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Devine Entertainment And WSi-Interactive to Create Children's Entertainment and Education Web Portal.


Business Editors

TORONTO--(BUSINESS WIRE)--June 12, 2000

Devine Entertainment Corporation (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:DVN DVN Digital Video Network (Internet2)
DVN Digital Value Network
DVN Diploma in Veterinary Nursing
DVN Device Number
) and WSi-Interactive Corporation (CDNX CDNX

See Canadian Venture Exchange (CDNX).
: WIZ; OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: WIZZF) jointly announced today, a letter of intent whereby Devine Entertainment and WSi will create a joint venture company that will commercialize Devine's award-winning website www.devinetime.com. Devine Entertainment will continue to supply creative content for the site, while WSi will invest Cdn$1 million dollars, assume its management and execute strategies to drive traffic and increase sales to the site. Devine and WS-i will enter into an equal partnership and it is the intent of the agreement that both parties eventually spin off www.devinetime.com into a separate public entity.

The Devinetime site was developed over the past year at a cost of Cdn$1 million, with the support of the Bell and Stentor Stentor

Greek herald with voice of 50 men. [Gk. Myth.: Espy, 39]

See : Loudness
 New Media Initiatives and Devine Entertainment. The site presently showcases and markets the history of invention from the renaissance to present day, drawing from Devine's films which have garnered 11 Emmy nominations in the past year alone.

"It is a remarkable interactive journey through time," said David Devine President & 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 Devine Entertainment. "Our goal is to educate the imaginations of young people while entertaining them in a way that makes science fun."

Theo Sanidas, President of WSi, said "The arrangement with Devine is a perfect example of WSi's model of expanding its network of Internet businesses by partnering with companies of quality and integrity to build equity and revenue for WSi."

WSi will assign a team to significantly increase content with creative guidance from Devine Entertainment and will utilize broadband for streaming capabilities. Devine will further develop the site by adding content from its award-winning library of films, extending the interactive journey with biographies of artists and composers. "Our mission is to deliver high-quality interactive entertainment and educational content that will add revenue for Devine Entertainment and complement our established, award-winning brand positioning," added David Devine.

The site's e-commerce facilities will offer visitors access to high-quality family and children's entertainment featuring Devine's proprietary video library, as well as other products and services families can trust.

The transaction is subject to a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  process and board approvals by both parties.

Devine Entertainment Corporation is one of the world's finest producers of high-quality children's and family films for worldwide television and cable, international home video and internet applications. Devine's films have received 12 Emmy Nominations and 5 Emmy Awards, as well as honours from the American Library Association American Library Association, founded 1876, organization whose purpose is to increase the usefulness of books through the improvement and extension of library services. , KidsFirst! Coalition for Quality Children's Media, Parents' Choice and the prestigious Humanitas prize. Devine's award-winning interactive website, www.devinetime.com, features profiles of 100 inventors, a trivia game, a flight lab and an e-commerce store.

Devine Entertainment's films are based on historical and timeless stories that educate and inspire self-esteem in young people. Beginning with the highly successful "Beethoven Lives Upstairs," Devine's films bring history's great geniuses to life through the eyes of children. "The Composers' Specials" feature the lives and music of Handel, Bach, Liszt, Rossini, Strauss and Bizet. "The Inventors' Specials" focus on the minds of Leonardo, Galileo, Newton, Curie Curie (kürē`), family of French scientists.

Pierre Curie, 1859–1906, scientist, and his wife,

Marie Sklodowska Curie, 1867–1934, chemist and physicist, b.
, Edison and Einstein. "The Artists' Specials" showcase the lives and works of Degas Degas
To release and vent gases. New building materials often give off gases and odors and the air should be well circulated to remove them.

Mentioned in: Multiple Chemical Sensitivity
, Cassatt, Monet, Rembrandt, Goya, and Homer. All 19 specials were produced for HBO Hyperbaric oxygen therapy (HBO)
A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber.

Mentioned in: Ozone Therapy
 Original Programming and are international co-productions with Ireland, Czech Republic, Slovakia, and Croatia.

WSi Interactive Corporation is an innovative Internet business development and marketing firm, whose objective is to capitalize on business opportunities on the Internet. WSi builds, manages and markets online businesses using its unique combination of technology, marketing and venture capital to build successful on-line ventures.

WSi focuses on companies where it can add significant value to the investment through a network of relationships and strategic alliances, and our experience in helping Internet companies build traffic, develop brands, and capitalize on a variety of revenue streams. In this regard, WSi is modeling itself on CMGI CMGI Commonly Maintained Grounds Infrastructures
CMGI College Marketing Group Information (Services) 
 (Nasdaq:CMGI). Like CMGI, WSi started as a direct marketing agency in 1990 and has grown to become a specialist in e-advertising and e-commerce. WSi plans to establish itself as a recognized leader in the Internet economy, by creating a one-stop shop for e-commerce and e-advertising, plus financial information and entertainment.

WSi properties include: Medianetsolutions.com, comparable to Razorfish (Nasdaq:RAZF), Targetpacks.com, comparable to Yesmail (Nasdaq: YESM). Westernshores.com, Stocksecrets.com, comparable to Freereal time (Nasdaq BB, FRTI FRTI Fire and Rescue Training Institute (University of Missouri) ) Yourwinestore.com, Healthcreator.com, a developing health & wellness portal similar to WebMD (Nasdaq: HLTH HLTH Health
HLTH WebMD Corporation (stock abbreviation, AMEX) 
), Investmentworldnews.com and several others.

The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 and CDNX have neither approved nor disapproved of the information contained herein. This press release may contain forward-looking statements relating to the future performance of Devine Entertainment Corporation and WSi-Interactive. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the Company's limited operating history and fluctuations in revenues; market acceptance of the Company's products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Jun 12, 2000
Words:898
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