Might be a good one to keep an eye on, their first real Press Release just came out today:
Tuesday August 17, 4:47 pm Eastern Time
Company Press Release
Paradigm Advanced Technologies, Inc. Announces Establishment of Web Site to Sell New Video Surveillance Product
Reports Successful Testing of New Satcom Product
TORONTO--(BUSINESS WIRE)--Aug. 17, 1999-- Paradigm Advanced Technologies, Inc. (``Paradigm') (OTC BB:PRAV) announced today that it will be selling its latest security product - the Satcom IV through an Internet E-commerce site. The site is located at Paradigm's new and enhanced web site at prav-inc.com
The Satcom unit is a PC based surveillance system, which includes some of the latest advancements in technology and provides significant advantages over traditional closed circuit TV systems (``CCTV') which rely on time lapse video tape recorders, The new system enables images to be digitally recorded on to a computer hard disk allowing for superior viewing and easier remote access.
The Satcom IV unit has been successfully tested in both small and major businesses including Shoppers Drug Mart, Bell Mobility, Peoples Jewelers, Williams Coffee Pub, Coughlin Homes and Pizza Pizza. The unit was also used in the recent Miss Universe Pageant, which took place in Trinidad.
``We are very excited about the prospects for the Satcom IV unit,' said David Karzner, President and CEO of Paradigm Advanced Technologies, Inc. ``This unit provides a very economical and effective security solution and complements our VideoBank product. We are delighted with the response that that we have received from the sites where this product has been used. By offering this product through the Internet, we believe that we can reach a far wider market place.'
Paradigm Advanced Technologies, Inc. of Toronto, Ontario (OTC BB:PRAV) develops and distributes PC based video surveillance products. The Company's VideoBank and Satcom products are designed to record, store and playback full motion, high-resolution color images which can be remotely viewed or transmitted over various types of communication mediums such as standard telephone lines. ISDN, cellular, Ti, ADSL and satellite. The Company also develops security devices that enable instant transmission of a location to a central monitoring station or personal computer through the use of a GPS satellite.
Forward-looking statements in this press release are made pursuant to the ``Safe harbor' provisions of the Private Securities Litigation reform act of 1955. Investors are cautioned that such forward -looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, competition, completion problems, technological changes and other risks.
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Contact:
Paradigm Advanced Technologies, Inc., Toronto
Selwyn Wener, 416/447-3235
e-mail: swener@better.net |
