Cool older news: Proxity Digital Networks, Inc., and Media Fusion LLC to Jointly Develop ASCM Technology
NEW ORLEANS & DALLAS--(BUSINESS WIRE)--March 14, 2002--Billy Robinson, CEO of Proxity Digital Networks, Inc. (Pink Sheets: PDNW - news), announced today that Media Fusion, LLC and Proxity Digital Networks (PDNW) entered into a letter of intent to develop, deploy, and manage Advanced Sub-Carrier Modulation(TM) (ASCM), a magnetic resonance field based communications technology. Proxity's CEO, Billy Robinson says, ``We are excited about the opportunity to work with innovative technology, ASCM and scientist/inventor Mr. Luke Stewart.''
The agreement is already gaining favor with potential strategic partners and has raised global interests. ``We at Media Fusion have always been focused toward developing inexpensive ultra-high bandwidth communications for the wired world,'' says William ``Luke'' Stewart, Chairman and Chief Executive of Media Fusion. ``We are pleased with this venture and with the added leadership of Proxity.''
The new venture between the two companies, called Proxity Media Ventures LLC, is committed to provide funding for Stewart's development team and licensing support to companies already pledged to develop reliable power line communications (PLC) infrastructures and next generation consumer electronics.
About Proxity Digital Networks, Inc.
Proxity Digital Networks, Inc., (OTC PINKSHEETS: PDNW) is a New Orleans based integrated entertainment and technology company. PDNW's recent acquisitions now include Proxity, Inc., (http://www.proxity.com) a leading global provider of end-to-end online solutions for the small-to-midsize e-business market and Neighborhood Access Corp. owner of (http://www.goez.net). Proxity and Neighborhood Access Corp. are headquartered in Costa Mesa, CA. PDNW also has acquired Trivia Group, Inc. owner of (http://www.triviaspot.com) and (http://www.funtrivia.com) and Computer Support Associates, Inc. (http://www.csa-solutions.com) based in New Orleans, LA and dotNow.com, Inc. (http://www.dotnow.com) an ISP based in Des Moines, Iowa.
Statement Under the Private Securities Litigation Reform Act With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company.
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Contact:
Proxity Digital Networks, Inc.
Billy Robinson, 504/524-5425
Fax: 504/524-5424
proxity.com
or
Media Fusion LLC
Luke Stewart, 972/671-2388
Fax: 972/705-9472
mediafusionllc.com
or
StockBroker Associates, Inc.
Tony Rago, 702/967-2360
Fax: 702/947-3189
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