uniView Technologies Announces Additional Agreements for Set Top Box Deployments.Business Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--May 19, 2000 uniView 310DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. Offered by Lacaixa Bank of Spain The Bank of Spain (Spanish: Banco de España), Catalan: Banc d'Espanya) , is the national central bank of Spain. Through Domintel and uniView 110 to be Offered by Hilco United Services, Inc. of Texas to Expand ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. Customers uniView Technologies Corp. (Nasdaq:UVEW) announced today, through its Products Group, a plan between Domintel Concepts, S.L. and LaCaixa Bank of Spain to offer the uniView(R) 310DVD set top box through the retail banking channel. The plan would initially offer the 310DVD unit on a special finance program through 40 LaCaixa banking locations, with the capability of expanding to all 4,000 banking locations in the near future. "The uniView Technologies Products Group and Domintel relationship has continued to produce solid opportunities for set top box applications in Europe. Adding the banking channel to the previously established hospitality, hospital and open cable markets creates a unique blend of entertainment applications with computing capabilities," said Tom O'Mara Thomas F. O'Mara represents District 137 in the New York State Assembly, which is comprised of Chemung County and Schuyler County, as well as portions of Tioga County. , President of uniView Technologies Products Group. uniView has also signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to offer a set top box solution bundled with ISP service to allow Hilco United Services, Inc. (Hilco) to further develop, market and expand their Internet presence in their geographical area. "Bundling the uniView 110 with the ISP service will allow Hilco to market the total package to an expanded customer base," said O'Mara. "Under this agreement uniView and Hilco agree in principle to work together to build a new business model aimed at increasing the residential Internet presence of both companies." "Adding the uniView 110 set top box to our product offerings immediately strengthens our total Internet strategy," said Gerald W. Lemons, President of Hilco. "Delivering the Internet to more of our market allows Hilco opportunities to offer services that will further entrench en·trench also in·trench v. en·trenched, en·trench·ing, en·trench·es v.tr. 1. To provide with a trench, especially for the purpose of fortifying or defending. 2. Hilco as the local service provider offering the latest in technology and premium services." "These new projects combined with our continually expanding presence in the set top box (STB See set-top box. STB - set-top box ) market are expected to contribute to outstanding revenue growth for FY2001. These opportunities, in addition to previously announced ventures, are expected to generate revenues exceeding $48,000,000," said Patrick Custer, President of uniView Technologies. "While we expect most of our revenue growth from the STB products, the annuity streams from bundled services are expected to be the real net profit items." Domintel Concept S.L., based in Tortosa, Spain, specializes in providing complete interactive video distribution systems to private hospitals, hotels, airports, colleges and companies as well as the design and implementation of pre-payment installations with smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. for systems of TV and telephony distribution. HILCO United Services, Inc., is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Hilco Electric Cooperative HILCO Electric Cooperative is a non-profit rural electric utility cooperative headquartered in Itasca, Texas, United States, with a district office in Whitney, Texas. The Cooperative was organized in 1936 as Hill County Electric Cooperative. which is a locally owned, non-profit, electric cooperative organized in 1936. It is owned by the members, and serves numerous cities and surrounding areas in Dallas, Ellis, Johnson, Hill, and McClennan Counties. The Cooperative maintains approximately 2,510 miles of energized line and 27 miles of underground line with service to more than 15,800 electric meters, over 1,000 water customers and almost 1,000 propane customers through HILCO U.S. Dallas based uniView Technologies Corp. has four business units: Advanced Systems Group, Network America, uniView Softgen and the Products Group. This unique architecture of key companies offer competencies and expertise creating solutions in video on demand, set top box products, interactive broadband connectivity, computer telephony integration Computer Telephony Integration - Computer Telephone Integration software, and overall e-business solutions. The companies market their products and services both domestically and internationally focusing on multi-level marketing Multi-level marketing (MLM, now sometimes called network marketing) is a business model that combines direct marketing with franchising. Multi-level marketing businesses function by recruiting salespeople (also called Distributors, Independent Business , hospitality, utilities, banking, telecommunications and fortune 1,000 companies. More information on uniView is available at www.uniView.com. NOTICE: Some of this information may contain "Forward Looking Statements" which are company plans, projections and uncertainties. For a discussion of risk factors associated with some of these plans and projections, please refer to the company's SEC filings, which contain additional discussion about those factors, which could cause actual results to differ from management's expectations. |
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