To: Odi Handoko who wrote (92 ) 11/11/1997 8:55:00 AM From: flyeron Read Replies (1) | Respond to of 141
Just got this press release from Canada Stockwatch..Looks like they are moving ahead but I was still expecting news from their proposed deal with Tomen of Japan for worldwide distribution of their product..Maybe that'll be next Agreement with Imagica Xenotech Inc XEN Shares issued 29,526,572 Nov 7 close $0.39 Mon 10 Nov 97 News Release Mr Robert Baker reports The company has entered into an agreement with Imagica Corporation of Japan and its subsidiary Imagica USA Inc. Imagica is a large diversified 62 year old Japanese company with over 400 employees in many film production and post production facilities involved in film processing, film opticals, telecine and digital film compositing services in Japan and USA. Imagica is additionally involved in digital video post production, digital scanning products, 3D graphics and animation, location based films including large and multi format optical effects for specialty films. Xenotech and Imagica have joined forces to participate in a business venture for the purpose of commercializing Xenotech's technology for re-processing of film and video material from 2D to 3D. The two companies intend to work together to provide 2D to 3D conversion services for standard 35mm films and large format films ie: 70mm Imax format. Management of both parties have agreed that by combining Xenotech's 3D technology with Imagica's expertise in production and post production of film and video, a unique 2D to 3D conversion service will be made available to film and video producers. Market research will be conducted in Japan and USA to investigate the business and marketing structure required to introduce the 2D to 3D conversion service to the marketplace. Xenotech is also developing, and have filed patents for, a technology process that will allow the transmission of the converted material over standard and existing broadcasting facilities into televisions in the home. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com