Isee3D to stream extreme sports in 3-D for skatesurfsnow.com
Isee3D Inc EYEC
Shares issued 59,794,721 Jul 21 close $1.09
Thu 22 Jul 99 News Release
Mr. Gary Oberman reports
Isee3D Inc. will be the exclusive 2-D and 3-D video content provider for
www.skatesurfsnow.com, one of the world's leading extreme sports Web sites.
Isee3D will install cameras and encoder hardware at a physical site known
as the Hub, in Huntington, Calif., in order to stream video of some of the
world's best extreme sports athletes onto the Internet. The Hub, a 5,000
square foot commercial space, has been equipped with various ramps and
other required fixtures by skatesurfsnow.com and is a main training centre
for top skateboarders and rollerbladers. Skatesurfsnow.com generates
revenues from advertising, sponsorship, and from its on-line merchandise
store. Isee3D Inc. will have a 50-per-cent interest in all revenues
generated from skatesurfsnow.com.
www.skatesurfsnow.com currently reports approximately 1.5 million Web site
hits per month.
Gary Oberman, president of Isee3D stated: "The success of the X-Games
televised annually on a global scale, as well as the exponential growth of
skateboarding, snowboarding and rollerblading make this opportunity very
exciting for our company. We think people will be extremely impressed when
they see some of the world's most talented athletes in live-streamed 3-D.
We are also very encouraged by the existing Web traffic and on-line
merchandise sales and look forward to dramatically increasing those numbers
once we've added streaming video to the site offering", continued Mr.
Oberman.
Frank Drechsler, president of Pacific Trading Post.com Inc., the parent
company of skatesurfsnow.com stated: "We are very excited about our
relationship with Isee3D Inc., and believe that it will lead to exponential
growth in Web traffic and revenues for our Web site. Skatesurfsnow.com with
its expertise in extreme sports has created a large traffic site with
impressive on-line merchandising revenues. We have done this without video
streaming these exciting sports events. Once we add 3-D video, we plan on
being one of the most exciting Web sites on the Internet."
Mr. Oberman concluded: "The success of our company rests in large part on
our pioneering ability to proliferate 3-D on the Internet. We are doing
this by streaming interesting content and creating a demand for that
content and for our 3D retail kit while at the same time pursuing hosting
fees and a share in advertising, merchandising and other revenue streams.
With our announcement earlier in the week regarding woodstock.com, and the
current agreement with skatesurfsnow.com, we are accomplishing these goals
and creating value for our shareholders."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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