Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (35460)	7/5/2000 11:07:33 AM
From: mph	Read Replies (1) \| Respond to of 52051

thanks, neil... but do you LOVE 'em?<VBG> M

To: Stock Watcher who wrote (35460)	7/5/2000 11:30:40 AM
From: RCJIII	Read Replies (1) \| Respond to of 52051

POW, ISRI has solid PR today- (BSNS WIRE) International Star Inc. Signs a Memorandum of Understanding International Star Inc. Signs a Memorandum of Understanding Business Editors LAS VEGAS--(BUSINESS WIRE)--July 5, 2000--International Star Inc. (OTCBB:ISRI) is pleased to announce that it has signed a memorandum of understanding with WebTeck Wireless Inc. (WWI) a Canadian based Company, to jointly develop, market, monitor and sell Personal and Business Location Services and other wireless data solutions over available wireless systems. It is estimated that the annual worldwide demand projected for in-vehicle location services products size is over $US 9 billion by 2002; the company will focus on this demand to obtain their share of the growing market. ISRI and WWI recognize that the tracking of assets and personnel is a growth market in North America, and the team believes that the increasing pace and complexity of managing business and personal affairs will generate a large demand for real time location of mobile equipment and people. Terms of the MOU reqiure the formation of a new company owned 50% by ISRI and 50% by WWI. The newly formed company will enter into a management agreement with WWI whereby WWI will manage planning, operations, and customer service including site visits and product demonstration and other technical requirements. ISRI and WWI will be equally represented on the newly formed company's Board of Directors. WebTech Wireless Inc. is in the business of developing and commercializing hardware and proprietary software in the area of wireless telephony, specifically, the development of personal and business location systems, WWI systems will provide complete location based services uitilizing GPS (Global Positioning Satellite) and other location technology for position information. WWI is field testing a prototype of the system for a taxi company. The management team of WWI is headed by Mr. Anwar Sukkarie as president and CEO. Mr. Sukkarie holds a Master of Sciences in Electrical Engineering and from 1990 to 1999 was employed by Motorola Corp-EMEA in the Motorola Wireless Data Systems Division in the capacities of Business Development Director (Middle East and Africa), and Mr. Cameron Fraser V.P. Product Development and chief Technical Officer. Mr. Fraser was awarded his Bachelor of Science in Computer Science in 1974 from the University of Toronto. From 1986 to 1998 Mr. Fraser was employed by Motorola Corp. in the capacities of Director -- Technology Group, Director -- Product Development, Director -- Engineering, and Manager -- System architecture and Network Management. Mr. Gordon Becker is Director and COO. Mr. Becker was awarded his B. AP. Sc. in Mechanical Engineering from the University of British Columbia. Mr. Becker is president and CEO of Modern Logic Inc., a private company that develops hardware and software for bulding security systems. For further information contact Pat Westphal, public relations, at 702/869-8757. NOTE: Safe Harbor for Forward Looking Statements A number of statements contained in this release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of known and unknown risks and uncertainties that may cause the comapny's actual results in the future periods to differ materially from forecasted results. The timely development of products and technologies, competitive market conditions, the successful integration of acquisitions and the ability to secure additional sources of financing are possible risks. --30--MRO/se* CONTACT: International Star Inc. Pat Westphal, 702/869-8757 KEYWORD: NEVADA WASHINGTON INTERNATIONAL AFRICA/MIDDLE EAST INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE NETWORKING SOFTWARE TELECOMMUNICATIONS MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *