Isee3D 3-D retail kits available on-line
Isee3D Inc EYEC
Shares issued 60,658,269 1999-10-13 close $0.69
Thursday Oct 14 1999
Mr. Gary Oberman reports
Isee3D inc. will make a limited number of its 3-D retail kits available for sale off of its Web site, www.isee3d.com, this Monday, Oct. 18, 1999, at $29.95 (U.S.).
"As a result of the recent massive earthquake in Taiwan, the production of our 3-D retail kit has been delayed by two weeks," said Gary Oberman, president of Isee3D. "We are pleased to offer a limited number of kits in advance of our full blown launch on Oct. 31, and these first customers will be participating in the historical beginnings of 3-D streaming on the Internet," Mr. Oberman continued.
The executive management of lsee3D also wishes to address the recent appearance of its technology at the Digital Hollywood Show in Los Angeles, and the current state of the company.
"We are pleased to announce that we have completed successful content filming projects with the Baltimore Orioles of major league baseball, and with the Formula Atlantic car racing circuit. Extensive 3-D footage of both the Orioles and Formula Atlantic was filmed by Isee3D in September and unveiled at the Digital Hollywood Show two weeks ago in Los Angeles. The quality of this content for streaming on the Internet is spectacular and has received rave reviews from several major media companies in Los Angeles, and several professional sports franchises with whom we continue to hold high level discussions," revealed Mr. Oberman.
Commenting on the recent decline in stock price, Mr. Oberman commented as follows: "We are not able to explain the recent fall in share price, and in fact are surprised by it considering where we are in terms of our technology and our business plan. lsee3D made the claim not long ago that we would become pioneers in 3-D streaming on the Internet and that we would derive revenues from the sale of the retail kit, advertising within the stream, and through major content deals.
"We are on target to deliver on this claim and I, along with our talented and committed Internet advisory board members -- Rory Olson, Joel Leonoff, and Mitchell Garber -- and employees, continue to share in the vision and the belief of our product and our model. What we have accomplished in only eight months is incredible, and the future for Isee3D and the interest in 3-D streaming on the Internet is brighter than it ever has been."
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