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Microcap & Penny Stocks : UTDL (United Leisure Corp.) -- Ignore unavailable to you. Want to Upgrade?


To: WeGotABleeder who wrote (379)7/19/2000 8:53:48 AM
From: The O  Respond to of 389
 
United Internet Technologies Creates Interactive Platform Capable of Controlling External Devices From Multiple Locations
July 19, 2000 08:06 AM Eastern Time
LOS ANGELES--(BUSINESS WIRE)--July 19, 2000--

Proprietary "Intelligent Control Interactive Technology" (I-C-IT) Platform Allows Interaction with Wide Range of Devices

United Internet Technologies, Inc. (UIT), a subsidiary of United Leisure Corporation UTDL.OB , is introducing its Intelligent Control Interactive Technology(TM) (I-C-IT(TM)) platform, which will provide users with the ability to control electronic devices through various digital delivery systems, such as the Internet, cable, fiber-optic, television and wireless communication.

The announcement was made today by Brian Shuster, president and chairman of United Internet Technologies, who added that the proprietary platform has been developed as an expandable system and is designed to work with a wide range of electronic devices.

"We are excited about the unique capabilities that I-C-IT technology will bring to various industries," said Shuster. "With the I-C-IT platform, we are positioning ourselves in the smart device arena as a developer of new forms of distributed computer intelligence specifically designed to create network-enabled devices."

The unique hardware and software architecture of the I-C-IT platform enables off-the-shelf electronic devices to be network-enabled and controlled through the Internet from either a local or remote location, according to Thea Iberall, Ph.D., chief scientist of UIT.

"The I-C-IT platform has the potential to enhance existing devices, and create a new class of devices that can enhance the interactive experience of users throughout the world," said Iberall.

Appliances, medical devices and other electronic equipment enabled with I-C-IT technology become receivers of broadcast distributed computer intelligence, enabling them to be controlled, transmit data and receive commands over various digital systems.

UIT has successfully developed and enabled prototype smart devices that utilize the I-C-IT platform. The intention is to expand the I-C-IT platform by developing new applications for different industry sectors serving specific business needs. UIT has established an experienced management and technology team and an operations infrastructure to support its business, engineering and research and development efforts. The company is also actively pursuing strategic alliances to exploit its I-C-IT platform.

UIT develops technologies that control devices online, creating multi-dimensional interactive experiences. The company's objective is to maximize value by creating and investing in businesses that use and benefit from its technologies. UIT has introduced its first proprietary technology to the market, called DIVO(TM), a server controlled video technology, that is suitable for the entertainment, travel, shopping, corporate and educational markets. Additional information is available on the company's web site at www.uitlive.com.

United Internet Technologies (UIT) is a subsidiary of United Leisure Corporation UTDL.OB .

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.

rs/la

CONTACT: United Internet Technologies, Inc. Ari Potash, 310/441-0900 (Investor Contact) or The Lippin Group Eric Abner/Fonda Berosini, 323/965-1990 (Media Contact)



To: WeGotABleeder who wrote (379)10/4/2000 10:23:20 AM
From: The O  Read Replies (1) | Respond to of 389
 
United Leisure Corporation Extends Expiration Date of Its Class A Warrants to May 9, 2002
October 4, 2000 08:09 AM Eastern Time
LOS ANGELES--(BUSINESS WIRE)--Oct. 4, 2000--United Leisure Corporation UTDL , today announced it has extended the expiration date of its issued and outstanding Class A Redeemable Common Stock Purchase Warrants, CUSIP Number 910776-11-1, from 5:00 p.m. EST on November 9, 2000 to 5:00 p.m. EST on May 9, 2002.

As of October 2, 2000, 3,303,279 Class A Warrants were outstanding. The exercise price of the Class A Warrants is $4. 20,357,589 shares of United Leisure Corporation common stock were outstanding as October 2, 2000.

United Leisure Corporation UTDL is the parent company of United Internet Technologies (UIT). UIT develops software that connects electronic devices with the Internet. The company's technology allows users to communicate, interact with and control devices from anywhere in the world. Additional information is available on the company's web site at www.uitlive.com.

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events.

