BARONS ARTICLE
arron's Weekly! Current Corporate Reports, Page 63 New Visual Entertainment,
Inc. To Enter Internet Broadcasting Announces Intent To Merge With
Astounding.Com. Inc.; Proposed Financing.
SAN DIEGO, Ca, Sept. 27- New Visual Entertainment, Inc. (NVXE:OTC:BB)
Announced that it has entered into a letter of intent for the Company to
merge with Astounding.com.Inc.,backed by a substantial funding package
through Lilly Better Capital Group, Ltd.
As through Lilly Better Capital Group Ltd. Astounding.com is a development
stage company that intends to broadcast full screen video in real time and
on demand over the Internet utilizing a copper bandwidth technology that
allows for throughput over twisted copper pairs at approximately 51.2
megabits per second, thus offering consumers unprecedented download times.
Astounding.com also brings other Internet based companies and licenses with
options to acquire to the merger.
"Our Internet broadcasting capabilities represent a major leap over what the
Internet broadcasters are capable of achieving today," explains Jack
Robinson, President of Astounding.com, "and we are pleased to combine our
technologies with those that Ray Willenberg and his crew have developed in
New Visual Entrainment to offer extraordinary 3Dcontent to customers on the
Internet and to implement an easy to use 3D system for operating within a
computing environment."
Adds Ray Willenberg, Jr., President of New Visual, "This merger does many
important things for us,but primarly has two great implications for New
Visual, in that, first creates a need for our flat and 3D content production
capability and second establishes a broadband distribution platform for it."
The company expects additional revenue derived from advertisements placed
within it's Internet broadcasts in similar fashion to traditional TV and
Radio programing.
Contact: Lilly Better Capital Group, Ltd.
Phone (561) 361-1030
Websight: www.newvisual.com |
