Hi,
I've just started looking at this company and it seems like they have a really innovative product. Can anyone shed any light on the erratic trading and large volumes when this stock is traded. Also any other relevant info, it looks like this company is now headed in the right direction.
Samir
Canadian Company Press Release
VAAV 2000-03-02 (provided courtesy of BCE Emergis E-News Services.)
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Venga Aerospace Systems Inc. Obtains License to Produce
Toronto, Ontario --
Venga Aerospace Systems Inc. ("Venga"), an emerging leader in 3D
imaging technologies, today announced that its Deep Focus Art
joint venture, has entered into a licensing agreement with the
Rowland Institute for Science of Cambridge, Massachusetts
("Rowland"), granting Venga the right to commercially exploit
Rowland's revolutionary and patented StereoJet(tm)3D technology,
which is capable of producing photo-realistic images of unmatched
3D effect and resolution.
The Rowland Institute, a world renowned research organization and
a pioneer in the field of advanced visual imaging, was
established by Dr. Edwin H. Land, the founder of the Polaroid
Corporation, to promote scientific research in a wide variety of
disciplines. In addition to its accomplishments in the field of
3D imaging, Rowland's award winning scientific teams are
currently conducting research in over a dozen selected areas of
physics, chemistry and biology.
"Rowland is the gold standard in scientific research and
development" said Hirsh Kwinter, Venga's acting President, "and
our success in obtaining this contract is further confirmation of
industry's recognition of the advanced nature of our 3D imaging
technology and production capabilities. The StereoJet(TM) process
complements our existing proprietary technologies and market
strategies, and allows us to offer our customers an additional
exciting product line".
"With the existing insatiable demand for 3D images of
increasingly higher resolution and 3D effect, acquisition of the
StereoJet(tm) process positions us on very solid ground in this
burgeoning and global market" stated Scott McNay, Deep Focus
Art's Manager of Sales and Marketing. "This technology is
currently being used extensively by the U.S. military and large
corporations such as Disney and General Motors, and is
particularly well suited for such lucrative applications as
molecular modeling, medical imaging, and architectural and
industrial visualizations" added McNay.
"Further information on the StereoJet(tm) process and our other
advanced 3D imaging technologies will be available on our new
web-site which should be on-line in the near future" added
Kwinter.
Venga's graphics division develops 2D to 3D image conversion
technologies and produces high resolution 3D images in various
hardcopy formats.
The Canadian Dealing Network has neither approved, nor
disapproved the information in this release.
General Information Contact: Hirsh Kwinter, Acting President
Telephone: (514) 489-7175
E-Mail: deepfocusart@home.com
Home page: vengaaero.shepmark.com |
