Global CyberSystems AG Partners with the EMS Group to Introduce UltraCard, Inc. in Europe.BLAINE, Wash.--(BUSINESS WIRE)--July 9, 1999-- Upgrade International Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :UPGD UPGD Upgraded ) (www.upgd.com), an information technology company, through its equity interests in Global CyberSystems AG, and UltraCard Inc, has partnered with The EMS Group to develop sales and marketing channels in Europe. The EMS Group will market the UltraCard, Inc. technology. The UltraCard Inc, technology is a patented, revolutionary system for high capacity data storage and retrieval in a standard credit card form factor. Currently, UltraCard has developed and is in the process of commercializing a card in the standard credit card format with 5mb (five million byte) data storage capacity. Compared to the existing data storage capacity of 256 bytes on standard magnetic stripe cards A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. and up to 16k capacity on IC (integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for ) Smartcards, Upgrade is excited about the UltraCard potential in Europe. Since 1981, The EMS Group, based in London, has provided European market development services for over 300 clients including 3Com, Dell, Compaq, Tandem, Lotus Development, Sequent, HP, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. and Xerox. Carter Alexander President and founder of EMS stated, "We view UltraCard's advanced technology as being on the forefront in enabling a host of new and complex applications for E-commerce, telecommunications, medical record and financial transaction applications. Europe has embraced SmartCard technology to a greater degree than the rest of the world we are therefore anticipating a high degree of interest in UltraCard in Europe. As such, we are delighted to have been chosen to spearhead the entry of UltraCard into the European market." Upgrade is engaged in the acquisition and development of related software applications. These could provide synergistic distribution channels for the UltraCard technology while creating a diversified asset base. On Behalf of the Board of Directors Daniel Bland, President This News Release may contain 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, performance, plans, events or other matters. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to development of the Company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and services and pricing, changes in economic conditions and the markets for the Company's products and services and other risks and uncertainties. Actual results, performance and events may differ materially. Readers are cautioned not to place undo reliance on these forward-looking statements, which speak only as of the date of this News Release. The Company undertakes no obligation to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. |
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