World Wide Video, Inc. Secures Financing With the Assistance of JP Turner & Co. LLC.Business Editors CULPEPER, Va.--(BUSINESS WIRE)--Oct. 18, 2001 World Wide Video, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : WWVD), an innovative developer of security and surveillance technology announced today it has secured financing through the assistance of JP Turner & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control .'s investment banking department. JP Turner & Co. is one of the Nation's fastest growing brokerage and investment banking firms. World Wide Video (WWV WWV Wagner Werk-Verzeichnis (cataloging prefix for works of composer Richard Wagner) WWV World Wide Vacuum WWV Walla Walla Valley Railway Company ) had previously announced its intent to secure financing in order to provide for current demand and anticipated growth in its video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. technology business, whose primary focus is the security & surveillance market, as well as the home medical monitoring industry. "JP Turner & Company has a very strong presence in the Southeastern United States," said John Perry, 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 World Wide Video. "Our business is expanding rapidly and we felt JP Turner could help us achieve our targeted goals through the expertise they bring to the table in the area of investment banking services. This loan will enable us to accelerate production of our key products, the Digital Video Bank (DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. ) and the H324 Centurion product lines. We plan to be able to meet the current demand for our advanced technology products as a result." 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. Statement The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The Federal securities laws provide a limited safe harbor for certain forward-looking statements. Forward-looking statements in this prerelease pre·re·lease n. Something released before an official or scheduled date. adj. Of or relating to an interval preceding an official or scheduled release: relating to product development, business prospects, and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with any new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well, as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. |
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