David, Did you see this from Perceptronics PCTR (active board here at SI):
Company Press Release
SOURCE: Perceptronics, Inc.
Perceptronics and Brilliant Media
Form Internet 3D Strategic Alliance
WOODLAND HILLS, Calif., June 22 /PRNewswire/ -- Perceptronics, Inc. (OTC
Bulletin Board:
PCTR - news) 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.
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