New Visual Entertainment, Inc. and Stratcomm Media, Ltd. Terminate Investor Relations Agreement.
Author/s:
Issue: May 4, 2000
SAN DIEGO, May 3 /PRNewswire/ --
New Visual Entertainment, Inc. (OTC Bulletin Board: NVXE) and Stratcomm Media, Ltd. announced today that they have mutually agreed to terminate their previously announced Investor Relations, marketing, publishing and communications agreement.
The Company may be contacted for investor information via e-mail at nvxe@newvisual.com or at the Company's administrative offices in San Diego at 619-692-0333. For information regarding the Cu@OCxtm technology, please review a profile about the technology on the Company's website at newvisual.com or the New Wheel website at newwheeltechnology.com.
New Visual Entertainment, Inc. is pioneering the development of high bandwidth technology in conjunction with high data 3-D content and animation, with the mission to utilize existing telecommunications infrastructure to deliver it to the home. Through its New Wheel Technology, Inc. subsidiary, New Visual is developing proprietary advanced algorithms which would allow high data rate transmission over existing copper telecommunications infrastructure, while permitting voice communications simultaneously on the same pair of wires. Its initial development efforts are focusing on "Very High rate Digital Subscriber Line" (VDSL), and have demonstrated results exceeding industry standards. New Visual is a true stereoscopic 3-D production company. Through its Impact Pictures, Inc. subsidiary, New Visual develops web animation, streaming media, multimedia production and CD-ROM business cards. New Visual's common stock is listed on the Nasdaq stock market's over-the-counter bulletin board under the symbol NVXE.
Stratcomm Media, Ltd. and its subsidiaries provide financial publishing and marketing services that focus on publicly traded companies. Stratcomm's subsidiaries include: Gulf/Atlantic Publishing Inc., publisher of the Financial Sentinel magazine and investor newsletters including Rumor Mill, Confidential Fax Alert and financial Sentinel Observer; Rainbow Communications, which assists private companies with the process of becoming public and provides investor relations services to small- and micro-cap companies; Arrow Marketing, an in-house creative agency; Applied List Management, a database marketing firm; and Altamonte Printing. Stratcomm has been temporarily delisted from the OTC-Bulletin Board and is currently trading on the EQS "pink sheets."
With the exception of historical information contained in this release, this release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the internet, computer, and 3D film and video industries; reliance on third parties including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this release and in the Company's Securities and Exchange Commission filings.
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