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Microcap & Penny Stocks : PRAV Paradigm Advanced Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fortune III who wrote (218)	2/11/2000 2:53:00 PM
From: mpnunes	Respond to of 466

any one done research on the correct patent? It seems i've been researching the wrong one! PRAVE) Paradigm Advanced Technologies Inc. Clarifies Filing Status Fri Feb 11 13:40:00 EST 2000 TORONTO, Feb 11, 2000 (BUSINESS WIRE) -- Paradigm Advanced Technologies Inc. ("Paradigm") (OTCBB:PRAV) announced today that it has completed the various financial filings that were overdue. These filings have been sent to the filing agent and are scheduled to be submitted to EDGAR today. Paradigm confirms that once the filings are submitted, the company will be current with its filings. Paradigm accordingly expects the "E" status to be removed over the next few days. Paradigm is currently raising funds through the issue of shares and the exercising of existing stock options and warrants. The company plans a larger private placement in the near future. The funds raised will be used to finance product development, marketing, patent licensing, operations and future acquisitions. The patent number listed in the release dated February 1, 2000 was stated incorrectly. The correct Patent number is US Patent No. 5,043,736. Paradigm has entered into a long-term agreement to be the exclusive worldwide agent for this patent. The patent covers the process whereby signals from the satellite global position system ("GPS") are transmitted over any cellular telephone network to a base unit. Paradigm Advanced Technologies Inc. (OTCBB:PRAV) of Toronto, Ontario, develops and distributes PC-based video surveillance products. The Company's VideoBank and Satcom products are designed to record, store and playback full motion, high-resolution color images which can be remotely viewed or transmitted over various types of communication mediums including T1, ADSL, ISDN, Cellular, Satellite, and POTS. Paradigm recently announced that it has entered into a letter of intent to acquire the Internet broadcast, iCam and iCare businesses of WorldLink USA, a division of Pangea Petroleum Corporation (OTCBB:PAPO) of Houston. WorldLink is a leading provider of on-site live media production and hosting for Microsoft (c) Windows Media technologies, on-demand content hosting services and ASF production. Founded in Houston in 1994, WorldLink has become an internationally renowned expert in online media production and Internet Services. WorldLink's extensive history of live and on-demand Webcast production includes radio, television, live concerts, press conferences, Space Shuttle launches, and many other events. WorldLink's on-site production services include all audio/video equipment and expertise required for live events, including cameras, lighting, sound, and support crews, and can provide full production services anywhere in the world. Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made based on management's views and assumptions regarding future events and business performance at the time the statements are made. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the company's performance, anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses. For further information please contact Selwyn Wener of Paradigm Advanced Technologies Inc. at 416/447-3235 (e-mail - swener@better.net). Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved.