This is the news that caught my attention on EDUV...
But first, here are the numbers:
13M O/S, Float 3M. company web page (it is nice)
eduverse.com
RENO, Nev.--(BUSINESS WIRE)--Jan. 5, 2000--eduverse.com (OTC BB:
EDUV - news) today announced that it has signed an agreement with
International Global Networks B.V. (IGN) granting IGN the exclusive
right to broadcast eduverse.com games on the World Wide Web, through
www.startv.com or other Satellite Television Asian Region Limited
("STAR TV") online properties.
"We are very excited to be providing our games to STAR TV. I am
confident that STAR TV will impact new media as significantly as it
has impacted traditional media throughout Asia," stated Mark E. Bruk,
Chairman, President and CEO of eduverse.com. "We are very proud to be
a part of one of Asia's leading Web portals."
"We are pleased with the relationship and we look forward to
working with eduverse to generate more exciting contents for our
online properties," stated Gary Walrath, Executive Vice President of
STAR TV.
Under the terms of the agreement, other than eduverse.com, IGN
will be the exclusive host of eduverse.com games on the Internet.
eduverse.com and IGN will share in advertising revenues generated from
the sale of advertisements displayed within the games.
STAR TV is a subsidiary of The News Corporation Limited
(www.NewsCorp.com). The STAR TV network offers both subscription and
free-to-air television services, reaching more than 300 million
viewers. Services carried on the STAR TV network include Fox News,
ESPN, STAR Sports, STAR Chinese Channel, Phoenix Chinese Channel, STAR
Plus, STAR World, CHanneL [V], STAR Movies, Phoenix Movies, VIVA
Cinema, STAR News, ZEE News, ZEE Cinema, ZEE TV, Sky News and National
Geographic Channel.
eduverse.com is a technology-based company at the forefront of
creating and marketing online educational programs for use in school
systems around the world. eduverse.com has developed a strategically
focused revenue model that allows corporate sponsors to integrate
their advertisements into superior-quality education programs that
reach highly targeted and selected student audiences. For more
information on the company, call 604.623.4864 or visit the Company's
web site at www.eduverse.com or email info@eduverse.com.
My chat with the CEO, Mark Bruk today confirmed that the business plan is to continue expanding both domestically and through Asia. I also inquired about the PR firm they hired... they are being paid in options which converts to restricted stock... LOL no worry about selling there.
The PR company indicated that we can expect more good NRs in the future... in the meantime this deal with IGN/Star TV is huge in my opinion.
Do your own DD.
Tom |
