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Gateways to Space files NASDAQ application.


SAN FRANCISCO--(BUSINESS WIRE)--Nov. 18, 1994--Gateways to Space Entertainment Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:GWTS GWTS Groundwater Pump-and-Treat-System
GWTS Great Wall Travel Service (tourism) 
) of Santa Monica, Calif., has filed its final application to be listed on the NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 stock exchange.

The license, sales and marketing divisions are located at the corporate office near the San Francisco in the city of Pleasanton, Calif.

GWTS, with current assets Current Assets

Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year.
 of $6.7 million dollars and liabilities of $141,000, has no long or short term debt. Earnings are projected at $2.10 per share at the end of 150 days.

GWTS will release its first 2 of 13 direct to home videotape series of "Star Scouts Discover NASA NASA: see National Aeronautics and Space Administration.
NASA
 in full National Aeronautics and Space Administration

Independent U.S.
" on Feb. 22 (2 million video tapes) and April 5 (6 million videotapes). These tapes are being sold nationally exclusively through grocery and drug stores.

A new tape will be released every 6 weeks throughout the series. In addition to license products, toys will be sold at the International New York Toy trade show in February 1995 for the Christmas selling season.

The series will include a live cast of 7 children along with former NASA astronauts Charles "Pete" Conrad Jr., the third man to walk on the moon during the Apollo 12 NASA mission, and Richard "Dick" Gordon Jr. of Gemini 11 and Apollo 12. New state of the art computer animation will also be used to introduce two new space aliens, "Cygy" and "Zendo" from the planet "Kara."

Cygy and Zendo, while in space, are exploring the inside of the NASA shuttle "Discovery" and get trapped in the cargo bay as the doors are closing. They are brought back to Earth as stowaways Stowaways are a Portuguese band from Matosinhos, who formed in 2001. They are made up of Nuno Sousa (vocals and guitar); Pedro Gonçalves (guitar); João Carujo, (drums)and Sérgio Seabra (bass). Fred on keyboards and João Covita on the accordion are more recent additions.  in the space shuttle, which lands at Edwards Air Force Base Edwards Air Force Base, U.S. military installation, 301,000 acres (121,805 hectares), S Calif., NE of Lancaster; est. 1933. It is one of the largest air force bases in the United States and has the world's longest runway. .

In 1995 the new heroes for children will be "Cygy and his sidekick Zendo." The animation is mixed with the new live film cast of seven children, along with former NASA astronauts and actual historical NASA film footage, some never before seen by the public.

These educational-entertainment video tapes are designed to help teach and educate children about the United States NASA space program as well as crime, health, etc., here on Earth in a fun, entertaining manner. The videotapes will also be sold worldwide over a 3 year period.

CONTACT: Gateways to Space Entertainment Inc., Pleasanton

Louis G. Karabochos, 510/847-2777
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 18, 1994
Words:384
Previous Article:Earl Scheib Inc. names new president and CEO.
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