Printer Friendly

VIRTUAL UNIVERSE CORPORATION RECEIVES SEC FOREIGN PRIVATE ISSUER EXEMPTION PURSUANT TO RULE 12g3-2(b)

 CALGARY, Sept. 27 /PRNewswire/ -- Virtual Universe Corporation today issued the following:
 The company has been advised by the United States Securities and Exchange Commission that it has been added to the list of foreign private issuers that claim exemption pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. The company's file number is 82 - 3467.
 The company's main product, The Parallel Universe(TM), allows multiple users, regardless of physical location, to enter into a common networked Virtual Reality and fully interact with each other in real- time. The system is enhanced with spatially-relative voice using a proprietary process dubbed "Steereo(TM)." Two standard telephone lines per user are required for full system operation. To the company's knowledge, this system is the only one of its kind in the world and has the significant advantage of allowing full 3-dimensional Virtual Reality delivery to home-based computers over standard telephone lines.
 The company has evaluated numerous revisions of the REND386-based multi-player 3-dimensional Virtual Reality game that will be the first application to run within The Parallel Universe. Final porting is expected in the near future. The company is now considering its marketing options and is actively seeking new applications and deployment partners for the system. Developers wishing to make their applications compatible with The Parallel Universe will be provided with the necessary protocols at no cost.
 Based upon the results of an independent market study, conducted in 1992 on behalf of Alberta Government Telephones and the company, the initial target markets begin pursued are multi-player games and concurrent, collaborative CAD.
 The Alberta Stock Exchange has neither approved nor disapproved this news release and the company takes full responsibility for its accuracy and content.
 -0- 9/27/93
 /CONTACT: Virtual Universe Corporation, 403-261-5652/


CO: Virtual Universe Corporation ST: Alberta IN: CPR ENT SU:

LD -- NY099 -- 6146 09/27/93 18:45 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 27, 1993
Words:311
Previous Article:HEALTHCARE COMPARE CORP. REPORTS ADDITION OF MAJOR NEW CLIENTS
Next Article:METALL DOUBLES INTEREST IN OK TEDI
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters