DIGITAL VIDEO SYSTEMS, INC. ANNOUNCES LAUNCH OF INTERACTIVE VIDEO ENGINE AND FULL FEATURED APPLICATION SOFTWARE PRODUCT.Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , California--(BUSINESS WIRE)--June 6, 1997--Digital Video Systems, Inc. (Nasdaq: DVID DVID Digital Video Interactive - Digital DVID Dvi Digital ), a pioneer in digital video technology, today announced the launch of a new interactive video engine for kiosk applications that can be used to serve as an "electronic salesperson" for large, national retail chains. The powerful new Video Family Engine is positioned to provide solutions for the rapidly expanding Information Display and Interactive Kiosks market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Probe Research, this market is expected to expand from $700 million in revenues last year to over $3.3 billion in 2001. DVS' versatile family of Video CD-based control subsystems provides kiosk and information display suppliers with a wide range of choices for information delivery tailored to their unique requirements at the most cost effective levels available today. MPEG-driven technology is the logical replacement medium for tape and laser disk, affording a higher quality image and greater profit margins due to lower replication costs, longer life and more efficient handling, storing and shipping requirements. A Wide Range of Applications: The Video Engine Family has been designed modularly, allowing each product in the family to be easily modified and customized. The basic model, "Video Engine 100," which is presently being shipped, is ideal for those information displays and kiosks requiring a continuous loop playback mode with minimum interactive requirements. The play list can be changed through the RS232 port allowing a single master CD to be utilized for multiple sites or a controller can be utilized for additional functionality. For more extensive interactive features, the "Video Engine 200," to be released later this year, permits the implementation of information displays and kiosks that allow interactive participation by the user through keypads or touch screen panels. This model is effective in point of sale applications with credit card readers, printers and bar code readers. Low cost memory options from 2 to 32 MB are available. The Video Engine 1000, currently available, is a full Network Kiosk solution that combines the functionality of the Video Engine 100 in a network environment and utilizes DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services video server Video-on-Demand technology. This solution provides a cost effective alternative for applications requiring a large number of information displays or kiosks in a defined area. These systems may be implemented using various alternative delivery solutions -- coax, Ethernet and Twisted Pair A thin-diameter wire (22 to 26 gauge) commonly used for telephone and network cabling. The wires are twisted around each other to minimize interference from other twisted pairs in the cable (Alexander Graham Bell invented this and was awarded a patent for it in 1881). Cabling. System design permits delivery and scheduling from a remote location. This flexibility permits the system to adapt to almost any application environment reducing costs and speeding installation time. "Video Perfect" Video CD represents a major advance in quality and functionality over video tape and laser disk. DVS has taken this technology further with the development of its "Video Perfect" option, available with all models. According to Michael Mikolay, Director of Sales and Marketing, "Video Perfect virtually eliminates encoding artifacts artifacts see specimen artifacts. and provides crisp, clear encoded video even when obtained from less than desirable sources." Laird Lobb, Vice President of Impart Systems in Seattle, a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. in the kiosk market, indicated, "The Video Engine family has been well received for in-store point of purchase advertising applications. The customers have found that the Video Perfect option, in particular, provides video quality on par with that of laser disk for half the price. The cost of maintenance and media replication is an ongoing benefit providing a savings annuity for our clients who provide advertising and media content in the retail environment." Tom Parkinson, President and COO of Digital Video Systems, stated, "We have invested a great deal of time and resources in product research, and we believe that we have developed a product line which has the potential to generate significant revenues for the Company. Our video kiosk, which has undergone extensive testing at a number of nationally-recognized retail firms, represents a very innovative use of our digital video technology. These kiosks have the potential to eventually serve as 'electronic salespeople,' not only providing in-store customers with product information, but also able to transact sales." Parkinson said that the Company plans to market this product line through established dealer channels and will be on display at the INFOCOMM INTERNATIONAL trade show at the Los Angeles Convention Center The Los Angeles Convention Center (abbreviated LACC) is a convention center in downtown Los Angeles. The LACC hosts annual events such as the Greater Los Angeles Auto Show, and was best known to video games fans as host to E3 until its cessation in 2006. June 5th through June 7th. This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve various risks and uncertainties, including, without limitation, statements with respect to the Company's strategy, proposed sales of the Company's products, markets for the Company's products, and the development of the Company's products, including integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. and integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for products. The Company's actual results may differ materially from those described in those forward-looking statements due to a number of factors, including, but not limited to the uncertainty of market acceptance of DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. products potential delays or unanticipated costs in developing DVD products, the need to establish appropriate arrangements for DVD products, planned rapid growth of the Company's business, the risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's acquisition of ViComp Technology, Inc., conducting business in foreign countries and the competitive market for the Company's products as described in the Company's Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. dated January 7, 1997 filed with the SEC. Digital Video Systems develops, manufactures and markets digital video compression and decompression hardware and software for entertainment, business and educational uses. CONTACT: Seth Halio Jeff Lloyd/Tom J. Ekman Digital Video Systems Sitrick And Company (408) 748-2100 (310) 788-2850 |
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