To: Douglas Rushkoff who wrote (198 ) 2/5/1998 8:47:00 PM From: Paul Body Read Replies (2) | Respond to of 330
I's suspect this puts an end to the much speculated CCL deal. I mean, it's amazing that that was ever a possibility. PITTSBURGH, Jan. 29 /PRNewswire/ -- SeaVision, Inc., a subsidiary of Allin Communications Corporation (Nasdaq: ALLN), has announced that it has reached an agreement with Carnival Cruise Lines regarding the ongoing operation of interactive television (ITV) systems onboard the Carnival vessels the m.s. Imagination and m.s. Carnival Destiny. Under the terms of the agreement, effective January 1, 1998, Carnival will provide a financial subsidy to SeaVision to support the "free to passenger" services provided through SeaVision's ITV systems. The agreement is cancelable by either party upon written notice to the other. All other terms of the original agreement remain unchanged. SeaVision and Carnival have further agreed to continue discussions regarding the installation of SeaVision's ITV system aboard additional Carnival vessels. "This agreement with Carnival provides a solid revenue foundation for the operation and enhancement of the FunVision ITV system aboard these vessels," notes Mr. Brian K. Blair, President of SeaVision. "An example of this commitment by SeaVision is the ongoing installation of our newly developed OSCAR video server aboard these vessels. The development of the OSCAR video server, which allows SeaVision to provide multiple concurrent streams of MPEG1 and MPEG2 digital video, upgrades the ITV system to the latest available technology." Allin Communications Corporation is a media and technology company that develops interactive television, digital imaging and video file server products. The Company's SeaVision subsidiary is a significant supplier of interactive television ("ITV") systems to the cruise line industry. SeaVision currently has eleven ITV systems in operation on cruise ships with an annual capacity in excess of one million passengers. In addition to ITV, SeaVision offers customers a fully integrated solution for the application of electronic systems and platforms throughout their operations, at sea and on land. These include new build and retrofit shipboard integration services, Internet solutions, literature and marketing systems, management of shipboard broadcast and media functions, data base management and operation of internal MIS functions. Allin's PhotoWave subsidiary applies the company's proprietary media and information platform to the emerging digital imaging industry. The company's SportsWave subsidiary, through its International Sports Marketing division, provides its corporate clients with unique sports-related marketing programs, utilizing exclusive rights with the Major League Baseball Players Alumni Association and relationships with other legends of professional hockey, basketball and football. The Company's Kent Consulting Group subsidiary provides software design, engineering and network solutions for corporate clients worldwide, and supports the development and technology efforts of the Company. Certain statements herein are not historical facts and are forward looking. Such statements involve a number of risks and uncertainties. While the statements represent Allin's current judgment as to the near term future of its business, such risks and uncertainties could cause actual results to differ materially from the above statements. Factors, which could cause actual results to differ, are set forth in Allin's Annual Report on Form 10-K for the year ended December 31, 1996, its Prospectus dated November 1, 1996, and its quarterly reports on Form 10-Q. SOURCE Allin Communications Corporation