IDFR News
Wednesday June 13, 1:30 pm Eastern Time
Press Release
SOURCE: ID Four Ltd.
ID Four Acquires Stream Technology for $3.5m
SAN DIEGO, June 13 /PRNewswire/ -- ID Four Ltd. (OTC Bulletin Board: IDFR - news) today announced the signing of the contract for the acquisition of Stream Technologies.
ID Four's Board of Directors today announced in a deal worth $3.5m, that the Stream Technologies purchase was a Major Technological Advancement to the company's proprietary software library, particularly in the IDC arena.
Details of the acquisition are confidential, however the company's CEO did state that the purchase would not affect the company's Float for at least one year.
Stream Technologies is a privately held UTAH Corporation, and holds the proprietary Technology which drives online Gaming Sites, such as: ``Letsplaysomegames.com.'' The Technology is an extremely advanced IDC client, which fits perfectly with ID Four's year 2001/2 Development and Marketing plans for both the company's ``Discovery'' CD Programs and the ``OEM'' markets, which are designed to replace the former ``Aveo-Attune'' IDC client. The advanced IDC Client will advance the opportunities available to ID Four in the ``Desktop Communications'' sector, which will ultimately create more revenue for the company.
Stream Technologies' proprietary software was developed by the company's President and CEO. Mr. Randy Whetton, who will be appointed to the Senior Board of Directors of ID Four Ltd. as Chief Technical Officer [CTO]. Mr. Whetton's Bio follows at the conclusion of the press release.
This welcome addition will enhance the company's Discovery CD Program, which includes the proprietary ``IDC'' client [Intelligent Digital Communicator] and is scheduled to start distribution in August 2001. The program has 3 phases of distribution totaling over 5 million CD-ROMs.
The ``Discovery'' CD Program is a High-Tech solution to develop a network of computer end-users who have agreed to install the IDC client at no charge on their computers, and who wish to be advised of Pre-emptive system and virus alerts before they even occur in addition to specific promotions distributed by ID Four to the network.
The distribution of the IDC client is via the company's ``Discovery'' CD Program. This program is the distribution of 5 million CDs via various media promotions delivered free of charge to the end users. ID Four's strategic partners who are including trial software programs on the ``Discovery'' CD including the AOL program, are sponsoring the cost of the program along with ID Four. The benefits to the participants are increased revenues from the upgrades to the full versions of the software programs. ID Four also shares in the revenues from the upgrades including the AOL program. Additionally the strategic partners will then have the opportunity to license from ID Four the use of the IDC client to message the network of end users with Pre-emptive alerts and marketing messages.
ID Four further announced today, talks are still continuing with the Major Power Companies for the use of IDC Technology as a Pre-emptive Rolling Blackout Alert system.
Randy Whetton
CEO
Stream Technologies, Inc.
Mr. Whetton has a degree in Business and computer sciences, co-owned a long-distance company, and built from the ground up an online worldwide gaming platform (Internet based).
-- He developed a switching program for flat rate long distance, and built
a network in 13 western states using this flat rate platform.
-- He was responsible for all aspects of technical operations.
-- He negotiated contracts with "Big Three" phone companies.
-- He developed relationships within Industry.
-- He oversaw billing of 36,000 customers.
-- He purchased real estate for developing call centers and corporate
offices.
-- He developed on-site switch rooms, multiple POP's.
-- He implemented training course for new hires.
-- He developed new products that increased sales.
-- He negotiated with marketing company to sell long distance
-- He has 8+ years in extensive computer programming, C/C++, SQL, Delphi,
web page designing.
Web Programming ...
-- Programmed a tremendous world wide gaming presence on the Internet.
-- Built and maintains Web and E-Mail servers.
-- Built and maintains SQL server databases that will support 5 million
customers and clients.
-- Programmed backroom code for 384 of the most popular and dated games
enabling them to run smoothly and flawlessly over TCP/IP Internet and
local area networks.
-- Built http:// letsplaysomegames.com in Java script, JBScript, html web
site code, CSS, backroom code, CGI Code, and the DHTML wireless
Internet protocol as well as C/C++, Visual Basic.
-- Built Internet Site locations using Cisco and 3Com routers. IBM Web
Servers Connected to a Quest, ATT, and UUNET Backbone Directly to the
Internet.
-- Developed a new search engine technology.
-- Developed a compression technology that allows gaming clients use voice
and video while playing games from across the world using a standard
Internet connection at speeds as low as 28.8.
Board of Directors, ID Four Ltd.
For more information please contact: ID Four Ltd., Public Relations Department, 7825 Fay Avenue, La Jolla, CA 92037 Tel: 858/456-3524 Email: Info@idfour.com.
``Safe Harbor'' statement under the Private Securities Litigation Reform Act Of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of Competitive products and pricing, product demand and market acceptance, new Product development, reliance on key strategic alliances, availability of Raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's press releases.
SOURCE: ID Four Ltd. |
