NEWS: (PR NEWSWIRE) Perceptronics Adds David Goldsmith to IC3D Marketing Team Perceptronics Adds David Goldsmith to IC3D Marketing Team WOODLAND HILLS, Calif., June 30 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR) today announced that David Goldsmith, a highly regarded television and convergent media expert, will work with the Company to help market and develop new applications in entertainment, e-commerce and education for Perceptronics' IC3D(TM) Framework for Collaborative 3D on the Internet. Mr. Goldsmith will coordinate his efforts with those of November Lazar Scher (NLS), the well-known Hollywood marketing consulting and product licensing firm with whom Perceptronics has a non-exclusive agreement for IC3D marketing in entertainment and related industries. Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer, said, "David Goldsmith adds another dimension of expertise and ability to our emerging marketing team. He is particularly strong in the area of convergent media -- such as enhanced television -- a potentially large future market for IC3D. David is already working with NLS on other projects as well, because his capabilities and interests mesh so well with theirs." David Goldsmith said, "I am honored to be included in the company of the talented computer scientists, engineers and entrepreneurs who have enabled the cutting edge media convergence applications that the IC3D Framework offers. This technology crosses over all Internet business applications, and I am delighted to be part of the IC3D team." Dr. Weltman said, "David's background is television. He is a highly talented and experienced broadcast executive with more than 25 years of continuous work in the Hollywood production community. David has supervised or produced hundreds of hours of television programming including "Shogun," "Winds of War," "Max Headroom," "Valerie," "Perfect Strangers" and "She's The Sheriff." As a senior manager and creative affairs specialist, he has controlled the budgets and run the programming operations for various organizations including Grant-Tribune Productions, Lorimar Television, Gaylord Productions, Chuck Fries Productions, Paramount Television and MGM Television." "David currently heads a full service program/marketing consulting firm," Dr. Weltman continued, "that assists new and established companies with high-level development and marketing contacts to major media outlets. His clients have included MTM/Family Channel, Pixo Digital, Leucadia Film Corp., Team Entertainment, Feature Films for Families, Yello Dyno, Aim High, Inc., Insurance Broadcast Systems, University Access, ECW and Television Restaurant Corp." "In addition, David is developing other new media capabilities in the emerging ancillary markets that include home video, direct response, transactional television, cause-related marketing, enhanced television production, and Internet broadcasting. He is currently promoting relationships between new media companies and traditional entertainment companies as the convergence of media continue to evolve. Perceptronics believes these areas will be fertile future grounds for application of collaborative 3D capabilities." Perceptronics performs research and development and manufactures and markets computer-based simulation systems and software for military and commercial training and decision support. Further information about Perceptronics and its products can be found on the Internet at www.perceptronics.com. Statements regarding the Company's expectations about growth and marketing strategies, new and existing products, future financial performance and other Forward Looking Statements are subject to various risks and uncertainties, including, without limitation, technological factors, competitive factors, cash flow factors, ability to obtain required financing and uncertainties relating to foreign and defense-related sales. These and other risks and uncertainties are discussed in greater detail from time to time in the Company's SEC filings and reports. SOURCE Perceptronics, Inc. -0- 06/30/99 /CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, or fax, 818-340-6067/ /Web site: perceptronics.com (PCTR) CO: Perceptronics, Inc. ST: California IN: CPR MLM ENT |