Perhaps this company is getting it act together!!!
We can hope, at least, that the moment this company announces dollar one from real revenue, it's stock price will respond accordingly. And that moment seems very near at hand.
The former CEO seems still involved -- at least there's no open split. And if his patents were assigned to DDEV, then DDEV has 'em, unless there were extremely unlikely reversion clauses (unlikely, because investors would not put up with them).
- Charles
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Distinctive Devices Set to Launch Service in NYC for Its High-Quality, Low-Cost Wireless Broadband Connectivity for Internet, Data and Video Conferencing Services
DELRAY BEACH, Fla.--(BUSINESS WIRE)--July 14, 2000--Distinctive Devices, Inc. (OTCBB:DDEV) announced that James W. Wolff has been elected President, Director and Treasurer of the Company replacing Michael J. Paolini, who resigned as CEO last month. Mr. Paolini continues to serve the Company as an engineering consultant.
The Company has completed construction of an antenna array system in New Jersey, facing Manhattan, intended to provide low-cost, two-way, broad bandwidth microwave connectivity for internet, data and video-telecommunication service. The Company's system would make available to subscribers a high-speed, wireless "last mile" connection to the internet, bypassing the local "loop" (a landline connection offered by local telephone companies). The Company also reported that it is launching a beta test of the system to a limited number of users in the New York City area for a trial period of thirty days.
Also, discussions are underway with other companies with regard to the installation of the Company's proprietary (patent pending) wireless array towers in three foreign locations. The Company proposes to franchise or license its technology including "video streaming" to foreign developers on a country-by-country basis. |
