Digital Video Broadcast Systems Inc. -- Cyberactive Technology Ltd. To Incorporate DVBS Technology For Online Medical Education.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 16, 2000 (Pink Sheets:IMVC) Digital Video Broadcast Systems Inc., a Division of IMPOREX INVESTMENTS CORP. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) :IMVC) announced today that it has received a letter of intent from the CyberActive Technology Ltd. to incorporate DVBS' streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. and web server accelerating technology in its CyberPatient(TM) medical education software. CyberActive Technology Ltd. is a Vancouver, B.C. based software development company providing net-centric software for online delivery to medical students and professionals. CyberPatient(TM) is a revolutionary interactive multimedia tool designed to fundamentally change the way educators teach and the way students learn. Over the Internet, medical professionals will be able to take structured courses or audit specific course work on demand; and with DVBS DVBS Dvb Satellite technologies - examine, diagnose, treat, perform surgery, and manage post operation modalities using hypothetical patents through interactive streaming video. CyberPatient(TM) is currently under development in conjunction with 13 major medical schools internationally including: University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. , Kochie Medical School, Japan; University of Milan The university is a member of the League of European Research Universities. Throughout Milan, the University is normally known as Statale to avoid confusion with other academic institutions in the city. , McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. , Montreal; University of Texas, and University of Munster, Germany. Michael Meyer, Chairman of IMVC/DVBS stated, "CyberActive Technology's decision to use DVBS technology as the delivery system for their CyberPatient(TM) software further reinforces our belief that our LiveCam(TM) streaming video solution provides the best, most robust solution for high content, reliable Internet delivery with interactive capabilities and bandwidth intermediation. It is our belief that tele-medicine and Internet distance learning will be a major growth area throughout the world and DVBS is proud to be a leading choice for content delivery systems by the most sophisticated content providers in these fields." DVBS Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Imporex Investments Corp. The company has developed a number of technologies that improve voice, data and image transmission and reception over the Internet and Intranets. Among these technologies are the market-ready AfterBurner afterburner Second combustion chamber in a turbojet or turbofan engine, immediately in front of the engine's exhaust nozzle. The injection and combustion of extra fuel in this chamber provide additional thrust for takeoff or supersonic flight; in most cases, the afterburner (TM) web server, the LiveCam(TM) streaming video solution and the U2U U2U Universe2U, Inc. (SmartCommunity Networks) U2U Usb to Usb U2U User to User U2U Unit to Unit (TM) video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. systems. These products are designed to promote multimedia convergence by overcoming current Internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high quality video and audio content. The DVBS technical team is based in California's Silicon Valley. Management, marketing and administrative offices are located in Los Angeles, Seattle, Long Island, N.Y., Vancouver and Toronto, Canada; and in Seoul, Korea. Detailed information on DVBS and its technologies can be found at www.videotechnology.com. Further information on IMVC/DVBS can be obtained by contacting: Moshiri and Associates (USA) at 310/205-0050, ext 238, Vortex Capital Corp. (CAN) at 888/883-1747, or Coffin Communications Group at 818/789-0100. Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose 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. provided by 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. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect," and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. The Company's results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. There can be no assurance that the Company will be able to market, sell and deliver successful its services outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, challenges in staffing and managing foreign operations, differing technology standards, employment laws and practices in foreign countries, longer payment cycles, problems in collecting accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , political instability, fluctuations in currency exchange rates, imposition of currently exchange controls, seasonal reductions in business activity and potentially adverse tax consequences, any of which could adversely affect the Company's international operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future international operations and consequently, on the Company's business, results of operations, and financial condition. Digital Video Broadcast Systems Inc. Wholly-owned subsidiary of NQB:IMVC (800) 578-5761 mike@dvbs.com www.videotechnology.com Moshiri & Associates Los Angeles, CA (310) 205-0050, ext 138 (310) 205-0070 fax A.Moshiri@worldnet.att.net |
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