PCTR news, as rumored. They released news after a walkdown to 2 1/4. Now back to 2 1/2. Earnings announcement due soon also.
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(PR NEWSWIRE) Perceptronics and Brilliant Media Form Internet 3D Strategic
Perceptronics and Brilliant Media Form Internet 3D Strategic Alliance
WOODLAND HILLS, Calif., June 22 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) announced today that it has formed a strategic
alliance with Brilliant Media, Inc. (BMI), a company internationally renowned
for its design and development of interactive computer-based multimedia and
information systems.
The intent of the strategic alliance is for Perceptronics and Brilliant
Media to pool resources and create new business opportunities by developing
for third parties interactive Internet solutions combining their unique
capabilities, proprietary technology, know-how and services. Specifically,
the companies will work together to create new levels of Internet
Collaborative 3D experiences, based on Perceptronics' IC3D(TM) Framework and
Brilliant Media's interactive designs, for early adopter customers in the
entertainment, education and e-commerce markets.
Brilliant Media is a pioneer in bridging Hollywood and Silicon Valley, and
has established strong relationships and the highest creative reputation in
both worlds. Brilliant Media's principals are Steve Nelson, president and
chief creative officer, and Jonathan Harris, chief executive officer.
Steve Nelson, the founder of BMI in 1992, is widely recognized as one of
the best interactive designers in the business. His outstanding creative
accomplishments at BMI include the acclaimed entertainment product Xplora 1:
Peter Gabriel's Secret World, the movie industry's best multimedia information
system (Warner Brothers' Movie Marketing System) and innovative online service
designs for Intertainer and Oracle, as well as many other highly regarded
CD-ROM, kiosk and interactive television products. Steve's work at BMI and as
an individual has won numerous awards, including three Interactive Academy
Awards, four Digital Media Awards, the Interactive Media Festival "Sparky"
award, and the Digital Hollywood Award for best CD-ROM in the rock-and-roll
category.
Jonathan Harris, who joined BMI in January 1999, has founded and/or played
a major role in a number of successful entrepreneurial ventures. Most
recently, he took Joomi Joolz, Inc., a start-up high fashion company, from
$60K to $1.4 million in annual sales in less than one year, while garnering
publicity in every major US fashion magazine. Jonathan is a graduate of
Stanford University and Stanford Law School, and practiced law prior to
entering business.
Dr. Gershon Weltman, Perceptronics' chairman and chief executive officer,
said, "This important alliance is an early result of the previously announced
marketing agreement with November Lazar Scher (NLS), the prominent Hollywood
marketing consulting and product licensing firm. NLS introduced Brilliant
Media and Perceptronics based on their deep knowledge of both companies'
abilities and business goals and their recognition of the great amount of
synergy between them."
"Excellent human factors design and innovative interfaces will be crucial
to the widespread application of Collaborative 3D in Internet applications.
Perceptronics' objective is to make the benefits of Collaborative 3D
interaction easily and naturally available to all Internet users. Brilliant
Media's proven ability to produce highly creative, user-friendly interactive
systems, and their experience in a wide variety of entertainment and
information areas, make them a perfect partner for our early, groundbreaking
projects. Together, the two companies can offer early adopters a truly
compelling package: the novel features of shared virtual 3D environments via
the Perceptronics IC3D Framework technology, and the confidence of knowing
their users will be able to take complete advantage of all these available
features -- in an easy and thoroughly enjoyable manner."
Perceptronics performs research and development and manufactures and
markets computer-based simulation systems for military and commercial training
and decision support. Information about the Company is found on the Internet
at perceptronics.com. A description of the IC3D Technology and
HOTRC is at ic3d.perceptronics.com.
Statements regarding Perceptronics' expectations about growth and
marketing strategies, new and existing products, future financial performance
and other Forward Looking Statements are subject to various risks and
uncertainties. These include, without limitation, technological factors,
competitive factors and cash flow factors, uncertainties relating to foreign
and defense-related sales, and requirements for additional financing for
development and marketing activities. These and other risks and uncertainties
are discussed in greater detail from time to time in the Company's SEC filings
and reports.
SOURCE Perceptronics, Inc.
-0- 06/22/99
/CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470,
or fax, 818-340-6067/
/Web site: ic3d.perceptronics.com
/Web site: perceptronics.com
(PCTR)
CO: Perceptronics, Inc.; Brilliant Media, Inc.
ST: California
IN: CPR MLM ENT
SU: JVN
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