(BSNS WIRE) Omni ParkPass, Inc., Finalizes License Agreement With Automated
Omni ParkPass, Inc., Finalizes License Agreement With Automated Business
Companies, Inc.
Business Editors
DALLAS, Texas--(BUSINESS WIRE)--Sept. 25, 2000--Omni ParkPass,
Inc., (OTCBB:OMNP) www.omniparkpass.com today announced that the
company has reached agreement for a world wide license in the live
entertainment field of use with Automated Business Companies of
Dallas, Texas.
Purchase of the fully paid up license is valued at $2.5 million
dollars and covers all intellectual property owned by ABC currently
and in the future, including the Master Operating Software System
(MOSS). MOSS(TM) technology is at the heart of the Omni ParkPass,
Inc., systems for the entertainment and amusement park industries. In
addition the license allows OPPI to sublicense the intellectual
properties to others in the live entertainment field of use.
The license agreement gives Omni ParkPass, Inc. a tremendous
opportunity to both automate the amusement and theme park industry and
sublicense others to take advantage of advanced technology in other
associated entertainment fields, according to Cleveland Smith, CEO.
Dr. Charles C. Freeny, Ph.D., President of Automated Business
Companies, is a noted inventor and developer of technology patents
including the first chip in a card (smart card issued in 1974) and the
"Point of Sale Information Manufacturing Machine," which was later
known as the Freeny patent or Internet Patent. This famous patent
covers many applications in which information (such as software
programs, video, audio, text files or any combination thereof) is
downloaded to a user's computer and then stored on a hard disk. A
recently allowed patent is the Split PC covering Virtual PC's to
eliminate hardware and software.
The OPPI system controls, operates or interfaces with key park
systems allowing park management to provide better and safer park
services at a lower cost per customer. OPPI provides the park with an
integrated, multiple money source accounting system that permits a
cashless environment and convenient Web ticket purchasing.
Omni ParkPass, Inc., products and services include operating
software systems for the amusement park and entertainment industry.
Future plans include using a debit bracelet programmed with a guest's
credit card information the wearers can use to make all purchases
within the facility, locate lost children and schedule ride times. The
Omni ParkPass system will be Internet-based. Plans also include
allowing guests to purchase tickets in advance of vacations select
ride times and take advantage of special offers.
This release may contain forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995, which involve
risks and uncertainties. Among the important factors that could cause
actual results to differ materially from those in the forward-looking
statements are economic, competitive and technological factors
effecting the company's operations, markets, products, services and
prices, as well as other factors detailed in the company's filings
with the Securities and Exchange Commission.
--30--na/da*
CONTACT: Omni ParkPass, Inc.
Cleveland Smith, 972/387-3376
Fax: 972/387-5894
www.omniparkpass.com
or
Adler Communications Group
Ray Adler, 972/387-3355
radler@adlercommunications.com
KEYWORD: TEXAS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS ENTERTAINMENT HARDWARE
SOFTWARE MARKETING AGREEMENTS
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