NSTG-company is starting to get closer and closer
to reaching some of that potential that i saw
possible when the year started...
hope you all do some dd on this company soon
NorStar to Profit From Untapped Global Visual Simulation Market
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 22, 2000--NorStar Group, Inc., (OTCBB:NSTG) acknowledged today that it intends to penetrate the untapped global visual simulation market.
According to the latest report published by Cyberedge Information Services, the worldwide VizSim market, worth more than $24 billion in 2000, is expanding at more than 50% annually. VizSim systems are used for applications as diverse as medical training, virtual prototyping, entertainment, cultural preservation, and architecture. The report also stated that 21% of the VizSim systems use the Internet to deliver content.
"The Company is now positioned at the exact time and place in history to establish itself as an industry leader," said Jay Sanet, NorStar's Director of Corporate Development. "NorStar is developing numerous innovative methods and VR products that can crack this global visual simulation market wide open. The Company is also firming its plans to set aside a budget strictly for R&D. When the public thinks of innovation, NorStar will be the first name that comes to mind," added Sanet.
Through selective acquisitions and partnering alliances, NorStar Group, Inc. (OTCBB:NSTG) is positioning itself to be a leading provider of interactive, virtual reality, entertainment, educational, and business products and services. NorStar is also the co-developer of a proprietary lightweight, comfortable and affordable virtual reality headgear, The Cybervisor(TM), which is designed for home and school.
Safe Harbor: Certain statements contained in this press release, including but not limited to information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management and the Company's assumptions regarding such performance and plans, are forward-looking in nature. Many factors and conditions could cause actual results to differ from the forward-looking information contained in this public announcement.
CONTACT:
NorStar Group, Inc., Fort Lauderdale
Jay Sanet, Director of Corporate Development
954/772-0240, Fax: 954/492-0155
Email: NSTG@Bellsouth.net
KEYWORD: FLORIDA
BW2449 AUG 22,2000 |
