QuesTec.com Files for SEC Reporting Status per NASD Rule 6530
DEER PARK, N.Y., Mar 3, 2000 (BW SportsWire) -- QuesTec.com, Inc. (NASD-BB:
QSTIE), announces that the company has submitted its Form 10-SB and supportive
documentation to the Securities and Exchange Commission (SEC), per NASD Rule
6530 ("The Eligibility Rule"). QuesTec.com currently trades under the temporary
symbol QSTIE, imposed by NASD OTC BB as a routine measure that is implemented
for numerous OTC BB issuers, and is intended to advise investors that these
companies have 30 Days to satisfy the Rule 6530 requirements. This stock symbol
change does not indicate that QuesTec.com has failed or will fail to satisfy or
meet these new SEC requirements.
QuesTec.com is an international technology-based information services provider
leading the way in providing unique computer-generated, real-time virtual
replays and in-game digital analysis content for professional sporting events on
television, during webcasts, for "Interactive Television" and video games.
QuesTec's patented products use a series of cameras, computers and sophisticated
military-grade technology to track moving objects (such as balls or players) and
instantly reconstruct digital 3D images which can be replayed in real-time,
viewed from any angle, compared and analyzed. QuesTec's products are routinely
and increasingly used during coverage of baseball, tennis and golf around the
world, while development of new products for other sports continues. QuesTec's
unique digital video content has been shown and used for analysis during
coverage of such high-profile sporting events as the World Series, the Major
League Baseball All-Star Game, the French Open, the ATP World Championships and
World Cup Golf.
In the U.S. and Europe, QuesTec.com is marketing its unique
businesss-to-business internet sports content under the eReplays(TM)
(http://www.ereplays.com) brand which was launched in the fall of 1999.
Internationally, the QuesTec brand for virtual replays has gained prominence in
Europe through the company's strategic partnership with Live Motion Company
(LMC) of Wiesbaden, Germany and through QuesTec's direct marketing efforts in
the Far East and South Africa.
QuesTec.com has devoted, and is continuing to expend, significant time and
resources to ensure that all requirements for compliance will be achieved. This
SEC filing, however, has not in any way impeded QuesTec's numerous ongoing
business initiatives and strategic alliances. Shareholders can expect
significant announcements to be made in the near future. |
