Business Wire
CORPORATE VISION ENTERS INTO NEGOTIATIONS
WITH TEXAS INFORMATION DISTRIBUTION COMPANY
BUSINESS EDITORS
TULSA, Okla. and JERSEY CITY, N.J.--(BUSINESS WIRE)--Oct. 28,
1998--Corporate Vision (OTC: CVIA.O) is pleased to announce it has in
principal signed a non-binding letter of intent to purchase 20%
ownership of ArchivalCD Inc. along with an agreement, preparing
ArchivalCD for an Initial Public Offering.
Corporate Vision CEO Keith A. Anderson issued this statement from
Jersey City, NJ: "We at Corporate Vision are very excited with the
possibility of adding ArchivalCD to our holdings, ArchivalCD services
are unique and there is currently no known competition in their
specialized field. Pending any unforeseen delays we feel we can close
this deal in less than 14 working days and begin immediate
preparations for a public offering of ArchivalCDs common stock. We
feel that ArchivalCD is a rapidly growing company that has
positioned itself in a high demand information service market sector."
ArchivalCD is a Crockett Texas Information service company: CEO
and President Daniel J. Hay offers investors this description of his
companies services.
"ArchivalCD uses several proprietary processes to scan microfilm
records, digitize the images, and replicate an image-base to CD. The
company has produced a proprietary image viewer that allows the
end-user to view images in a similar manner to using a microfilm
reader. Through the use of proprietary and licensed image compression
technology, ArchivalCD is able to place two to four rolls of film on
each CD-R disc."
"The company has both a targeted niche market of educational,
historical, and genealogical concerns, but also is able to address
government, and institutional needs for archival images. The company
expects first year sales of $3.5 million, second year sales of $5.6
million and third year sales of $9.8 million. The targeted markets
include 18 million individuals, 6000 institutions and potential
government contracts."
Additional Corporate and Investor information may be found at
ArchivalCD at their Internet site located at
members.xoom.com or during business hours at
(307)789-7786
Corporate Vision Inc. is a fully reporting company with the SEC.
This press release contains forward-looking statements with
respect to the results of operations and business of the company that
involve risks and uncertainties. Risks and uncertainties of the
company are detailed from time to time in the company's filing with
the Securities and Exchange Commission. These securities are
speculative, involve a high degree of risk and should not be purchased
by investors who cannot afford the loss of their entire investment.
--30--CSD/ch*
CONTACT: Corporate Vision
Keith A Anderson, 918/748-3603
KEYWORD: OKLAHOMA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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