Here's one for you: NETC. They just changed their symbol to this from GENS to reflect their internet business. They will be opening a website on Tuesday for Travel. It will allow the user to look at videos at various places so they can decide where they want to go. Read the below release. It's going to be huge. And the kicker is a lot float. That will make this fly:
====================================================
LOS ANGELES--(BUSINESS WIRE)--Feb. 9, 1999--United Internet Technologies, a subsidiary of United Leisure Corp. (OTC BB:UTDL) Tuesday announced the public debut of the first licensed application of their full-frame, full-motion Internet video technology, parallel addressing video (PAV).
The licensee is Genisys Reservations Systems Inc. (Nasdaq:GENS - news).
Genisys announced on Wednesday that they are launching the first phase of their travel Web site, www.netcruise.com, on Feb. 16. UIT's proprietary technology permits authorized users to access an extensive video library of travel destinations in full-motion, television quality video while online.
Compared with current technology in use, UIT's unique technologies eliminate problems typically experienced by Internet users trying to access streaming video on the Web. One recent example of this was Broadcast.com's (Nasdaq:BCST - news) Web-cast of ''Victoria's Secret Fashion Show.'' Some viewer reactions to that broadcast were that images were ''fuzzy'' and looked like ''dancing postage stamps.''
Brian Shuster, president of UIT, said: ''PAV does not rely on bandwidth to present video, but rather utilizes parallel addressing of local media. PAV applications run at 30 frames per second, providing full-frame, full-motion video with the Internet at broadcast quality.
''With this technology, an Internet user can see full-screen, full-motion video without downloading delays and/or low-quality video streaming technology -- just like on television. The PAV technology can be utilized for television-style entertainment, advertising and Web-based training, education and product catalog sales,'' Shuster said. |
