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Gold/Mining/Energy : CHANNEL I CANADA INC. (CNLI) CDN
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To: Len Short who wrote (81)10/23/1997 4:49:00 PM
From: burner  Read Replies (1) of 95
 
Joint venture agreement formalized

Channel i Canada Inc CNLIShares issued 580407211997-10-22 close $0.09Thursday Oct 23 1997Mr Guy Desautels reports The proposed joint venture agreement with Univirtuel Multimedia & Interconnectivity Inc. of Bromont, Quebec, has formalized. This agreement represents a major step for Channel i, which has spent the past year developing its local content/TVConnect format in its proposed plan to make the company's interactive community and on line services and the Internet accessible to every home. Univirtuel will bring the expertise and management necessary as well as a wealth of new products and services to be added to the Channel i line. Univirtuel is a multimedia organization, developing CD Rom titles for worldwide distribution, as well as having contracts for multimedia development with IBM Canada, banking institutions and other entities. Univirtuel is also active in the training of personnel at the professional and user levels and is developing innovative new products to go on sale in the first quarter of 1998. The UNIVIRTUEL web site can be visited at As a basis for the predicted growth of the industry, International Data Corporation conducted an extensive research study which predicts that the electronic commerce market will soar from $2.6 billion in 1996 to more than $220 billion in 2001. TeleDirect's Canadian printed yellow pages alone reported income of $500 million in revenue in 1996. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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