B: Nevtah Announces Cybersensor.com VAR Agreement With ORBCOMM
PALM BEACH GARDENS, FLA. (May 10) BUSINESS WIRE -May 10, 1999--Nevtah
Capital Management Corp. ("Nevtah") (NASD OTC:NTAH) announced that
Cybersensor.com Inc. ("Cybersensor"), a subsidiary of Petroleum Asset
Management Co. has become a Value Added Reseller ("VAR") for ORBCOMM
Global LP ("ORBCOMM").
Cybersensor will now market its proprietary web based software,
CyberVip, to its own customer base as well as ORBCOMM users and VARs on Cybersensor's world wide web server. CyberVip will allow users access to remote locations using their PCs and existing software without special training, expensive field equipment, interfacing or adding additional systems. The Cybersensor system will provide economical two-way communications for a very large variety of industries and applications that cannot afford the present more expensive systems.
Cybersensor's technology will open new markets for ORBCOMM and create
many opportunities for Cybersensor, other VARs and communication
companies that have customers worldwide that require controlling and
monitoring applications at economical rates.
ORBCOMM is the second largest Low Earth Orbital Satellite (LEOS)
company in the world, specializing in communications of low-level
transmission for many industries and currently serving over 100
countries. ORBCOMM, www.orbcomm.com, is a partnership owned by Orbital
Sciences Corp. (NYSE:ORB) and Teleglobe Inc. of Canada (NYSE:TGO). The
company presently has 32 satellites with plans to send 8 more in orbit
this year.
Cybersensor is currently the only web based software Internet server
offering direct satellite link and two-way communication capability in
one process. The Cybersensor approach will allow a pricing structure
far below any competitor having similar capabilities.
As previously announced, Nevtah will acquire 50% of Pamco and will have the rights to use both the Pamco and Cybersensor technologies for
Europe. On behalf of the Board of Directors Daniel P. Kesonen,
President
-0- pp/mi*
CONTACT: Nevtah Capital Management Corp., Palm Beach Gardens
Daniel P. Kesonen, President
561/626-9901
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
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