Creative Gaming, Inc. Acquires Exclusive Sublicensing Agreement for Patented 3-D Imaging Technology.Business Editors STUART Stuart, British royal family Stuart or Stewart, royal family that ruled Scotland and England. The Stuart lineage began in a family of hereditary stewards of Scotland, the earliest of whom was Walter (d. , Fla.--(BUSINESS WIRE)--Aug. 21, 2002 Creative Gaming, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Symbol - CLPI CLPI Charity Lobbying in the Public Interest ) today announced that it has acquired an Exclusive Sublicensing Agreement ("Agreement") from Entertainment Arts, Inc. (OTC Symbol -ETAI) in order to finance and assist in the commercial exploitation of a patented 3-D holographic See holographic storage. imaging technology known as Real Image(TM). The exclusivity provisions of the sublicensing agreement grant CLPI all of ETAI's specific marketing rights of the technology to the jukebox and advertising industries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Japan and the video game makers in the Untied States and Japan. In June of 2002, ETAI ETAI Electronic Transactions on Artificial Intelligence ETAI English Teachers' Association Israel announced that it had entered into a 2 year exclusive agreement with ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up Corporation based in Findlay, Ohio in order to market sell, distribute and lease ATL's Real Image(TM) patented holographic technology. For the license granted, CLPI shall pay ETAI a fee in the form of a combination of cash and restricted shares of the Company's common stock. Thereafter, CLPI will pay ongoing royalty fees to ETAI based on sales income. In addition, CLPI has retained ETAI to coordinate the day-to-day business of the identifying and exploiting commercial applications of the technology on behalf of CLPI for which CLPI will pay ETAI a monthly retainer. Real Image(TM) holographic technology projects live, real-time, full color, 3-D images out from the display unit into an area of space between the observer and the unit. The image moves in an empty space relative to the unit and can be viewed by any number of people. A high-resolution image can be projected in reduced scale onto a table/desktop or life-sized onto a stage. The image source can be computer-generated animations, 3-D scans of real objects or live and/or produced video feed of actual people and events. Eric Brown, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ETAI, stated, "Free-space 3-D imaging is no longer just a Hollywood special effects fantasy. We have identified a number of viable commercial applications for the technology. Along with the management of CLPI we have, initially decided, to focus our efforts on opportunities available in the entertainment and advertising industries." Entertainment Arts, Inc. is a diversified, multifaceted company involved primarily in entertainment industry opportunities. The Company operates through its various subsidiaries. Larry Reid, President and CEO of CLPI was quoted as saying, "This an exciting time in our corporate life. CLPI has recently changed its business focus and is currently developing a new business model to enhance shareholder value. Accordingly, as the first step of that plan, we are delighted to provide a vehicle to assist ETAI in the financing and exploitation of Real Image(TM), a truly unique technology as well as a promising opportunity for our Company." To date, the shares of both CLPI and ETAI have been quoted on the Pink Sheets. In order for their shares to be quoted on the 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. , each Company will be required to file a Form 10-SB Registration Statement with the SEC and the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). must clear the securities for trading on the Bulletin Board. Each Company intends, as soon as practicable, to begin the process to have its shares quoted on the OTC Bulletin Board. This release includes forward-looking Statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. |
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