IVGG List stock news:
IVG Portfolio Company, iTVr, Announces Operating Name Change to DVisions
HOUSTON, May 1 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board: IVGG - news; ivgcorp.com) today announced that its portfolio company, iTVr, Inc., will begin making the transition to operate under the new name of DVisions, Inc. to reflect the company's strategic focus on the digital entertainment market.
``The strategic decision to change our name came after evaluating the need to more clearly position who we are, what we bring to market, and how we will further our expansion,'' said President and CEO of iTVR (d/b/a DVisions), Dr. John Scott. ``The name change is a key element of the company's mission statement -- to be at the forefront of the consumer marketplace for STV, HDTV and Internet communications. We feel the name DVisions will promote better recognition for us as we continue to expand our product offerings and reinvent digital entertainment.''
About DVisions (iTVr)
Headquartered in Santa Clara, CA, DVisions, (http://www.dvisions.tv) is a leading developer of broadband Internet appliances and infrastructure technologies. DVisions has developed proprietary 'time-shifting' video recording technology that enables television viewers to customize and control the playback of broadcasts (pause, fast-forward, rewind, slow motion and single frame) in real-time. The company is also developing technology that converts standard analog television transmissions into the HDTV (High Definition Television) format. IVG subsidiary Swan Magnetics, Inc. owns approximately 46 percent of DVisions common stock.
About IVG Corp., Inc.
IVG Corp. acquires and enhances revenue-generating companies with a compelling business model, technology and/or proprietary service. IVG Corp. provides a value-added corporate structure intended to enable its portfolio companies to quickly leverage their expertise and deploy their business strategy by utilizing the management, financial and corporate resources of the Company. IVG Corp. currently trades on the NASD OTC Bulletin Board under the symbol IVGG.
Safe Harbor Statement: This press release includes forward-looking statements, including statements relating to the future business of DVisions (iTVr). These statements are made under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, among others: risks relating to the ability of IVG Corp. management to successfully accomplish fund raising activities, the ability to achieve or sustain profitability; limited operating history; possible financing needs; risks associated with identifying and completing acquisitions; risks associated with the integration of acquired technologies, operations and personnel; risks of being deemed an investment company; exposure to unforeseen liabilities of acquired companies; the requirement to record additional future operating costs for the amortization of goodwill and other intangible assets, which amounts could be significant; business conditions in the e-commerce and Internet generally; the impact of market competitors and their product and service offerings; and the economic, competitive, governmental, technological and other factors identified in IVG Corp.'s filings with the Securities and Exchange Commission. These factors are described in further detail in IVG Corp.'s filings with the Securities and Exchange Commission, available online at freeedgar.com.
CORPORATE CONTACT
IVG Corp.
Mr. Richard Twardowski
Phone: (281)295-8400
Email: richard@ivgcorp.com
Web: www.ivgcorp.com
INVESTOR & MEDIA RELATIONS
Mindshare Communications
Mr. Anthony Zelen
Toll Free: (888) 301-6788
Fax: (604) 806-3367
Email: ivgg@mindsharecommunications.com
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
SOURCE: IVG Corp., Inc. |
