EnXnet, Inc. Announces EnXCase Developments.Business Editors/High-Tech Writers TULSA, Okla.--(BUSINESS WIRE)--June 1, 2004 EnXnet, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EXNT) announces that it has received substantial interest in its EnXCase (Patent Pending) package designed for its DVDplus(C)/OneDisc(TM) dual sided See double sided disk. DVD/CD discs. A number of recording labels are negotiating with EnXMedia (the media supplier division of EnXnet) for delivery of a variety of albums with music on the CD side and music videos on the DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. side. The distinctive design of the EnXCase with its rounded top rounded top See dome. , much like that of a Wurlitzer jukebox A storage device for multiple sets of CD-ROMs, DVDs, tape cartridges or disk modules. Using carousels, robot arms and other methods, a jukebox physically moves the storage medium from its assigned location to an optical or magnetic station for reading and writing. , provides easy visual identification of the albums on retail displays. The conventional DVD and CD packaging now in the marketplace has not seen a significant change in the case design in quite some time. EnXCase has been developed primarily to enhance consumer recognition of the DVDplus(C)/OneDisc(TM) product line. Its unique shape will immediately identify the product as a DVDplus(C)/OneDisc(TM) disc. Included in the design of the EnXCase is an anti-theft feature which makes it significantly more difficult to steal the disc without completely removing the outer wrapping and opening the case. Based on discussions with various record labels the Company anticipates delivering adequate volumes of DVDplus(C)/OneDisc(TM) dual sided DVDs/CDs in EnXCases to meet their weekly releases of new albums. The Company is completing arrangements for the manufacture of the EnXCase to make it available to meet the anticipated demand starting in the third quarter (calendar) of this year. Ryan Corley, President of EnXnet, Inc., had this to say: "I am quite pleased with the advances made toward commercialization of the EnXCase and the excitement that seems to have been created in the recording industry for both the DVDplus(C)/OneDisc(TM) dual sided DVD/CD discs and its unique packaging using the EnXCase." This release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. from the company that may or may not materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. . Additional information on factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission. |
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