Masterpiece Technology Group, Inc. - MPTG - Signs Letter of Intent to Merge With Orion Tele-Comm Operating Company - OTOC
CINCINNATI--(BUSINESS WIRE)--May 17, 2001--
MPTG Will Obtain Exclusive E-Spin Wireless Technology
From OTOC for Healthcare
Orion Tele-Comm Operating Company (OTOC) announced today that they
signed a letter of intent to merge their Wireless Medical Division
containing the breakthrough broadband wireless product, "E-Spin(TM)"
Communication Systems Technology, with Masterpiece Technology Group.
The E-Spin(TM) concept can be described by visualizing two radio
antennas tuned to send and receive the same frequency. If the sending
antenna is put on a turntable and spun like a phonograph record, the
receiving antenna will no longer see the signal because "spin" has
been added to the signal being sent. The E-Spin wireless communication
system is capable of providing the world's best wireless connection
speeds well in excess of 36 Mbps. In comparison to other internet
connections, it's 643 times faster than the current top of the line 56
Kbps modems, 281 times faster than ISDN, 141 times faster than DSL
(at 256 Kbps), and 32 times faster than cable modems (at 1,000 Kbps).
Even faster speeds will be available by the end of the year. In
addition to being very fast, the terrestrial range of transmission
from a single tower is a very impressive 100 plus miles as compared to
a current cell phone range of only 5 miles. Ranges for the E-Spin
terrestrial satellite system are effectively unlimited.
With the launch of the E-Spin technology, hospitals and physicians
will finally be able to communicate anywhere instantly. Critical
medical records, x-rays, MRI's, CAT scans, pharmacy, laboratory,
remote diagnosis and other life saving information will be available
to the physician on a real time basis the moment it is needed.
"Communications within the Healthcare World is about to make a giant
leap into the future," stated Dr. Newell Crane, President & CEO of
MPTG. "E-Spin will not only change communications in healthcare, but
change the way patients are diagnosed and treated. Wireless Monitors
for Cardiovascular patients, blood pressure and respiratory monitors
are only a few of the devices this new E-Spin Technology will
enhance."
In addition to the communications and medical breakthroughs, it
should also be noted for our shareholders that the market cap for this
new technology is well in excess of a billion dollars. How much in
excess has yet to be determined as we are breaking very new ground.
About OTOC
Orion Telecomm Operating Corporation (OTOC) is a partnership of telecommunications professionals and established private and public companies organized to develop and provide a suite of service offerings and products for medical as well as the general businesses community. Included in the OTOC group of companies are Technology Depot (a telecommunications company), Money Phone (a Korean manufacture of PDA's and telephone equipment) and Masterpiece Technology Group.
About Masterpiece Technology Group
Masterpiece Technology Group, Inc. (OTCBB:MPTG), an Ohio-based computer company, manufactures and distributes software products for physician medical records, claims management, medical audit services and the Healthcare Compliance Program. The Company's medical records product, Masterpiece EMR, provides an information software package that collects and stores data during the creation of the patient narrative. MTG's homepage can be found at www.masterpiecetechgroup.com.
This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties. This release is a draft and not for the use of general distribution.
CONTACT: Masterpiece Technology Group, Inc., Cincinnati
Investor inquiries:
Jeff Beneson, 425/643-1440
Email: Bjeffrey5@qwest.net |
