Tri-Vision to Deliver V-Chip Decoder Through Leading
Distributing Ingram Entertainment, Antec/Telewire &
Beamscope
Business Wire - November 18, 1997 13:44
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TORONTO--(BUSINESS WIRE)--Nov. 18, 1997--
Company Signs Letter of Intent For Exclusive Distribution Agreements In North America
Tri-Vision Electronics Inc. has awarded exclusive North American distribution rights to its
ViewControl(TM) V-Chip Set-Top Box Decoder line to three leading distributors in the retail
and cable TV industries, President Najmul Siddiqui announced today.
In the interest of establishing a premier distribution network in both Canada and the U.S.,
Tri-Vision has signed Letters of Intent for exclusive territories and markets in this region with:
-- Ingram Entertainment - exclusively targeting retail sales to consumers in the U.S.; -- Telewire
Supply (a division of ANTEC Corporation) - exclusively targeting cable television operators in
the U.S.; and -- Beamscope Canada - exclusively targeting retail sales to consumers in Canada.
Tri-Vision will retain distribution rights to cable television operators in Canada. The product may
be distributed under a different brand name in the U.S. and a further announcement will be
made later regarding the name.
Ingram Entertainment, Inc., a distributor for major Hollywood studios such as Disney, Warner
Bros., Paramount, Universal, Fox, Columbia/Tri-Star and MGM/UA, is headquartered in La
Vergne, Tennessee and operates out of 23 locations in the U.S. The Company is the largest
national distributor of home entertainment products including pre-recorded video cassettes and a
leading national distributor of electronics, video game hardware and software (for Sony, Sega
and Nintendo), DVD hardware and software and multimedia products. The Company services
over 10,000 retail accounts including video and department stores, drug stores, electronic
retailers and supermarket chains. In 1996, Ingram Entertainment had gross sales in excess of
US$1-billion dollars.
Telewire Supply, a division of ANTEC Corporation (NASDAQ: ANTC), is a leading supplier of
equipment, supplies and distribution services to major cable television operators in the United
States. Located in Englewood, Colorado, its customers include TeleCommunications, Inc.,
Time-Warner, Cox Communications, Comcast and Media One. Parent company ANTEC
Corporation is an international communications technology company serving the broadband
information transport industries. Headquartered in Rolling Meadows, Illinois, ANTEC has major
divisional offices in Atlanta and Denver, manufacturing facilities in New Jersey, Texas, Illinois
and Juarez, Mexico and sales offices throughout Europe, Asia/Pacific and Latin America.
ANTEC specializes in the manufacturing, materials management and distribution of products for
hybrid/fiber coax (HFC) broadband networks, as well as the design and engineering of these
networks. ANTEC Corporation had net sales for the year ended December 31, 1996 of
US$600,000,000.
Beamscope Canada Inc. (TSE:BSP) is one of Canada's leading sales, marketing and distribution
companies of brand name home office products, home computer software, video entertainments
products and direct-to-home (DTH) satellite entertainment products for some of the world's top
manufacturers including IBM, Microsoft, Hewlett-Packard, Canon, Sony, Nintendo, Kodak,
Samsung and EchoStar. With sales for the year ended March 31, 1997 of CDN$327,000,000,
Beamscope sells more than 6,000 different consumer electronic products to over 7,000 retail
outlets across Canada.
"The extensive reach of these companies' distribution networks will provide access to a huge
North American consumer market for our V-Chip Decoder line," said Mr. Todd Grunberg,
Tri-Vision's Vice President, Marketing & Business Development. "These distribution channels
will provide premium exposure for Tri-Vision in a broad range of retail outlets and to cable
television industry operators, enabling the Company to bring the V-Chip to homes quickly and
efficiently."
In addition to these Letters of Intent, Tri-Vision has recently signed a Joint Development
Agreement with Samsung Electronics Co.Ltd. to build the first "V-Chip enabled" television set
and is in the process of establishing licensing agreements with Samsung and other TV
manufacturers for the incorporation of its V-Chip technology into new television sets. Parent
Company, Tri-Vision International Ltd./Ltee. trades on The Alberta Stock Exchange, symbol
TVL.
For more information contact Century Communications Corporation at 888/298-8551 (toll free)
or by E-mail to tri-vision@tri-vision.ca or visit Tri-Vision's Internet site at
"http://www.tri-vision.ca" .
On behalf of the Board of Directors of Tri-Vision International Ltd./Ltee., Najmul H.
Siddiqui, Chairman, President & CEO 416/298-8551
The Alberta Stock Exchange has not reviewed and does not approve or disapprove of the
adequacy or accuracy of this release.
CONTACT: Century Communications Corp.
888/298-8551
tri-vision@tri-vision.ca
or
Tri-Vision International Ltd.
Najmul H. Siddiqui, 416/298-8551 |
