(PR NEWSWIRE) DCI Acquires Software Company
DCI Acquires Software Company
HACKETTSTOWN, N.J., Feb 9 /PRNewswire/ -- DCI Telecommunications, Inc.
(OTC: DCTC) announced today that it has purchased The Music Factory, a
privately owned company that is in the entertainment, educational and
commercial software business. The Music Factory's production team records
entertainment and educational events on an international scale and then
produces interactive multimedia enhanced CDs and offers them for resale. It's
products range from history making events to international Christmas CDs with
original video, photography, music and sound effects.
James Baker, the President and Founder of The Music Factory will become
President of DCI succeeding John J. Adams, who will now be Chairman & CEO. Mr.
Baker has a BS and MBA from the University of Massachusetts. He has been
involved in the emerging CD-ROM technology for sometime, which originally led
to the founding of The Music Factory as a developer/publisher of multimedia
content. He developed a series of titles, under the trademark "Encyclopedia of
Sounds", which was distributed through various major retail chains.
The Music Factory has recently developed a software product known as
"CARD(TM)." This is a unique enhanced CD engine which handles various
multimedia formats. Its tools will be disc and Internet based, whereby it can
run in real time, interacting directly with web based servers. The programming
for CARD(TM) has been finished and it is anticipated that quality assurance
and debugging will allow the final product to be ready for distribution later
this year. CARD(TM) is a multimedia program that provides the consumer or
business user with friendly, easy to use software, which will allow them to
create multimedia presentations on their PC which can then be copied to a CDR
disk, or transmitted anywhere in the world, via the Internet. One of the
unique features of CARD(TM) is its ability to seamlessly combine various media
elements ranging from text and graphics, to still and motion pictures
involving synchronized streaming media. CARD(TM) technology will make it very
easy to enhance web sites for business and consumers, with streaming video and
other multimedia content, which will run in real time, directly from a server.
This will allow users to inexpensively and effortlessly keep their web sites
updated whenever desired.
DCI has been researching the prospects for "video-on-demand" and the
ability to download movies over the Internet, with the desire to further
expand the Company's media offerings. DCI intends to further develop The Music
Factory software in this area. During the past year, Blockbuster Video
announced their intention to provide movie content from regional servers, via
the Internet, in conjunction with a major film studio. More recently, Miramax
Films, a unit of Walt Disney Co., became the first major studio to release a
feature length movie over the Internet.
John J. Adams, Chairman & CEO of DCI said we are excited about this
acquisition because this is the next stage of DCI's attempt to begin restoring
shareholder value, by adding to the Company's resources and changing the focus
of DCI's business. Another evidence of moving toward enhancing shareholder
value is the recent announcement that DCI shareholders of record on
December 6, 2000 will receive one share of Corzon, Inc. for every share of DCI
that they own. DCI anticipated that the Corzon shares would have been
distributed on or about January 31, 2001. We have been advised however, as
reported on Form 8-K filed with the SEC on January 30, 2001, that Corzon must
amend its most recent SB2 Registration Statement. It is anticipated that the
shares will be distributed by Corzon's Stock Transfer Agent to DCI's
shareholders as of the December 6, 2000 record date, as soon as such amendment
is effective.
Safe Harbor Statement under the Private Securities Litigation Act of 1995;
The statements which are not historical facts contained in this press release
are forward-looking statements that involve certain risks and uncertainties
including but not limited to risks associated with the new uncertainty of
future financial results, additional financing requirements, development of
new products, regulatory approval processes, the impact of competitive
products or pricing, unpredictability of patent protection, technological
changes, the effect of economic conditions and other uncertainties detailed in
the company's filings with the Securities and Exchange Commission.
SOURCE DCI Telecommunications, Inc.
-0- 02/09/2001
/CONTACT: John J. Adams, Chairman-CEO of DCI Telecommunications, Inc.,
908-684-8233, Jvalidator@aol.com/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 107358/
/Web site: dcic.com
(DCTC)
CO: DCI Telecommunications, Inc.
ST: New Jersey
IN: CPR TLS STW
SU: TNM
*** end of story *** |
