From sec doc.
12/22/97
The Company also intends to rely on arrangements with retailers and
contract manufacturers in connection with meeting the balance of the capital
requirements necessary for the Company to manufacture, market and distribute the
Digital Home Theater. The Company is in the development stage and, to date, its
sole revenues have been $1,455,000 in fees and $409,889 from the sale of the
Digital Home Theater. Of such fees, $1,000,000 was derived from a government
agency to develop certain projection technology for use in a high definition
television projector and the remaining balance, $455,000, from licensing
agreements. The Company anticipates that scheduled shipments of its Digital Home
Theater for the remainder of 1997 will be sufficient to bring the Company out
of the development stage. The Company has completed research and development
with respect to the Digital Home Theater projector, although certain engineering
refinements are still ongoing, including optimizing picture brightness for a
new rear projection system.
Projectavision
Exhibit A to OEM Agreement
Product Description/Pricing
dated 9 September 1996
Description Part Number Price
----------- ----------- -----
Projectavision
--------------
Digital Projection System (DPS) TBD $2,500.00
Model DPS1A1A2 (Rear Projection Only)
Front Projection Lens TBD $450.00
***All three agreements with
CMAC
COMO
and TI
Are listed in full. |
