Printer Friendly
The Free Library
14,588,739 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

SKG Interactive Announces Business Acceleration Division And Offers Corporate Update.


Business Editors

RICHMOND HILL Richmond Hill may refer to:

Places:
Canada
  • Richmond Hill, Ontario
  • Richmond Hill (electoral district), a Federal constituency
United Kingdom
, Ontario--(BUSINESS WIRE)--Oct. 30, 2000

SKG SKG Stichting Kwaliteit Gevelbouw (Dutch)
SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios)
SKG Thessaloniki, Greece - Thessaloniki (Airport Code)
SKG Smith and Kraus Global
 Interactive Inc. ("SKG") (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:SKG.) is pleased to provide overview of the company's strategic direction, and an update on various corporate initiatives that are currently underway at SKG.

SKG has recently refined its business focus as an emerging application and wireless application service provider, able to offer total solutions capability on 2-D, 3-D and wireless platforms to facilitate electronic and mobile commerce, by leveraging both the technology and the strategic relationships we have developed, to produce a profitable, market-leading company. This refined focus includes a restructuring of the company into three major vertical, scaleable divisions: Electronic and Mobile Commerce and Business Acceleration Division, Applications Division, and a Technology Services Division.

As a part of its ongoing commitment to become a total solutions provider and developer of Internet companies, SKG is pleased to announce the formation of its E/M-Commerce and Business Acceleration Division. SKG's E/M E/M Electro/Mechanical
E/M Evaluation Model
 Commerce Division is comprised of the NorstarMall.ca operation and a new, Business Acceleration division. The NorstarMall.ca operation is an online shopping application, which offers three platforms: 2-D, 3-D and wireless. NorstarMall.ca's strategic direction and business focus has changed from its initial concept of investing large amounts of marketing capital to drive traffic to its own site, located at http://www.norstarmall.ca, to a more scaleable product, powering the shopping engine on many national sites, including the Globaltv.com regional websites and the CTVSportsnet.com website, two of the most popular websites in Canada. NorstarMall.ca will pursue similar arrangements with other major media destinations in the future.

The Business Acceleration Division will be focused on providing total solutions including technology development, infrastructure hosting, management expertise and financing to a select group of companies. SKG's focus will be on companies that have a proven track record in their industries and/or a proven management team. SKG will, in addition, provide these companies with physical space in order to both mentor and nurture the development of each respective business. By providing a physical location in addition to providing the technology and capital requirements Capital requirements

Financing required for the operation of a business, composed of long-term and working capital plus fixed assets.
, SKG will be in a position to significantly reduce time-to-market.

"SKG is determined to become the pre-eminent pre·em·i·nent or pre-em·i·nent  
adj.
Superior to or notable above all others; outstanding. See Synonyms at dominant, noted.



[Middle English, from Latin prae
 total solutions provider in the Canadian marketplace," according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Shaun Rootenberg, Executive Vice President of SKG. "By leveraging existing relationships within the technology and Venture Capital industry, we intend to fill the niche void in the marketplace that lies between traditional VC financing and the new breed of incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the  companies. Rather than compete with the incubators, the strategy of SKG is to create syndications and partnerships within the VC and incubator community."

In addition, Mr. Shaun Rootenberg is pleased to announce the appointment of Mr. Jay Fischbach to the role of Vice President, Technology, at SKG Interactive. In this capacity, Jay will head all the development projects including all technology development for the Business Acceleration Division. Jay's extensive background in the Internet technology arena, most notably as Internet Strategist with KTS KTS Knots (plural of knot, 1 nautical mile per hour)
KTS Key Telephone System
KTS Klippel-Trenaunay Syndrome
KTS Kill the Spams (email filter)
KTS Knowledge Technology Solutions PLC
 Systems Group and Chief Executive Officer of QSAOnline.com with Acker Finley Inc., will lend management and technology expertise to all SKG related interests.

Applications Division

With SKG's recent acquisition of control of TomaNet Inc., along with its three operating businesses, SKG has acquired two major applications: educational and environmental. SRB's educational administrative and student information management system is currently being used by over 70% of all Ontario school boards List of Ontario school boards: Public English
  • Airy and Sabine District School Area Board, Whitney, Ontario
  • Algoma District School Board, Sault Ste. Marie, Ontario
  • Asquith-Garvey District School Area Board, Shining Tree, Ontario
, and when combined with the recently announced initiatives with MobileQ, SRB will become the market-leader by offering a wireless platform for their educational applications.

Caribou Caribou, town, United States
Caribou (kâr`ĭb), town (1990 pop. 9,415), Aroostook co., NE Maine, on the Aroostook River; inc. 1859.
 Systems designs and implements EIMS EIMS Environmental Information Management System (US EPA)
EIMS Eudora Internet Mail Server
EIMS Employment Information in the Mathematical Sciences
EIMS European Innovation Monitoring System
EIMS Electron Impact Mass Spectrometry
 (Environmental Information Management Systems), along with compliance management and the Caribou HazWaste monitoring system, that are used throughout several industrial sectors to promote best environmental management practices; increase pollution abatement A reduction, a decrease, or a diminution. The suspension or cessation, in whole or in part, of a continuing charge, such as rent.

With respect to estates, an abatement is a proportional diminution or reduction of the monetary legacies, a disposition of property by will, when
 and reduction; and ensure continuing compliance with environmental protection laws and regulations.

SKG also has an approximate 12% equity interest in CYBERWORLD(r) International Corporation, which will fall into the Applications Division at SKG Interactive. CYBERWORLD(r) is a new-media enterprise committed to transforming the Web into an interactive multimedia experience is ideal for e-commerce and e-merchandising, offering a visually compelling way to build, customize, and present interactive, multi-media, multi-dimensional worlds.

Special Warrant Financing

SKG expects to complete a significant majority of the previously announced special warrant financing by the end of this week.

About SKG Interactive Inc.

SKG Interactive (TSE: SKG) is focused on becoming a leading application and wireless application service provider, able to offer total solutions capability on 2-D, 3-D and wireless platforms to facilitate electronic and mobile commerce. By leveraging both the technology and the strategic relationships SKG has, and will continue to develop, SKG expects to further prove themselves as a highly profitable, leading-edge technology services company.

As a result of the company's change in business, the TSE has requested that SKG meet all of the original listing requirements Listing requirements

Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading.
 of the exchange. SKG has been granted an extension until December 31, 2000 by the TSE in order to meet all of the original listing requirements.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 30, 2000
Words:840
Previous Article:The CIT Group Extends and Broadens Financial Services Relationship With Dell Computer Corporation.
Next Article:HP Introduces Scanner Designed for Online Photo-Sharing With Internet Appliances.



Related Articles
DreamWorks Raising Money.(Brief Article)
BRIEFLY STUDIO EMPLOYEE TO RUN FOR TREASURER.(News)
A.V. JOINS IN WOOING STUDIO; LANCASTER OFFERS DREAMWORKS FREE DESERT LAND.(News)
POP.COM ANNOUNCES NEW CEO; ENTERTAINMENT GIANTS UNITE IN WEB VENTURE.(News)
STUDIO HONCHOS LOOKING AT NOHO; WILL DREAMWORKS SCRAP PLAYA VISTA?(News)
Deluxe Digital Studios.(Media)(Mark Atkinson has been named general manager of worldwide creative services)(Brief Article)
Consultants expand at prime Kushner complex.
DreamWorks offer.(October 22-28)(Brief Article)
Gaming out.(Arena Lounge's services)(Brief Article)
Dream over.(plan to sell its share)(Brief article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles