Correcting and Replacing GlobalNet Systems News Release, BW0101, CA-GLOBALNET-SYSTEMS.CHATSWORTH, Calif.--(BUSINESS WIRE)--March 2, 1999-- GlobalNet Systems Ltd.'s On-Line Entertainment Network Inc. Launches NASCAR-Sanctioned Speedway Children's Charities Show From Las Vegas Motor Speedway Las Vegas Motor Speedway, located in Clark County, Nevada, just outside Las Vegas, is a 1,200 acre (4.9 km²) complex of four different tracks for automobile racing. The complex is owned by Speedway Motorsports, Inc., which is headquartered in Charlotte, North Carolina. Tuesday, GlobalNet Systems Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. ), through its 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. On-Line Entertainment Network Inc. (OEN OEN Optical Entertainment Network (Houston, Texas) OEN Ontario Education Number OEN OpEdNews (website) OEN Ontario Environmental Network OEN Original Equipment Number ), announced the March 6 launch of its NASCAR-sanctioned Speedway Children's Charities (SCC SCC - strongly connected component ) race preview show netcast series on www.OEN.com. The series will consist of up to 25 shows produced live from major NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. motor speedways nationwide. Listeners can access the show directly through OEN.com or through one of more than 45 sites supporting SCC, including NASCAR.com, Raceshop.com or fan sites, where they can hot link from those sites directly to OEN. The Speedway Children's Charities/OEN Preview Show is designed to be an in-depth look into the lives of the top drivers, their wives and families, pit crews and all those involved in the NASCAR world of racing. From time to time, the show also will feature celebrities outside of the racing world who are drawn to the sport, as are millions of other fans worldwide. Your Offices USA Inc. has built an all-digital, state-of-the-art, mobile-production command center for OEN's use in producing the Speedway Children's Charities series. All shows will originate from this command center, which will be located in the NASCAR speedway infield beginning on March 6 with the premiere show from the Las Vegas Motor Speedway. OEN is the pioneer entertainment network offering superior Internet audio See RealAudio. quality for its diverse genres of audio including music, live event netcasts, comedy, drama and other programming. OEN's entertainment content is available on a real-time "click & play" true "on-demand" basis 24 hours per day, worldwide. Its real-time system immediately plays OEN's high-quality audio programming without any downloads, except for the downloading of the audio player. OEN intends soon to incorporate CD sales and merchandise on the network. SCC contributes funds directly to charities that help children. SCC donates to needy causes such as bone marrow registries, homeless shelters, child abuse centers, children's hospitals and similar types of agencies. Through the support of NASCAR, Busch, Craftsman, IRL 1. (jargon, chat) IRL - In real life. Generally synonymous with f2f. 2. (language, robotics) IRL - Industrial Robot Language. and other racing series drivers, the charities have awarded more than $4.5 million in grant money to hundreds of children's charities nationwide. GlobalNet Systems Ltd. is a multifaceted company specializing in an audio on-demand pay-per-listen and sponsored entertainment network, through its subsidiary, On-Line Entertainment Network Inc. GlobalNet has also been working on the development of a unique Video-On-Demand system. This news release may consist of forward-looking statements that involve risks and uncertainties. Such statements are subject to risks and uncertainties that could cause the actual results to differ materially. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion