Contact: Chad Harris, Director of Investor Relations of C-3D Digital, Inc., (801) 322-1111, chadh@3d.com; or Steven Johnson, Principal, of Magnum Financial Group, LLC, (213) 892-2280, sbjohnson@magnumfinancial.com.
C-3D Digital, Inc. Receives Order for 25,000 3D Players and Concludes Filming of its First 3D NBA Basketball Game.
PR Newswire, May 27, 1999
SALT LAKE CITY, May 27 /PRNewswire/ -- C-3D Digital, Inc. (OTC Bulletin Board: CQMT) announces that Concord Video Productions Ltd. U.K. has placed an order with the company to buy a minimum of 25,000 3D players over the next 12 months with the first shipments to begin June 15th 1999. Concord Video Productions is preparing a show room in the U.K. to showcase the capabilities of C-3D Digital's 3D technology.
"I feel that 3D in-home entertainment has a huge future in the U.K. I have been using and testing C-3D Digital's products for the past 6 months and I am very impressed with its 2D to 3D conversion capabilities. We have found that 90% of children in the U.K. who play video games in their home use the Sony PlayStation platform. We have tested the PlayStation with C-3D's technology and have proven that video games are much more extreme and exciting when played through a C-3D player," said Mr. Fazlul Hoque, President Concord Video Productions Ltd. Co. U.K.
C-3D Digital, Inc. also announced they have completed filming its first 3D professional basketball game by successfully shooting the Utah Jazz and the Portland Trailblazers Tuesday the 25th of May at the Delta Center. The NBA gave C-3D Digital approval to film the game without broadcast rights to demonstrate its capabilities on sporting events.
"We are encouraged by the continued market acceptance of our technology and the way our staff rises to meet each challenge we give them. The Concord Video order represents revenue in excess of $2,500,000 over the next year and extends the companies foreign distribution of its products. Our team is continuing to gain momentum and produce incredible results with each new challenge we place before them," said Doug Stanley, C-3D Digital Network General Manager.
About C-3D Digital
C-3D Digital, Inc. is an advanced technology company providing revolutionary 3-dimensional content and programming services to the entertainment, advertising and broadcast communications industries worldwide. As the leading innovator of 3D entertainment technology, C-3D Digital is the first television network to offer 3D programming exclusively to satellite and cable television subscribers. The Company also offers its customers and network subscribers the ability to convert 2-dimensional films or programming into real-time 3D. The Company maintains offices in Salt Lake City, Utah; Phoenix, Arizona; and Chatsworth, California.
Contact: Chad Harris, Director of Investor Relations of C-3D Digital, Inc., (801) 322-1111, chadh@3d.com; or Steven Johnson, Principal, of Magnum Financial Group, LLC, (213) 892-2280, sbjohnson@magnumfinancial.com.
This press release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Acts of 1995. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representations to be true and accurate based on information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects am always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission. All filings can be found under Chequemate International DBA C-3D Digital Inc. in the Edgar filings with the SEC.
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