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Five Full Length Movies on One DVD: Zeros & Ones Unveils Breakthrough in Digital Video Compression.

Business Editors/Hi-Tech Writers

SANTA MONICA, Calif.--(BUSINESS WIRE)--July 10, 2001

Zeros & Ones, Inc. (OTCBB:ZROS) today announced the successful completion of Phase Two of its development of a revolutionary new high quality digital video compression engine.

Code named "MC-10," the new compression engine represents a breakthrough in digital compression technology--achieving ratios between three to ten times compression with the same or superior levels of image quality to MPEG2.

The Company is currently in the process of putting five full-length feature films on a single DVD to demonstrate the power of its inventions, and aggressively expanding its patent portfolio along these lines.

The Company intends to commercialize and license MC-10 as well as several of its processes into individual products.

The market for digital video compression is huge, encompassing DVDs, personal video recorders (such as Microsoft Ultimate TV and TiVO), satellite TV, digital motion picture transmission to theaters, high-quality video conferencing, digital video phones, wireless, and other broadband applications.

The Company is currently seeking strategic technology and investment partners to further the development of MC-10 and to bring it to its full commercial potential.

About Zeros & Ones: Headquartered in Santa Monica, Calif., Zeros & Ones, Inc. (www.zerosones.com) is a transmedia holding company with digital convergence operations in content, technology, and production.

This news release contains forward-looking statements, including but not limited to, those that refer to the company's plans for future securities listings, or future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; inability to earn revenue or profits; dependence on key individuals; inability to obtain or protect intellectual property rights; inability to obtain listing for the company's securities; lower sales and higher operating costs than expected; technological obsolescence of the company's products; limited operating history and risks inherent in the entertainment, telecommunications and Internet markets and business.
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Publication:Business Wire
Date:Jul 10, 2001
Words:339
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