Curtis Mathes Officially Becomes uniView Technologies Corporation; Stockholders Approve Name Change at Special Meeting.DALLAS--(BUSINESS WIRE)--Jan. 30, 1996)--Shareholders of the previously named Curtis Mathes Holding Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :UVEW) agreed to change the company name to uniView Technologies Corporation at a special stockholders meeting held yesterday at the company's headquarters in Dallas. Shareholder approval of the new name comes shortly after uniView Technologies Corp. announced its plans to restructure as part of the company's planned evolution from a consumer electronics company to an advanced technology designer, developer and service provider. "The shareholder vote reflects their understanding that a multitude of applications outside consumer electronics are possible for our uniView(tm) set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. technology," said Patrick A. Custer, 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 uniView Technologies Corp. "With medical and education applications already developed, we are positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. other opportunities in the home, banking, home office and hospitality industries, among others. We are bringing convergence solutions to companies that are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the right set-top box to meet all their customer demands. Under the new name and organization, a new Technologies Division will contain the uniView and uniView Xpressway(tm) technology, and a new Curtis Mathes Division will contain the Curtis Mathes brand name, and will concentrate on strategic alternatives designed to maximize its return on the name. Under the uniView Technologies umbrella the company will continue the development and implementation of innovative hardware technologies and solutions that can be licensed to other companies. By combining its hardware solutions with technology expertise from the uniView Xpressway, the company becomes the first in the industry to provide an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. tailored for specific needs and requirements. At the special meeting, shareholders also authorized the board of directors to implement a 10 to 1 reverse stock split of the company's shares. Timing of the actual implementation of the reverse has not been determined as of this date. "One reason for the reverse stock split is to ensure compliance with recently amended listing criteria for the NASDAQ Market which now requires, among other things, a $1.00 minimum bid price for continued listing," said Custer. Dallas-based uniView Technologies Corp. is an electronics engineering design and marketing company which has established an advanced standard for connectivity to Internet appliances by adopting leading technology from Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc., MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Telecommunications Corp., and Cisco Systems, Inc. It also has developed proprietary software enabling users to access the unique features of uniView. The company also specializes in advanced television solutions, as well as other new interactive and connectivity technologies. For more information, visit the company's Website at www.curtismathes.com. CONTACT: Curtis Mathes Holding Corporation Neal J. Katz, 214/503-8880 214/503/8515 (fax) or Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Reba Reid/Holly Vershum, 214/520-3555 E-mail: rreid@edelman.com holly_vershum@edelman.com |
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