Tri-Vision To Deliver V-Chip Decoder Through Leading
Distributors Ingram Entertainment, ANTEC/Telewire &
Beamscope
PR Newswire - November 18, 1997 13:51
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Company Signs Letters of Intent For Exclusive Distribution Agreements In
North America
TORONTO, Nov. 18 /CNW-PRN/ - Tri-Vision Electronics Inc. has awarded
exclusive North American distribution rights to its ViewControl(TM) V-Chip
Set-Top Box Decoder line to three leading distributors in the retail and cable
TV industries, President Najmul Siddiqui announced today.
In the interest of establishing a premier distribution network in both
Canada and the U.S., Tri-Vision has signed Letters of Intent for exclusive
territories and markets in this region with:
- Ingram Entertainment - exclusively targeting retail sales to consumers
in the U.S.;
- Telewire Supply (a division of ANTEC Corporation) - exclusively
targeting cable television operators in the U.S.; and
- Beamscope Canada - exclusively targeting retail sales to consumers in
Canada. Tri-Vision will retain distribution rights to cable television
operators in Canada. The product may be distributed under a different
brand name in the U.S. and a further announcement will be made later
regarding the name.
Ingram Entertainment, Inc., a distributor for major Hollywood studios
such as Disney, Warner Bros., Paramount, Universal, Fox, Columbia/Tri-Star and
MGM/UA, is headquartered in La Vergne, Tennessee and operates out of 23
locations in the U.S. The Company is the largest national distributor of home
entertainment products including pre-recorded video cassettes and a leading
national distributor of electronics, video game hardware and software (for
Sony, Sega and Nintendo), DVD hardware and software and multimedia products.
The Company services over 10,000 retail accounts including video and
department stores, drug stores, electronics retailers and supermarket chains.
In 1996, Ingram Entertainment had gross sales in excess of US$1-billion
dollars.
Telewire Supply, a division of ANTEC Corporation (NASDAQ:ANTC), is a
leading supplier of equipment, supplies and distribution services to major
cable television operators in the United States. Located in Englewood,
Colorado, its customers include TeleCommunications, Inc., Time-Warner, Cox
Communications, Comcast and Media One. Parent company ANTEC Corporation is an
international communications technology company serving the broadband
information transport industries. Headquartered in Rolling Meadows, Illinois,
ANTEC has major divisional offices in Atlanta and Denver, manufacturing
facilities in New Jersey, Texas, Illinois and Juarez, Mexico and sales offices
throughout Europe, Asia/Pacific and Latin America. ANTEC specializes in the
manufacturing, materials management and distribution of products for
hybrid/fiber coax (HFC) broadband networks, as well as the design and
engineering of these networks. ANTEC Corporation had net sales for the year
ended December 31, 1996 of US$600,000,000.
Beamscope Canada Inc. (TSE:BSP) is one of Canada's leading sales,
marketing and distribution companies of brand name home office products, home
computer software, video entertainment products and direct-to-home (DTH)
satellite entertainment products for some of the world's top manufacturers
including IBM, Microsoft, Hewlett-Packard, Canon, Sony, Nintendo, Kodak,
Samsung and EchoStar. With sales for the year ended March 31, 1997 of
CDN$327,000,000, Beamscope sells more than 6,000 different consumer
electronics products to over 7,000 retail outlets across Canada.
''The extensive reach of these companies' distribution networks will
provide access to a huge North American consumer market for our V-Chip Decoder
line,'' said Mr. Todd Grunberg, Tri-Vision's Vice President, Marketing &
Business Development. ''These distribution channels will provide premium
exposure for Tri-Vision in a broad range of retail outlets and to cable
television industry operators, enabling the Company to bring the V-Chip to
homes quickly and efficiently.''
In addition to these Letters of Intent, Tri-Vision has recently signed a
Joint Development Agreement with Samsung Electronics Co.Ltd. to build the
first ''V-Chip enabled'' television set and is in the process of establishing
licensing agreements with Samsung and other TV manufacturers for the
incorporation of its V-Chip technology into new television sets. Parent
Company, Tri-Vision International Ltd./Lte. trades on The Alberta Stock
Exchange, symbol TVL.
On behalf of the Board of Directors of Tri-Vision International
Ltd./Ltee., Najmul H. Siddiqui, Chairman, President & CEO (416-298-8551).
The Alberta Stock Exchange has not reviewed and does not approve or
disapprove of the adequacy or accuracy of this release.
SOURCE: Tri-Vision International Ltd.
/CONTACT: Century Communications Corporation at (888) 298-8551 (toll
free), or by E-mail to tri-vision(at)tri-vision.ca, or Najmul Siddiqui,
Chairman, President & CEO, (416) 298-8551, or visit Tri-Vision's Internet site
at tri-vision.ca
(TVL. TVSNF)
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