Greater Northwest Research and Development Group Strikes Strategic Alliance with IMUSA.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 11, 2002 The Greater Northwest Research and Development Group Inc. (Pink Sheets: GNRD) FL, Tuesday announced a strategic alliance with Intermedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). USA (IMUSA IMUSA Independent Manchester United Supporters Association ) NV. GNRD will develop increased revenues and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" through playerless video distribution and wireless entertainment applications, the two areas of expertise for IMUSA. IMUSA, a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is a ground breaking infrastructure company specializing in two areas, wireless applications and video encoding software "Voicemarker." IMUSA develops and distributes wireless networking See wireless network. and Internet applications, providing GNRD with the perfect means of producing live streamed entertainment. Reality and real-time entertainment is at an all-time high and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. offers a variety of venues and situations to develop. The future of communications and the delivery of Rich Media Content will be through wireless means. By partnering with IMUSA, GNRD plans to keep their content catalogs including television and film projects available to the newest audiences as soon as they are available throughout the world. IMUSA is the American division of The Intermedia Group (www.imtaiwan.com). The Intermedia Group develops Internet content and information distribution channels as well as e-mail marketing Email marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. solutions. This relationship will provide GNRD with Asian distribution channels and applications for all forms of future entertainment. The Asian market is impressive and very interested in content produced in and about Las Vegas. The Intermedia Group currently has offices in Tokyo, Taiwan and Las Vegas, offering GNRD global exposure on a daily basis. Future expansion plans include additional offices in several major cities of the Asian continent. As Intermedia expands closer to the European community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. so will GNRD's ability to reach that market. IMUSA's second core product is "Voicemarker." The distribution of this software application supports the delivery of audio and video over the Internet without the need of a traditional player such as Real or QuickTime. "Voicemarker" will make all audio and video on the Internet viewable by any computer without the need of downloading a program or plug-in. To the average viewer this will be much easier and user friendly. "Voicemarker" will make all content accessible to over 98 percent of the world's computers through HTML/JAVA script. Current standards limit your audience to only those who already have a player. "Voicemarker" includes dramatic new e-mail applications that will change the marketing strategy for the future of all video productions. Not only will GNRD be able to market its projects through e-mail databases but also include viral marketing components to broaden its reach. "Voicemarker" will create a new standard for video archives and movie distribution on the Net. GNRD will be on the front lines of development for this new medium. GNRD anticipates greater market development and technological prowess supporting their current project and objectives. Greater Northwest Research and Development Group Inc. is a public, Florida-based development stage company. The company is focused on becoming an entertainment industry leader by acquiring interest in state-of-the-art broadcast (TV and film) facilities, audio recording/sound stage facilities, and artist management contracts. GNRD's strategy focuses marketing to attract facility use and drive revenues to the bottom line. In conjunction with the provisions 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. section of 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, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performances and developments, as well as other statements relating to future operations. |
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