(Applies to: DVDT)
Digital Video Display Technology Corp.'s Common Stock Now Trading Under
Symbol DVDT
LAS VEGAS (March 3) BUSINESS WIRE -March 3, 1999--Digital Video Display
Technology Corp. (OTC Bulletin Board: DVDT) announced today that its
common stock is now trading over-the-counter. The company expects to
meet the requirements of, and apply for listing on, NASDAQ's Small Cap
Market this year.
Digital Video Display Technology Corp. ("DVD") was formed to take
advantage of the convergence that exists between technology and the
selling of music and related materials. DVD will seek to aggressively
replace the out of date electro-mechanical jukeboxes with patented
state of the art computerized interactive eCommerce platforms that
offer the latest music and videos. The Company intends, through its
installed base, to become the largest custom content provider of
entertainment in hospitality and commercial environments such as bars,
nightclubs and hotels.
The company has acquired an exclusive license to a US patent and is in
the process of acquiring other technology that it believes will create
a strategic advantage over its competitors through its growing
portfolio of patents, patent disclosures, trade secrets, and exclusive
licenses.
The unique characteristics of this company will enable it to
successfully provide interactive multimedia solutions to its customers
and targeted marketing and merchandising strategies to entertainment
providers. The technologies will enable the company to offer a far
greater selection of entertainment and a more cost effective method of
delivering new content at a retail price point below the industry norm.
This press release contains forward-looking statements within the
meaning of Section 21A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and are
subject to the safe harbors created thereby. Such statements involve
certain risks and uncertainties associated with an emerging company.
Actual results could differ materially from those projected in the
forward-looking statements as a result of risk factors discussed in
DVD's reports that will be on file with the U.S. Securities and
Exchange Commission.
-0- jrw/ny*
CONTACT: Digital Video Display Technology Corp.,
212/521-4075
KEYWORD: NEVADA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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