ITNI Subsidiary DVDC. Enters Into Revenue Share Agreement With Fun Time Hospitality.Business Editors TORONTO--(BUSINESS WIRE)--Aug. 3, 2000 I-TRANSACTION.NET INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 :ITNI) announced today that its subsidiary, DVDC DVDC Diabetes Vaccine Development Centre (Australia) DVDC Del Valle Dog Club DVDC Downtown Village Development Corporation (Sudbury, Ontario, Canada) DVDC Diablo Valley Democratic Club entered into a revenue share agreement today with leading Location Based Entertainment complex Fun Time Hospitality (FUNZ). Fun Time Hospitality is the Canadian licensee for Dave & Buster's (D&B). Under the agreement, DVL DVL Doppler Velocity Log DVL Digital Video Link DVL Defense Virtual Library DVL Driver and Vehicle Licencing DVL Direct Voice Link DVL Digital Video Log DVL Digital Video Library DVL Digital Video Labs DVL Digital Virtual Library places four (4) Orion GameSystems (OGS) in the new D&B location at The Interchange at Highway 400 and Highway 7, in Toronto, Canada. "I am very excited to place this interactive virtual reality system in our premier location," said Mike Mandel, 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. of Fun Time Hospitality. "I think that the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of the OGS clearly matches the sophistication of the marketplace and our clientele enabling us to offer our guests a leading edge experience." "Clearly the companies of ITNI are seen as leading edge in all of the markets they enter into," said Thomas J. Weisner, C.O.O, ITNI. "This agreement is just one more example of how eager the marketplace is to embrace the best products." DVDC has been building virtual reality attractions designed to increase attendance and profits at entertainment facilities since 1994. The Orion Game System (OGS) is a turnkey, PC based, virtual reality system. Using state-of-the-art technology, the OGS delivers the only stereoscopic and fully immersed experience available in the market. The Company also develops custom software solutions, training simulation software for the Canadian Department Of National Defense, and various leading edge technologies for its clients. I-Transaction.net is a global leader in the development of advanced business solutions. It currently supports products designed for the financial community, call centres, embedded products, and the Internet. ITNI's products and services originate in four basic areas; database management and mining, advanced communication technologies including delivery of Voice over IP (VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ), rapid deployment of complex web sites and integrated instant messaging products. |
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