The Company will pay Mr. Hill a monthly fee for his services and be granted a management incentive stock option. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy of the content of this press release. On Behalf of the Company: Consolidated Gold Win Ventures Inc. Per: (Abby) Souhail Abi Farrage, President and Director |
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