CONTACT: United Internet Technologies, Inc. Ari Potash, 310/441-0900 or The Lippin Group Eric Abner, 323/965-1990



To: WeGotABleeder who wrote (379)12/14/2000 8:22:12 AM
From: The O  Respond to of 389
 
Former Mattel, Time Warner Senior Executive, Interactive Technology Expert Joins UIT as CTO
December 14, 2000 08:01:00 AM ET

Andy Rifkin Brings Wealth of Experience From Past Positions At Mattel, Time Warner

LOS ANGELES, Dec. 14 /PRNewswire/ -- United Internet Technologies, Inc. (UIT), a developer of interactive control technology and subsidiary of United Leisure Corporation (OTC Bulletin Board: UTDL), today announced that Andy Rifkin, who held top technology positions at Mattel and Time Warner, has joined the company as Chief Technology Officer. Working with Dr. Thea Iberall, UIT's chief scientist and vice president of engineering, Rifkin will be responsible for leading the development and commercialization of UIT's interactive technology. Rifkin has twenty years of experience in the development of advanced interactive technologies for the consumer electronics, entertainment, media and communications industries.

"Andy brings to UIT an exceptional level of experience and leadership in developing and delivering interactive technologies to the marketplace. He will play an instrumental role in the continued development, customization and commercialization of our interactive I-C-IT technology platform for specific industry applications," stated Brian Shuster, chairman and president.

"UIT has a vision of how interactive technology will shape consumer electronics, entertainment, media, medical devices and everyday appliances in the near future. The I-C-IT platform has potential for many applications in different industries. I believe UIT will be a trailblazer in bringing interactive technology to the mass market and I am very pleased to be a part of that effort," Rifkin stated.

Rifkin has extensive senior managerial, technical and operational experience at Mattel and Time Warner. Rifkin was previously senior vice president, Design and Development, Mattel Media and senior vice president, Creative Technology, Mattel. During his tenure at Mattel, Rifkin lead the creation, development and production of interactive toys, which included Barbie Fashion Designer, Barbie Riding Club, Barbie Digital Camera and Hot Wheels Stunt Track Driver. Under his leadership, Rifkin created the division which became the leading publisher of children's interactive software during his tenure.

Prior to Mattel, Rifkin held positions as vice president, Interactive Application Technology, Time Warner Cable and Full Service Network, vice president of Advanced Technologies, director of advanced technologies, Time Customer Services and director of research and development, New Business Development, Time, Inc. Among his major accomplishments, Rifkin developed and executed the strategic plan to ensure the committed launch of Time Warner into interactive television and he was instrumental in developing the business and technical partnerships with Sega and TCI to form the Sega Channel.

About I-C-IT

UIT has developed Intelligent Control Interactive Technology (I-C-IT), a hardware and software platform for networking devices through various digital delivery systems such as the Internet, cable, broadcast and wireless networks. Products empowered with I-C-IT technology become "smart products" and can communicate with and be controlled by the user or through interactions with other I-C-IT enabled devices. I-C-IT technology can be customized and embedded into almost any electronic product, such as home and business appliances, toys, and medical monitoring devices. I-C-IT is marketed under the slogan "the smart in smart devices."

About UIT

UIT develops software that connects electronic devices to the Internet and other digital systems. UIT's interactive control technology allows users to communicate and control devices from anywhere in the world. These devices are designed to be controlled by the user through Internet based portals, which allow interactive communities to be created on the Internet. The smart device forms a direct link between the business and the customer, creating the potential for incremental subscription, e-commerce, upgrade and advertising revenue to be generated after the initial device sale. Additional information is available at the company's Web site at www.uitlive.com

United Leisure Corporation (OTC Bulletin Board: UTDL) is the parent company of United Internet Technologies, Inc. (UIT). United Leisure Corporation recently announced that it intends to change its name to United Internet Technologies Corporation.

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations that are subject to risk and uncertainties including the company's ability to successfully license its technologies to consumer electronics and toy manufacturers, the company's ability to deliver its technologies in a timely, efficient and profitable manner, the company's ability to establish strategic partnerships with third parties such as entertainment and media companies, and competing technologies which may adversely affect the company's ability to generate significant revenues from its core technology business. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events.

