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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc.
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To: Amjad who wrote ()5/17/2000 11:36:00 PM
From: Bill Pearson   of 2211
 
From NVXE's most recent 8K filing with the SEC (not from today's PR which read similarly):

NVXE has arranged for a division of Lucent, Lucent's Networkcare Grp, to test and validate New Wheel's broadband technology:

ragingbull.com

ITEM 5. OTHER EVENTS.

On April 20, 2000, New Wheel Technology, Inc., a wholly owned
subsidiary of New Visual Entertainment, Inc., entered into an agreement with
Lucent Technologies' NetworkCare Professional Services for the purpose of
helping to test and validate the Company's Cu@OCx(TM) broadband internet
transmission technology.

The agreement calls for Lucent NetworkCare Professional Services to act
as an independent evaluator in conducting a test of the Cu@OCx(TM) technology
and prepare a report on its performance. New Wheel is seeking an independent
evaluator to evaluate, in particular, the bit error rate, speed and distance of
the data transmission achieved by the technology. New Wheel is attempting to
achieve a High Speed Metallic Transmission at 52 Mbps (megabits per second)
speed over an 8,500 foot distance on 26 gauge wire, with hopes to expand the
distance capabilities of the technology to approach or exceed a target
transmission distance of 15,000 feet.

Lucent's agreement to act as an independent evaluator of the Cu@OCx(TM)
technology does not constitute an endorsement of the technology.
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