World Wide Video, Inc. Secures Production Financing.Business/High-Tech Writers CULPEPER, Virg.--(BUSINESS WIRE)--Oct. 8, 2002 World Wide Video, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WWVD) announced today that it has secured financing for product production for up to $3 Million from Superior Manufacturing Services, Inc. (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ). SMS is the lead manufacturer of World Wide Video, Inc.'s security and surveillance systems in Beaver, West Virginia Beaver is a census-designated place (CDP) in Raleigh County, West Virginia, United States. The population was 1,378 at the 2000 census. The West Virginia community got its name around 1860 “from the great numbers of beavers abounding in the creeks during the early . SMS will build the electronic robotic assemblies of products per the direction of World Wide Video, Inc. Under the agreement, World Wide Video will receive product manufacturing financing for production runs of security and surveillance systems and products. This will provide the necessary capital to meet large customer requirements. "Keeping yourself ahead of your competition requires significant capital expenditures in R&D, new product development and infrastructure upgrades. This production financing will help us redirect funding to these important areas," stated the President of WWV WWV Wagner Werk-Verzeichnis (cataloging prefix for works of composer Richard Wagner) WWV World Wide Vacuum WWV Walla Walla Valley Railway Company , John G. Perry. On October 1st, Frank Maas and John Perry John Perry can refer to:
About World Wide Video World Wide Video designs, develops, and markets video communications products for the Security and Surveillance markets and the Tele-Health markets. The Company's remote video communication products can transmit video, audio, and data over standard analog telephone lines at speeds that far exceed those of its competitors. WWV's products have been perfected over the past three years by the Company's founders John Perry and Frank Maas, both of whom have extensive experience in designing weapons detection and security systems for the U.S. military. Additional information on World Wide Video and their host of products can be located on the Web at http://www.wwv-usa.com/. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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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