Electric Image, Inc. Completes Management Buy-Out.Business Editors/High-Tech Writers SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Sept. 19, 2000 Electric Image, Inc. today announced the completion of its management buy-out buy·out also buy-out n. 1. The purchase of the entire holdings or interests of an owner or investor. 2. The purchase of a company or business: of the company from Play Industries. As a result, Electric Image is again an independent company concentrating on the production of world-class 3-D applications. Electric Image will be led by Dwight Parscale as Chairman 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. . Parscale has been the CEO of Electric Image since Play purchased the company in November of 1998. Parscale stated that, "We are excited to again be able to focus our total efforts on continuing the development of the most powerful 3-D applications in the world. We have expended ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. a large amount of energy developing a new architecture which will greatly enhance our development process and speed to market with new features on all platforms. We are committed to working with the 3D community in creating software they want and need." Parscale will be joined by original Electric Image founders Markus Houy and Jay Roth. Electric Image will continue to develop and sell their highly regarded and award rich Amorphium product. Matt Hoffman development lead for Electric Image expressed that "the development team is truly excited about being a part of the new venture and even more excited about the upcoming Universe release." "We've accomplished great things working together with this incredibly talented group of people," said Mike Moore
Alex Lindsey, founder of dvGarage, stated, "As a longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective user of ElectricImage applications I think it is wonderful that they have made this move and can now focus independently on their 3D applications. This will bring a powerful tool to everyone regardless of their choice of platform." David P. Dozoretz of Persistence of Vision This article is about the theory on human vision. For other uses, see Persistence of vision (disambiguation). According to the theory of persistence of vision, the perceptual processes of the retina of the human eye retains an image for a brief moment. Digital Entertainment expressed that "The ElectricImage Animation System has always been an integral part of my team's toolset. It's rendering See render. (graphics, text) rendering - The conversion of a high-level object-based description into a graphical image for display. For example, ray-tracing takes a mathematical model of a three-dimensional object or scene and converts it into a bitmap image. speed and quality are simply unmatched, as proven by the Ice Crystal Sequence in "Titan A.E." I don't think ten animator's could have finished 125 film -- resolution effects shots in 60 days with any other 3-D product. I welcome Electric Image's renewed independence and greatly look forward to a new generation of Electric Image tools." As a result of our new status as an independent company, Electric Image welcomes resumes, for all positions, from talented people wanting to work in a cutting-edge industry. Additional information about Electric Image can be found via the Internet at www.electricimage.com Electric Image Inc. is an independent software vendor located in Santa Ana, Calif. and was founded in 1987. Electric Image, Inc. offers software products for 3D animation, modeling and rendering. Its ElectricImage Animation System and Amorphium products are renown for their power and ease-of-use. For more information about the Electric Image family of products, Electric Image, Inc., Amorphium or other promotional materials, contact: Electric Image, Inc., 3 Imperial Promenade promenade Public place where people walk (or, in the past, rode) at leisure for pleasure, exercise, or display. Promenades are pedestrian avenues pleasingly landscaped or commanding a view, often located along waterfronts and in parks. Vehicular traffic may or may not be restricted. , Suite 400, Santa Ana, CA 92707. Phone 714/433-0400, or Fax 714/556-4415. www.electricimage.com |
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