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Microcap & Penny Stocks : PCTR-Perceptronics -- Ignore unavailable to you. Want to Upgrade?

To: george eberting who wrote (533)	8/16/1999 10:57:00 AM
From: SgtPepper	Read Replies (2) \| Respond to of 710

A little bigger news: (PR NEWSWIRE) Perceptronics and Tremor Entertainment Form Alliance For Multi-Player Online Games and Entertainment WOODLAND HILLS, Calif., Aug. 16 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR) announced today that Tremor Entertainment, a fast growing computer game development company, has entered into a Strategic and Technical Alliance with Perceptronics to explore new business opportunities in multi-player online gaming and entertainment by combining the unique capabilities, proprietary technology and know-how of each company. Tremor Entertainment, which is based in Burbank, CA, is a relatively new company that has quickly established itself as a preeminent creative force in the game industry on the strength of its outstanding game titles and entertainment experiences. Its staff has created such highly successful popular past games as Men in Black, based on the Sony Pictures movie, Pinky and the Brain World Conquest, based on the famous cartoon series, and Mighty Ducks Pinball Slam a favorite ride at DisneyQuest in Orlando, FL. Projects currently under way at Tremor include among others Railroad Tycoon II for PlayStation, and Warcaster, which Tremor projects as its first masterpiece. Tremor Entertainment is dedicated to setting the highest standards in the game industry. The company is led by industry veterans who are themselves fervent gamers. Everyone on the management team has worked his or her way up through the game industry and knows what it takes to make truly great games. The personal involvement and great talent of the entire team is readily seen in the high creative level and terrific playability of the Tremor-developed games. Perceptronics and Tremor Entertainment each bring unique capabilities to the new alliance. Tremor's capabilities include its great experience, know-how and proprietary technology in the innovative design and implementation of multi-player games for PCs and other platforms. Perceptronics' capabilities include its proprietary IC3D(TM) Framework for Collaborative 3D on the Internet and other networks, incorporating the 3Dconnect(TM) software and associated supporting technology, as well as its experience and know-how in the HLA/RTI architecture and other aspects of networked 3D simulation. Dr. Gershon Weltman, Perceptronics chairman and chief executive officer said, "We are tremendously excited at the chance of working with Tremor Entertainment, a central player in the fastest growing segment of multi-player online games. "The joint objectives of the alliance are twofold," said Dr. Weltman. "One, to make available to Tremor the most advanced networking communication technology for improving the scalability and speed of multi-player online games and related entertainment experiences; and two, to extend the range of applications for Perceptronics IC3D technology, products and services within entertainment, e-commerce and associated business areas. "It is clear that in the next few years, games and entertainment will lead the market in creating shared 3D virtual reality experiences," Dr. Weltman continued. "Many of the capabilities pioneered by the gaming industry will then be incorporated into the e-commerce, educational and communication industries. For these reasons, we have been seeking an alliance with a major game company. We could not be more pleased than to have Tremor as such an alliance partner. Together, Tremor and Perceptronics have the ability to set new standards of technical and creative performance not only for the online gaming and entertainment industry, but for the other online industries as well." Perceptronics performs research and development and manufactures and markets computer-based simulation systems for military and commercial training and decision support. A description of the IC3D Technology and the HOTRC collaborative rowing demonstration is found on the Internet at ic3d.perceptronics.com. Information about the Company itself is found at perceptronics.com. More information about Tremor Entertainment can be found on the Internet at tremor.net. Statements regarding the Company's 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, including, without limitation, technological factors, competitive factors, cash flow factors, ability to obtain required financing and uncertainties relating to foreign and defense-related sales. 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- 08/16/99 /CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, or fax, 818-340-6067/ /Web site: tremor.net /Web site: ic3d.perceptronics.com /Web site: perceptronics.com (PCTR) CO: Perceptronics, Inc.; Tremor Entertainment ST: California IN: CPR ENT MLM SU: JVN * end of story *