DataWave Announces Resignation of Director.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 18, 2000 DataWave(CDNX CDNX See Canadian Venture Exchange (CDNX). :DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. .V.) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DWVSF) DataWave Systems Inc. Announced Today That Peter Hough has Resigned as a Director of the Company ABOUT DATAWAVE DataWave designs, develops, produces, owns and manages a proprietary, intelligent, automated direct-merchandising network known as the DataWave System. The Company uses the DataWave System to distribute prepaid calling cards. The DataWave System is comprised of DataWave Merchandisers (DTMs), which are free-standing intelligent machines capable of dispensing multiple prepaid products, and over-the-counter "swipe" units (OTCs) for point-of-sale prepaid retailing. Both of these are connected to the Company's proprietary communications gateway and database software through a wireless and/or land line wide area network. The first DTM DTM dermatophyte test medium. was placed early in 1996 and the first OTC device later the same year. During this implementation and roll out, DataWave's intelligent DTM concept has proven to be successful in winning major accounts in the United States prepaid calling card market. On Behalf of the Board of Directors DataWave Systems Inc. John Gunn General Manager, CFO See Chief Financial Officer. |
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