Videocall Announces Proprietary ISDN Internet/Landline POS Technology.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Dec. 15, 1998--Videocall International Corporation, which has entered into a merger agreement with Legacy Software, Inc. (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 :LGCYC - news), announced today the release of its new Videoconferencing POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale Management System (VPMS VPMS Valley Park Middle School (Toronto, ON, Canada) VPMS Visual Product Modeling System (CSC) VPMS Vikhe Patil Memorial School (Pune, India) ). The proprietary integration of hardware and software offers PictureTel Corporation "SwiftSite" and "SwiftSite II" users, and 8X8 Corporation "Via TV-VC105" commercial users a fully integrated Videocall Point-of-Sale (VPOS VPOS Vertical Position VPOS Virtual Point-Of-Sale VPOS Virtual Point of Service ) control unit, server and workstation system to set-up, control, manipulate and invoice videoconferencing in a retail pay-per-call environment. "We're excited about the impact of this product on our retail business, as well as its importance to videoconferencing service delivery generally," said Eugene A. Rosov, President and Chief Executive Officer of both Videocall International and Legacy Software, Inc. "This breakthrough product is completely unique - there's absolutely nothing like it in the industry today. It allows for complete control of the entire process of video-calling on a retail basis. The fully integrated VPMS product deploys an intuitively easy-to-use mini-keypad and a multi-language television interface to deliver call connections, call location, length of call and other call detail records (CDR (1) See CD-R and extension. (2) (Call Detail Reporting) See call accounting. (3) (Common Data Rate) A standard sampling rate for digital video for 480i and 576i systems. The rate is 13.5 MHz. See ITU-R BT. ) in a retail videocall environment." The company plans to utilize the VPMS product in its projected 2,000 retail videocalling locations to be developed over the next 36 months. It also proposes to sell the integrated system to consultants, corporate video-conferencing managers, and video-conferencing service delivery companies which need call-tracking and call-control ability. According to the company's Chief Technology Officer Richard Sablon, the product "uses a database of predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: calling rates to deliver low-cost routing, provide routine invoice and report printing, accounting management and VCR VCR: see videocassette recorder. VCR in full videocassette recorder Electromechanical device that records, stores on a videotape cassette, and plays back on a TV set recorded images and sound. taping based on usage, and elucidates call accounting details and billing management for virtually foolproof control. System bypass is difficult, if not impossible." The company is offering a standalone unit for under $2,000. Upon shareholder approval, Videocall International Corporation will become a wholly-owned subsidiary of Legacy Software, Inc. Videocall International Corporation and Legacy Software, Inc., maintains offices in Los Angeles CA and Cambridge MA with world-wide headquarters in Cambridge MA. Except for historical information contained herein, the statements in this release (including without limitation, statements indicating that the company "expects," "estimates," "anticipates," or "believes" and all other statements concerning future financial results, product offerings or other events that have not yet occurred) are forward-looking statements that are made pursuant to 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. provisions 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, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Additional information on these and other factors are included in the company's Form 10K of the Fiscal Year ended Dec. 31, 1997, as filed with the Securities and Exchange Commission. |
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