Dayang and QuStream Announce Joint Development and Marketing Partnership.BEIJING & TORONTO -- Dayang International ("Dayang") and QuStream Corporation ("QuStream") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:QVC QVC Quality Value Convenience QVC Question Valid Command ) today announce a joint development and sales/marketing agreement. The two companies will co-operate in designing and supplying systems for worldwide broadcast and professional video production markets. In addition, Dayang will provide marketing and technical support for QuStream's product range in Asia Pacific region, including the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Dayang International's 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. Karlton Burn comments: "Dayang and QuStream have complementary products which will greatly enhance the capabilities of both companies. QuStream shares Dayang's commitment to a multistandard HD/SD future. The corporation's PESA PESA Petroleum Exploration Society of Australia PESA Petroleum Equipment Suppliers Association PESA Philosophy of Education Society of Australasia PESA Persins Enterprise System Architecture PESA Provisioning Engineering Support Agency PESA Per-Cutaneous Epididymal Sperm Aspiration division has a very high reputation for its routing and master control switchers and distribution amplifiers. Complementing our new range of fibre-optic products, PESA's innovative FXD FXD Fixed FXD Harley-Davidson Dyna Super Glide motorcycle model FXD Foreign Exchange Digital optical routing switcher will enable us to offer compact, high-capacity distribution systems for use at bandwidths from 3 Mbit/s up to 40 Gbit/s. This has great potential in many areas of broadcasting. In addition, QuStream's FortelDTV division has an outstanding reputation for signal conversion and image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished of the highest quality. Dayang's strengths are in HD, SD and multistandard video editing systems, data storage and networking, media asset management and multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple image displays. Television broadcasters, news channels and media archives in many countries have chosen Dayang systems as the foundation of their operations." QuStream's chairman, president and CEO, adds: "Broadcast equipment buyers are increasingly looking to single-source suppliers for their core infrastructures rather than having to integrate products from multiple vendors. Dayang has a high reputation for the excellence of its products as well as for its worldwide marketing. This new partnership will enable Dayang and QuStream to offer comprehensive solutions combined with strong pre-sales and post-sales support in our respective regions." About QuStream QuStream (www.qustream.com) is a global provider of integrated infrastructure solutions to the creators and distributors of video content, including high-definition television and professional audio/video. QuStream is headquartered in Toronto, Canada with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Alabama and Atlanta. About Dayang Dayang Technology Development Inc (www.dayang.com) is a world-leading designer and manufacturer of broadcast equipment. Founded in 1989, Dayang produces a wide range of standard-definition, high-definition and web-based products for content creation, ingest in·gest tr.v. in·gest·ed, in·gest·ing, in·gests 1. To take into the body by the mouth for digestion or absorption. See Synonyms at eat. 2. , archiving and broadcast playout. The company is based in Beijing with additional research and development centres in Shanghai and Tianjin. Manufacturing and production are ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified, ensuring the highest standards of design, assembly, testing and delivery. International sales and marketing headquarters are located in Hong Kong with offices in Europe, South America and South East Asia. All products mentioned herein are trademarked property of their respective owners. Forward-Looking Statements The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address QuStream's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. QuStream Corporation (TSX VENTURE:QVC) |
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