© 2000 PRNewswire

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To: WeGotABleeder who wrote (379)7/29/2002 11:36:39 AM
From: The O  Respond to of 389
 
United Leisure Corporation Announces $25,000,000 Private Placement
29 Jul 2002, 08:06am ET

LOS ANGELES--(BUSINESS WIRE)--July 29, 2002--United Leisure
Corporation (OTCBB:UTDL), a developer and marketer of interactive
control technologies through its wholly owned subsidiary, United
Internet Technologies (UIT), today announced that it had executed an
agreement under which United Leisure would sell in a negotiated
private placement, a control block of its common stock for $25,000,000
cash or $.50 per share to Dr. Andreas Ohle, a German investor. The
consummation of the transaction is subject to certain conditions,
including the increase of United Leisure's authorized common stock to
100,000,000 shares by the filing with the Securities and Exchange
Commission and then the mailing of an information statement to its
stockholders. The amendment to the company's certificate of
incorporation to increase its authorized common stock to enable the
transaction to take place has been approved by the written consent of
the holders of a majority of the outstanding shares of common stock as
required by Delaware Law. Under the agreement, the purchase price is
to be placed on deposit with the company on or before August 27, 2002.
The closing of the private placement will occur as soon as the company
is able to comply with the applicable securities laws.
Brian Shuster, Chairman of the Board, President and Chief
Executive Officer of United Leisure, stated, "The large private
placement has been under discussions for several months." Mr. Shuster
went on to say that all of the companies' stockholders would benefit
from the transaction because it would place United Leisure on a new
level to carry out the continued development and exploitation of the
technologies and products developed by UIT and also provide the
ability to expand other technology development activities.
Dr. Andreas Ohle, the new investor from Hamburg-Germany commented,
"I am very excited about the company's technologies and the marketing
possibilities around the world. We believe in the many global
applications of United Internet Technologies, Inc. With our cash
infusion, we will help take these products to the market in a much
more aggressive fashion."

About United Leisure Corporation

United Leisure Corporation, through its wholly owned subsidiary
United Internet Technologies (UIT), is engaged in the business of
developing and marketing technologies that allow a wide range of
electronic devices, such as toys, medical devices, networked
appliances and consumer electronics, to communicate and be controlled
over the Internet and over other digital systems, such as cable,
television and wireless networks. The Company has developed several
proprietary technologies including, Intelligent Control Interactive
Technology (I-C-IT(TM)). These technologies enable businesses to
transition their traditional product lines into the interactive world.
United Leisure's goal is to create solutions for specific business
sectors by customizing the I-C-IT platform, allowing it to be embedded
in a wide range of electronic products. These intelligent, network
controlled "smart devices" allow businesses and content producers to
form a direct link between consumers, adding a dynamic aspect to the
consumer relationship and creating the potential for incremental
subscriptions, e-commerce, upgrade and advertising revenue. I-C-IT is
marketed under the slogan "the smart in smart devices"(TM).

This news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding the Company's business strategy and future plans of
operations that are subject to risk and uncertainties both general and
specific to the matters discussed in this news release including the
Company's ability to successfully establish strategic partnerships and
to license its animatronic devices control technologies to third party
manufacturers, the Company's ability to fulfil the remaining
requirements of its patent application with the USTPO to receive
issuance of a patent grant, the Company's ability to deliver its
technologies in a timely, efficient and profitable manner, and the
threat of competition from other technologies which may adversely
affect the Company's ability to generate significant revenues from its
core technology business. These and other important factors, including
those mentioned in various Securities and Exchange Commission filings
made periodically by the Company, may cause the Company's actual
results and performance to differ materially from the future results
and performance expressed in or implied by such forward-looking
statements. The forward-looking statements contained in the news
release speak only as of the date hereof and the Company expressly
disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect
changes in the Company's expectations of future events.

CONTACT: United Leisure Corporation
Brian Shuster, 310/441-0900

KEYWORD: CALIFORNIA GERMANY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET
TELECOMMUNICATIONS E-COMMERCE
SOURCE: United Leisure Corporation