BIG NEWS
UIT'S I-C-IT Technology to Bring Terminator 2: Judgment Day Internet Enabled Devices to Life
January 12, 2001 07:58:00 AM ET
- Hasta La Vista Baby to Other So-Called Smart Toys -
LOS ANGELES, Jan. 12 /PRNewswire/ -- United Internet Technologies, Inc. (UIT), a subsidiary of United Leisure Corporation (OTC Bulletin Board: UTDL), today announced that it has acquired the exclusive rights to the feature film TERMINATOR 2: JUDGMENT DAY from Canal+ D.A., represented by The Licensing Group Ltd, to develop and distribute sophisticated Internet enabled animatronic smart Internet communication devices. The company intends to partner with consumer electronics manufacturers to build a line of smart toys based on the T2 Endoskeleton character, created by Stan Winston Studios, which will incorporate UIT's I-C-IT technology.
The T2 line of smart products will enable the user to communicate over the Internet, verbalizing typed messages, in addition to producing movements which are also sent as typed commands. The smart mechanism will react in real time in an on-line gaming environment. The T2 smart devices are being designed by special effects master Stan Winston, who has received Oscars for his work on Jurassic Park, Terminator 2: Judgment Day and Aliens.
I-C-IT technology will bring these action figures to life. According to Brian Shuster, president and chairman of UIT, "Our I-C-IT technology allows these devices to communicate and interact with each other all over the world, in real time. The T2 Internet communication devices will literally come to life as the user controls what it says and does via the Internet. Furthermore, the T2 smart mechanism may react spontaneously to digital content, such as a video game or DVD. It is the perfect technology to compliment the futuristic T2 franchise."
Terminator 2: Judgment Day features one of Hollywood's most recognized characters, the Terminator, portrayed by Arnold Schwarzenegger. Originally produced by Carolco Pictures and released by Tri-Star Pictures, the film rights are now held by Canal+ D.A. When released, T2 generated box office receipts of $250 million domestically, and more than $500 million worldwide.
I-C-IT technology allows electronic devices to be controlled remotely via the Internet, through a wireless device or through television signals. I-C-IT enabled products are designed to spontaneously interact with individuals, either through control by another user, interaction with another I-C-IT enabled device or through I-C-IT enabled digital content such as: DVDs, programming, video games, or education software.
Canal+ D.A. recently merged with Vivendi and Seagram to form Vivendi Universal. Vivendi Universal is ideally positioned to accelerate the worldwide growth of wired and wireless Internet access devices by providing proprietary, value-added content, e-services and e-commerce to customers anytime, anywhere. The combined company brings content from the world's largest music company, second largest feature film library, major entertainment production studio, second largest destination theme park company, and global leader in reference, consumer and PC-based software game publishing via Vizzavi, Vivendi's new multiple access portal, all of which is supported by the combined global distribution capabilities of Vivendi, Seagram and Canal+.
About I-C-IT
UIT has developed Intelligent Control Interactive Technology (I-C-IT), a hardware and software platform for networking devices through various digital delivery systems such as the Internet, cable, broadcast and wireless networks. Products empowered with I-C-IT technology become "smart products" and can communicate with and be controlled by the user or through interactions with other I-C-IT enabled devices. I-C-IT technology can be customized and embedded into almost any electronic product, such as home and business appliances, toys, and medical monitoring devices. I-C-IT is marketed under the slogan "the smart in smart devices."(TM)
About UIT
UIT develops software that connects electronic devices to the Internet and to other digital systems. UIT's interactive control technology allows users to communicate and control devices from anywhere in the world. These devices are designed to be controlled by the user through Internet based portals, allowing interactive communities to be created on the Internet. The smart device forms a direct link between business consumer, creating the potential for incremental subscription, e-commerce, upgrade and advertising revenue, generated after the initial device sale. Additional information is available at the company's Web site at www.uitlive.com
United Leisure Corporation (OTC Bulletin Board: UTDL) is the parent company of United Internet Technologies, Inc. (UIT). United Leisure Corporation recently announced that it intends to change its name to United Internet Technologies Corporation.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations that are subject to risk and uncertainties including the company's ability to successfully license its technologies to consumer electronics and toy manufacturers, the company's ability to deliver its technologies in a timely, efficient and profitable manner, the company's ability to establish strategic partnerships with third parties such as entertainment and media companies, and competing technologies which may adversely affect the company's ability to generate significant revenues from its core technology business. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events.
© 2001 PRNewswire
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