Videonics Begins Initial PowerScript Shipments; Revenue From Volume Shipments Delayed to Fourth Quarter.CAMPBELL, Calif.--(BUSINESS WIRE)--Sept. 23, 1996--Videonics 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 :VDNX) announced today that it has begun initial production shipments of PowerScript, a high-resolution standalone PostScript character generator (1) Circuitry that converts data characters into dot patterns for a display screen. (2) A device that creates text characters that are superimposed onto video frames. for video post-production, multimedia, industrial and professional videographer A person involved in the production of video material. Videographers shoot the images with a video camera (analog or digital) and may perform minimal or extensive editing of the resulting footage. applications. With a suggested retail price of $3000, PowerScript offers features and performance previously available only in much higher-priced units. Michael D'Addio, 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. and President, stated, "The PowerScript product completely changes the price dynamics in high performance character generators. PowerScript offers tremendous capabilities at a fraction of the price of competing products, and makes high quality character generation available to a new level of customers. PowerScript is the most technically sophisticated product developed by Videonics' engineering team and we are extremely proud to deliver such outstanding technology at this break-through price." PowerScript uses digital video technology to produce high-quality, fully anti-aliased (smooth-curved) characters and graphics. Features include PostScript character generation and manipulation; internally-generated and imported graphics support; animation and expandability. PowerScript includes its own powerful object-based text and graphics design tool, so no external computer is required, although extensive computer connectivity as well as Ethernet and Internet protocols Refers to all the standards that keep the Internet running. The foundation protocol is TCP/IP, which provides the basic communications mechanism as well as ways to copy files (FTP) and send e-mail (SMTP). are supported. PowerScript will be sold, initially in the U.S. and Canada, by Videonics' channel of professional dealers. Jim McNeill, CFO See Chief Financial Officer. , stated "Shipments of PowerScript and Titlemaker 3000 are commencing later in the third quarter than we had anticipated. Third quarter results are dependent upon manufacturing efficiencies and the number of units of these products shipped. Our current assessment is that the third quarter per share results may be modestly above or below breakeven." Videonics is a leading designer of affordable, high-quality, digital video post-production equipment. Videonics' products are used by videographers, business, industry, education and videophiles; they are also used in the broadcast, cable, video presentation and video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. markets. The company manufactures standalone and personal- computer-based hardware and software products that edit and mix raw video footage and add special effects special effects, in motion pictures, cinematographic techniques that create illusions in the audience's minds as well as the illusions created using these techniques. and titles. Products include edit controllers, video and audio mixers, video processors, character generators, multimedia software, computer-based animation and video compositing systems, frame synchronizers, time base correctors, video format converters, transcoders, distribution amplifiers, routing switchers and audio/visual delay systems. HOW TO CONTACT VIDEONICS: Main Phone number: 408/866-8300 Fax: 408/866-4859 Product and Dealer Information: 800/338-3348 Product Support: 408/370-9963 E-mail: info@videonics.com Internet World Wide Web: http://www.videonics.com/ CompuServe: GO VIDEONICS, CompuServe ID 72662,3115 -0- Note to Editors: PowerScript is a trademark of Videonics, Inc. PostScript is a trademark of Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. , Inc. CONTACT: Videonics, Inc. Jim McNeill, 408/866-8300 |
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