Antonio do you remember this press release?????
Does anyone know what the status is of this Contract.
Is this revenue going to be generated this year???
Toronto, Canada, October 8th, 1996
Mytec Technologies Inc. listed on the Toronto Stock Exchange
("Mytec", trading symbol MYT) of Don Mills, Ontario, announces that it
has signed a License and Supply Agreement with CasinoWorld
Holdings, Ltd. ("CasinoWorld") of Del Mar, California.
CasinoWorld has created an interactive multimedia gaming system called
Virtual CasinoWorldT which provides real time Internet access to a
virtual casino with transactions processed through a bank domiciled in
Monaco. Pursuant to the agreement, Mytec will integrate its Biometric
Encryption technology into CasinoWorld's gaming system, thus ensuring
positive identification of individuals engaged in gaming transactions, as
well as the privacy and security of those transactions. This contract
represents the world's first application of biometrics and more
specifically, of Biometric Encryption in connection with securing on-line
transactions over the Internet.
CasinoWorld plans initial sales to individuals in Europe, the Mid-East
and Asia. Shipments are expected to commence in mid-1997 and based
on CasinoWorld's estimates, revenues from this source for Mytec are
expected to be in the range of $15-30 million for the first 12 months of
production.
Biometric Encryption is the process of using a person's finger pattern to
code or scramble data, such as a PIN or password. The coded data is
both secure and private since only the person's live finger pattern can
decode the data. |
