Press Release announcing the entry of a Pizza Shop into the internet business ;-)
BusinessWire, Tuesday, May 26, 1998 at 16:42
GARDEN CITY, N.Y.--(BUSINESS WIRE)--May 26, 1998--International
Pizza Group, Inc. (OTC Bulletin Board: IPZZ; the "Company") announced
that on May 15, 1998 it entered into an agreement to merge with
Technology Horizons Corp, a technology development and venture capital
company formed for the purpose of acquiring, in whole or in part,
interests in private Internet, technology and multimedia consumer
product based marketing companies which could benefit from public
ownership, and are in need of business management assistance or
financial management assistance and organizational restructuring which
the Company can provide. The Merger was concluded on May 21, 1998 and
is effective as of that date.
The combined Company will manage and develop Technology Horizons'
current primary portfolio business enterprise, CDKnet, LLC, a later
development stage software technology company whose proprietary
CDK(tm) technology combines Internet browser functionality, "Red book"
quality audio, and full screen-full motion video in one platform that
has broad application for the multimedia marketing , advertising and
promotion areas, music and entertainment industry and music industry
special projects business. Technology Horizons Corp is the parent
company of Creative Technology, LLC (CTL) which owns a controlling
interest in CDKnet, LLC.
ABOUT CDKNET, LLC
CDKnet, LLC (CDKnet) has acquired and developed certain
proprietary software technology that enables the manipulation and
delivery of full-screen, high quality video, Web browsing capability,
text and "red book" quality sound on diskette, CD-ROM and on-line
formats. CDKnet develops and markets products that incorporate this
technology, and enters into licenses of the technology primarily for
multimedia content creation and presentation. CDKnet, LLC is now
actively and aggressively marketing its products, licensing its
technologies, and entering into technology partnerships with various
multimedia advertising and promotion agencies and the Special Markets
groups of major record companies.
Steven A. Horowitz, President and CEO of the combined company,
which will do business as Technology Horizons Corp, announced that the
Company is "very excited about the business prospects of CDKnet,
especially in the marketing and Special Markets areas of the Recording
industry. Special Markets and industry promotion are very big business
at this time and CDK(tm) technology is uniquely suited to deliver
maximum benefit to the record labels, the multimedia agencies and
consumer product marketers."
CDK(tm) technology was developed by a development staff which has
its roots at Cray Research (the supercomputer company) and the Company
believes it to be the world's best hybrid disk technology. Part of the
marketing and promotion program involves CDK(tm) technology as well as
one of the world's best video and data manipulation programs via the
use of its Game Player(tm) technology.
The CDKnet management team of Ronald Leong, CEO and Robert L.
Kelly, President provide a strong mixture of technology, consumer
product marketing and licensing expertise and the experience and
capability of developing world class products and maintaining the
Company's innovative strategy.
CDKnet has already entered into licensing agreements with such
leading entertainment companies as Sony Music, MCI, NAXOS, The New
York Yankees, Madison Square Garden (New York Knicks), Trimark Home
Video, Weight Watchers, MTV Networks, EMI Capitol Records, Wind-Up
Entertainment and King Biscuit for its proprietary CDK(tm) and PC Game
Player(tm) technologies and is engaged in discussions with other major
film studios, recording labels, recording artists, broadcast networks
and Internet access providers.
CDKnet's proprietary website Metrotainment(tm)
(www.metrotainment.com) provides a vehicle for viewer entertainment
via games, streaming of audio and video footage, on demand on-line
viewing of movies and videos, on-line sales of music CDs and various
promotional items at the CDKnet CD-Express site which will feature
more than 250,000 music titles for sale to the public throughout the
world. In short, Metrotainment(tm) provides an overall web
entertainment and e- commerce experience. Metrotainment(tm) differs
from other music retail sites and Internet viewing sites because of
the CDK's ability to deliver "hits" or "traffic" just by the push of a
button. Unlike those other on-line retailers that are paying millions
of dollars to be a "button" or "link" from someone else's Internet
service provider or search engine, or are spending millions on
advertising just to make people aware of their presence and location,
almost all of the CDK's that are going to be shipped will provide a
direct link to Metrotainment(tm) on the disk. If there are 10-20
million disks out there with the technology on them, that's almost
10-20 million potential purchasers who are just a button push away
from Metrotainment(tm) and they will be seeing the site each time they
play their favorite music and music videos on their computers.
This press release contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995 (the
"Act"). Such statements are subject to certain risks and uncertainties
and actual results could differ materially from those expressed in any
of the forward-looking statements.
CDKnet, CDK and Game Player and Metrotainment are registered
trademarks of CDKnet, LLC
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