To: BigTex who wrote (7519 ) 9/27/1999 8:14:00 PM From: Spark Respond to of 19297
Could be a rocket sooner than later... "NEW VISUAL ENTERTAINMENT, INC. To Enter Internet Broadcasting Announces Intent to Merge with Astounding.com, Inc.; Proposed Financing SAN DIEGO, CA, Sept. 27 New Visual Entertainment, Inc. (NVXE: OTC:BB) announced that it has entered into a letter of intent for the Company to merge with Astounding.com, Inc., backed by a substantial funding package through Lilly Beter Capital Group, Ltd. Astounding.com is development stage company that intends to broadcast full-screen video in real time and on demand over the internet utilizing a copper bandwidth technology that allows for throughput over twisted copper pairs at approximately 51.2 Megabits per second, thus offering consumers unprecedented download times. Astounding.com also brings other internet-based companies and licenses with options to acquire to the merger. Our internet broadcasting capabilities represent a major leap over what other internet broadcasters are capable of achieving today, explains Jack Robinson, President of Astounding.com, and we are pleased to combine our technologies with those that Ray Willenberg and his crew have developed in New Visual Entertainment to offer extraordinary 3D content to customers on the internet and to implement an easy-to-use 3D system for operating within a computing environment. Adds Ray Willenberg, Jr., President of New Visual, This merger does many important things for us, but primarily has two great implications for New Visual, in that, it first creates a need for our flat and 3D content production capability and second establishes a broadband distribution platform for it. The Company expects additional revenue derived from advertisements placed within its internet broadcasts in similar fashion to traditional TV and Radio programming. Contact: Lilly Beter Capital Group, Ltd. Phone (561) 361-1030 Website: www.newvisual.com"