I am just back from a vacation in Gambia and there it was difficult to get on the Internet.
NEWS OUT:GlobeSpan Technology Partners Agrees to TTLN Settlement Offer
PLYMOUTH MEETING, Pa., Mar 29, 2000 /PRNewswire via COMTEX/ -- GlobeSpan Technology Partners (OTC Bulletin Board: GWIZ ) of Plymouth Meeting, Pa. announced today that it has accepted and finalized a settlement offer of the lawsuits with Total Entertainment, Inc. (OTC Bulletin Board: TTLN ) and its wholly owned subsidiary Intercapital Canada Ltee et al. for alleged copyright infringement and damages.
The settlement agreement was for an undisclosed amount of cash and other considerations, and was made without admission by either party. The principals of both companies expressed their relief in settling what could have been a long protracted legal battle at a great expense to both companies. Both companies further indicated that the settlement was equitable to both parties and should have no adverse financial effect upon the respective companies. The settlement should allow both companies to now move forward and achieve their individual goals without further distraction from this litigation.
About GlobeSpan Technology Partners
Founded in 1994, GlobeSpan Technology Partners Inc. (formally Interactive Gaming & Communications Corp.) through its wholly owned subsidiary, Intersphere Communications Ltd. (http://www.intersphere.com) is a leading Internet Development and Marketing company, that specializes in development and integration of proprietary e-commerce and web enabling technologies. Its web-based products are marketed to target vertical markets through subsidiary enterprises or portfolio companies. GTP's current list of subsidiary or portfolio companies includes Interactive Gaming Corp., PlayForFun, Century Steel Products and Precision Media Corp. Some of the company's proprietary software products include ToteMaster, an online Internet/intranet-based racetrack Totalization system, and the LiveAction Casino Gaming Platform, an online Internet/intranet-based casino & sports book account wagering system. The company also maintains and operates several strategic portal sites through its subsidiary PlayForFun (http://www.playforfun.com), Gamblenet (http://www.gamblenet.com) and WhoWonWhere.com (http://www.whowonwhere.com) . GlobeSpan Technology Partners, is a global Internet leader of online gaming and web-based vertical market technologies with a major presence throughout the U.S. and Europe.
For more information and purchasing contact the sales department at 610-941-0305, ext. 20.
GlobeSpan Technology Partners, ToteMaster and LiveAction are registered Trademarks of GlobeSpan Technology Partners Inc. All other referenced trademarks are those of their respective companies.
SOURCE GlobeSpan Technology Partners Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: GlobeSpan Technology Partners, 610-941-0305, ext. 20, or fax,
610-941-4752, or Email, investorrelations@globespanpartners.com
KEYWORD: Pennsylvania
INDUSTRY KEYWORD: CNO
MLM
SUBJECT CODE: LAW
URL: playforfun.com
gamblenet.com
whowonwhere.com
intersphere.com
globespanpartners.com |
