To: Jon Scott who wrote (2251 ) 12/14/1999 3:49:00 PM From: Jon Scott Respond to of 19256
DDD news --- Related Quotes DDD 2 15/16 -3/16 delayed 20 mins - disclaimer Tuesday December 14, 2:26 pm Eastern Time Company Press Release C-3D Digital's HMN Division Expands Network Through Acquisition Deal Extends 12-Month Growth of Over 400% for Division LOS ANGELES--(BUSINESS WIRE)--Dec. 14, 1999--Chequemate International Inc. (AMEX:DDD - news), doing business as C-3D Digital Inc., the world's first 3D television network and 3D Internet media company, and the Hotel Movie Network (HMN), C-3D's private television network dedicated to offering new video experiences, announced today the acquisition of the Capital Associates hotel television properties. ''This acquisition strongly positions HMN for future growth,'' stated J. Michael Heil, chairman and chief executive officer of C-3D Digital. ''With over 400% growth in the division already in 1999, these new properties provide an expanded platform for C-3D Digital to launch the future of television to both homes and hotels rooms. This acquisition also comes at an ideal time to provide additional momentum as we go into the Western Cable Show this week.'' The Western Cable Show will be held in the Los Angeles Convention Center from December 15 through 17. The show is designed to bring together cable and television industry companies. C-3D Digital will be showing breakthrough technologies and techniques for both the C-3D Television and 3D.COM divisions of the Company. HMN was originally purchased by C-3D Digital in December of 1998. Growth in the division has exceeded management's expectation every quarter in both revenue and rooms served. HMN's charter is to offer cutting-edge entertainment and information services through selected private network systems. With final details currently being worked out, HMN will become the world's first in-room network to offer 3D stereoscopic movies. Content for HMN is provided through movie studio agreements and programming produced by C-3D Television. C-3D Digital is a leading 3D media company that gives broadcasting and entertainment companies the ability to deliver 3D entertainment to any standard television 24 hours a day. As a leading innovator of 3D-entertainment technology, C-3D Digital is the first television network to offer 3D programming exclusively to satellite and cable television subscribers. Additionally, the company operates an Internet subsidiary company, 3D.COM. C-3D Digital maintains offices in the Los Angeles, California; St. George, Utah; and Phoenix, Arizona areas. This news release may contain forward-looking statements made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company's progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: National Financial Network Geoffrey Eiten, 800-344-1288/781-444-6100 ext. 13 geiten@otcfn.com www.otcfn.com/ddd or C-3D Digital Gwendolyn Oliver, 310-823-4957 investors@3d.com www.3d.com