EDnet, Inc. (www.ednet.net)
On June 20, 1998, we acquired a 51% interest in EDnet, Inc., a Colorado corporation ("EDnet") whose common stock is listed on the OTC Bulletin Board under the symbol DNET. Based in California, EDnet is a systems integrator and network service provider, specializing in the transmission of digitized audio and video over wide area networks (WANs). EDnet's client base of more than 500 companies includes LucasFilm's Skywalker division, Sony Entertainment, Disney,
MGM, Capitol Studios, Warner Brothers, NFL Films and PGA Tour Productions.
EDnet recently introduced its new video transmission product which it is selling to its existing customer base as well as advertising agencies and production companies. We believe that EDnet will continue to increase its revenues through additional sales of audio and video equipment and increased usage of its networks. |
