To: MADSKILLS who wrote (5570 ) 7/21/1999 12:37:00 PM From: Dennis Lefebvre Read Replies (1) | Respond to of 5743
MADSKILLS Tri-Vision appoints board member Tri-Vision International Ltd TVL Shares issued 48,577,396 Jul 20 close $2.16 Wed 21 Jul 99 News Release Mr. Najmul Siddiqui reports Toshinori Ikebe of Nichimen Corporation of Japan has been appointed to the company's board of directors. The announcement follows news in Stockwatch May 14, 1999, that Nichimen Corporation had acquired 2.5 million common shares of Tri-Vision in private transactions representing approximately 5 per cent of the 48,757,396 common shares of Tri-Vision currently issued and outstanding. "The appointment of Mr. Ikebe to the board further solidifies the close working relationship between Nichimen and Tri-Vision International," said, Tri-Vision president and chief executive officer, Najmul Siddiqui. "Mr. Ikebe's vast international experience and track record with Nichimen will enhance Tri-Vision's position in global markets and provide the company with new opportunities." In March, 1998, Tri-Vision began working with Nichimen Corporation to form an exclusive agreement to jointly apply expertise, resources and commitment for the purpose of deploying Tri-Vision's patented, flexible V-gis v-chip technology in Japan, Asia and Europe. Nichimen is currently assisting Tri-Vision in the licensing of its V-gis v-chip technology to major television manufacturers located primarily in those regions. Mr. Ikebe joined Nichimen Corporation in 1969. Since that time he has been involved in the company's plant and project division acting as a senior representative in such places as Iraq, Saudi Arabia, and London. As general manager for the plant and project department in London from 1994 to 1998, Mr. Ikebe was responsible for projects in the areas of Europe, Russia, Middle East, Africa and Canada. He is currently senior general manager of the plant and project division at the Nichimen head office in Tokyo and is responsible for projects in areas around the globe. Mr. Ikebe is a graduate of the Osaka University of Foreign Affairs. Established in 1892, Nichimen Corporation is one of the world's leading international trading companies with net sales in the fiscal year ended March 31, 1998, totalling $29.1-billion (U.S.). Nichimen is a diversified Japanese business group with an extensive network of overseas offices in 96 cities around the globe. Nichimen has interests in power generation, chemicals, pipelines, water treatment, telecommunication and construction and is energetically expanding its operations in such growth industries as information processing, communications and environmental protection. Tri-Vision's globally acclaimed V-gis v-chip technology meets all Federal Communications Commission requirements in the United States and is the only v-chip technology, available to TV manufacturers or as a set top decoder for existing TVs, that is able to automatically reconfigure in the field. Tri-Vision continues its efforts, with the assistance of the telewire supply division of ANTEC Corporation, to make its V-gis set top decoder product available to U.S. consumers through leading cable operators. In addition to activities relating to its v-chip technology, the company is increasing its efforts to expand the markets for its traditional CATV product lines such as infrared remote controls, regular converter lines and addressable Pay-TV systems. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com