TokyoMex... Very germane post.
Now we just have to find an inexpensive way to get those folks online and surfing.
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LDDI Announces Formation of Powerchannel Division, Contract with
American Interactive Media and Enhancement of Strategic Objectives
PEARL RIVER, N.Y., Aug. 19 /PRNewswire/ -- Long Distance Direct Holdings, Inc.
(OTC Bulletin Board: LDDI - news) announces that it has formed a new
division, incorporated as PowerChannel, Inc. PowerChannel has been formed to provide a
unique worldwide program of access utilizing the television. The technology
will employ a set-top box, infrared remote control keyboard, and a regular remote control.
In furtherance of its intentions, PowerChannel has signed an agreement with American
Interactive Media, Inc. (''AIM'') (OTC Bulletin Board: AIME - news) to
purchase set-top Internet access devices, supported by AIM's proprietary
webPassport(TM) Internet access service, which provides subscribers with full access to
the
Internet through their existing television sets without the need for a computer. The
underlying Internet access will be supplied by LDDI through its previously announced
agreement with IDT Corporation (Nasdaq: IDTC - news), a major national Internet
backbone supplier, under which LDDI has become an ISP (Internet Service
Provider). PowerChannel's unique set-top box and proprietary services will allow
households free use of the Internet without the need of a personal computer, and will
shortly provide an upgrade option to provide a range of telephone services. PowerChannel
intends to commence installation of the devices in September and October
1998, with a full rollout scheduled for the first quarter of 1999.
Steve Lampert, President of PowerChannel and LDDI said, ''PowerChannel has
researched the Internet TV market and determined that AIME's webPassport solution
provides us with a very attractive business model. AIME's integrated system of hardware,
software, and its portal of network programming and content places
PowerChannel in the TV Internet business overnight. Based on our new relationship with
AIME, we believe we can become one of the fastest growing Internet Service
Providers in the US, and our goal is to achieve over 1,000,000 subscribers over the next
two years. Plans call for initial distribution to begin in the 1998 fourth quarter
with a national rollout scheduled to begin in the first quarter of 1999.''
Long Distance Direct Holdings, Inc., headquartered in Pearl River, New York, is a
specialty marketer of telephone, teleconferencing, cellular long distance, voice mail,
Internet and prepaid phone cards to small and medium sized commercial as well as
residential customers. The company pursues non- traditional marketing channels such
as infomercials and strategic partnering with large well-established firms and organizations
to compete in the telecommunications industry and differentiate itself among
competitors.
CONTACT: Steven Lampert, President/CEO, or Michael Preston, Vice- President/CFO,
both of Long Distance Direct Holdings, Inc., One Blue Hill Plaza, Pearl River,
New York 10965, 914-620-0765.
For more information, visit the Company's financial public relations web site at
1stnettech.com.
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What we know is that it is MUCP inside with internet telephony software to boot.
And here's a link to the company's shareholder letter discussing why the company has been so silent as of late.
Message 5517016
Note the discussion of a character set that will permit usage by Chinese and Japanese owners. They are going after Asia.
Regards,
Ron
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