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Non-Tech : Special Investment Situations (SIS) Newsletter

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To: Andrew who wrote (2)10/2/1997 12:54:00 PM
From: Merrill Ericson   of 18
 
Thanks for the heads up. FWIW here's some recent news on TVLI...

SANTA ANA, Calif.--(BUSINESS WIRE)--Oct. 1, 1997--Tivoli Industries Inc. (NASDAQ:TVLI) announced that the U.S. Patent Office has awarded a patent for the company's Integrated Illuminated Surveillance System -- Paravision, combining specialty lighting with hidden surveillance cameras in a single unit.

The system is currently in use at such casino venues as Harvey's, Lake Tahoe and Sky City, N.M.

Tivoli Chairman and Chief Executive Officer Terrence Walsh commented: "The awarding of this patent and recognition of its claims confirm Tivoli's development of Paravision as a unique proprietary support technology for discreet surveillance systems in casino/gaming, retail, banking and other areas. We fully expect that this will continue to grow as a solid segment for our lighting business in the casino/gaming industry, as well as other specialty lighting applications.

"At present," he said, "we are in discussions with a number of firms who specialize in security systems integration, marketing and installation in an effort to initiate marketing agreements that could provide greater distribution opportunities for Tivoli."

Tivoli Industries is an innovation-driven designer, developer and manufacturer of specialty lighting and related products serving global markets through its venture with Florence, Italy-based Targetti. In addition to its main facility in Santa Ana, the company maintains a sales support and product demonstration facility in Las Vegas. The company's markets include specialty retail, casino/gaming, theater, hospitality and restaurants, themed venues and high-end commercial and residential lighting markets.

CONTACT:

Allen & Caron Inc

Kent Broussard (investors)

Owen Daley (media)

714/252-8440

KEYWORD: CALIFORNIA NEW MEXICO NEVADA

BW0020 OCT 01,1997
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