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Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?

To: BARRY ALLEN who wrote (793)	2/25/1998 2:19:00 AM
From: John Arnopp	Read Replies (1) \| Respond to of 1220

Thanks, Barry I would like to focus on this paragraph: ASSIGNMENT OF SPOT/MAG AGREEMENT XLV and Spot/Mag, Inc., a corporation organized under the laws of Taiwan ("Spot/Mag"), are currently engaged in discussions regarding the possibility of entering into an agreement (the "Spot/Mag Agreement") under which Spot/Mag would receive certain intellectual property rights relating to the XLV Technology, for certain limited uses, in exchange for an obligation to pay royalties and other remuneration to XLV. If the Spot/Mag Agreement is executed within three years after the effective date of the Technology Acquisition Agreement, and if the Company exercises the Assignment Option, XLV will assign its rights and obligations under the Spot/Mag Agreement to the Company, including the right to receive all royalties and amounts payable under the Spot/Mag Agreement. In consideration for the assignment of the Spot/Mag Agreement, the Company has agreed to pay to XLV on a quarterly basis one share of Common Stock for each ten dollars ($10.00) of royalty actually received by the Company from Spot/Mag under the Spot Mag Agreement, up to a maximum of 200,000 shares of Common Stock (in each case, based on the Common Stock outstanding after the Reverse Stock Split). Thereafter, any additional royalties would inure solely to the benefit of the Company. I have posted a few interesting things on the Safeguard thread about Who? Vision, an XL Vision company, and their agreements with Spot/Mag in putting biometric (fingerprint) hardware in keyboards and monitors (many of them courtesy fo folks on the NRID thread). Looks like Spot/Mag wants a full line of security solutions. I'm still trying to figure out exactly how all this will be integrated, and when LASX/Axcess, Inc. will begin to benefit from the technology transfer and the new contracts. I'm really excited about Who? Vision and all the press they've been able to generate quickly. We may have to wait until Who? goes public from Safeguard (which could be later this year or still a year or more away) for things to really kick in. Anyway, it's late, but if anyone else has any rampant speculations, please post. --John