Purewater Sciences International Makes Announcement.
NEW YORK--(BUSINESS WIRE)--Nov. 10, 1997--Purewater Sciences International Inc. (OTC OTC
See over-the-counter market (OTC). : PRWT) announced that they and Visual Interactive Phone Concepts Inc. (VISUAL) will complete their announced merger subsequent to a private placement.
Glenn Michael Financial Inc. has been retained as a consultant for the $1,000,000 financing. It is expected that the funding will be completed before the end of the year. After the merger, the corporate name will continue as Visual Interactive Phone Concepts, Inc. with a new 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 symbol and CUSIP number CUSIP Number
An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system.
This system is used in the U.S. and Canada. .
VISUAL has a U.S. patent for exclusive rights to a Videophone (1) (VideoPhone) A line of videophones (definition #1 below) from AT&T that were introduced in the early 1990s and later pulled off the market due to poor sales. The first models came with a price tag above $1,000, and a pair were needed. See Picturephone. Interactive Mailbox Facility System (VIMF VIMF Vierer kabel In MetallFolie
VIMF Vehicle Inertia Measurement Facility (SEA, Ltd., Columbus, Ohio) System). The U.S. patent and foreign patents filed give Visual exclusivity and worldwide protection for its invention until the year 2016.
The VIMF System includes a videophone which is a combination of a digital phone, a keyboard, a credit card swipe and a display screen for the presentation of text, voice and visual images. A camera, printer and fax are additional options.
The videophone based at a user station is connected to a central data center. The central data center provides one or more vendor services that operate over Plain Old Telephone Service or any other connectivity on an interactive real time basis.
The VIMF system eliminates the need to buy a phone and a computer and the need for constant upgrading of the computer with newer hardware to run newer software. Thus, expensive upgrading is eliminated. With the VIMF System one button initiates an interactive on-line session with user friendly screens. This allows the user to select any function he wishes to perform. Some functions include Internet access See how to access the Internet. , home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. , on-line banking, brokerage services, spread sheet processing and viewing of vacation resorts and department store catalogues. The system replaces the need for a personal computer and no computer skills necessary.
CONTACT: The Leodas Group, Inc.