Innovacom working with these guys in the future,Mr Sprague is currently their CEO:
Wave Systems and The Fantastic Corp.(TM) Work Together to Enable Rapid,
Secure Broadband Distribution of Purchasable Software Content
LAS VEGAS--(BUSINESS WIRE)--April 7, 1998-- Wave Systems Corp. (OTC BB:
WAVX - news; wave.com and Swiss-based Fantastic
Corporation(TM)(http://www.fantastic.ch) announced today an agreement
integrating Fantastic's high-speed broadband channel packaging and
management capabilities with Wave's secure content distribution and
consumption management system, including existing and future content
offerings.
Fantastic's technology allows users to access broadcast information via
its innovative client software and enables broadcasters to manage the
collection and dissemination of content over different broadband
delivery systems, including cable, wireless, satellite and other
wireline networks.
The combination of Wave's and Fantastic's capabilities, will enable the
formation of an additional broadband content channel that will allow
software and other content publishers to securely distribute, license,
sell and manage the usage of their software and content products over
various broadband distribution systems.
Wave's innovative electronic software distribution model enables the
distribution of encrypted content via broadband, Internet, satellite
transmission, CD-ROM and DVD while also providing the needed end-user
content subscriber management system.
Wave's software system allows users to take advantage of content rental,
purchase, pay-per-use and rent-to-own payment models directly from their
desktops with a click of a mouse. Consumers receive the flexibility of
paying for information based upon their actual usage, while publishers
benefit from significantly reduced marketing and distribution expenses
and the ability to reach new end user target markets.
The Fantastic Corporation, the leader in the development of broadband
delivery for multimedia and channel management software, is a developer
of a high-speed Media Distribution System(TM) which enables the
distribution of rich multimedia content (audio, video, data streams,
software, etc.) over high-speed networks (satellite, cable, etc.) to
PC's and next-generation set-top boxes and set-top computers.
Using this system, any content may be formatted for distribution via all
transport media offering speeds up to 1000 times faster than current
Internet transfer rates.
''By marrying the powerful broadband channel distribution capabilities
of Fantastic's technology with Wave's superior content distribution and
security services which provide consumers a pay-per-use or rent-to-own
purchase experience, we are offering consumers, computer hardware
vendors, and software vendors a unique turn-key solution,'' said Steven
Sprague, president of Wave.
''With Fantastic's software technology Wave Systems is poised to further
strengthen its position as a key player in content delivery and metered
usage.''
Wave Systems Corp., formed in 1988 by Peter Sprague, former Chairman of
National Semiconductor, has developed a unique distributed information
metering and transaction processing service, called the Wave System, for
use in the sale and distribution of a wide range of electronic content
for consumer entertainment and education applications.
The Wave System gives content providers security and flexible
transaction models and consumers the convenience and control of
obtaining content via the Internet through Wave's Great Stuff Network (
great-stuff.com), and planned CD-ROM and broadband delivery
channels. For more information, please visit Wave's corporate web site
at wave.com.
The Fantastic Corporation was founded in Feb. 1996 by the team who
developed the first commercial data broadcasting system for PCs.
Fantastic's end-to-end software solution for multimedia distribution
works over satellite, cable, wireline, as well as terrestrial and other
wireless networks.
The Swiss American company has offices in Zug, Lugano, New York, London
and Singapore. The company's shareholders include ETF&I, led by Giorgio
Ronchi, and Intel Corporation [Nasdaq:INTC - news]. The company's home
page on the World Wide Web is fantastic.ch.
Safe Harbor for Forward-Looking Statements
Except for the statements of historical fact, the information presented
herein constitutes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the company to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business
conditions, the ability to fund operations, the loss of market share,
changes in consumer buying habits and other factors over which Wave
Systems Corp. has little or no control.
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More Quotes
and News:
Intel Corp (Nasdaq:INTC - news)Wave Systems Corp (OTC BB:WAVX - news)
Related News Categories: computer peripheral, computers, internet,
semiconductors, telecom
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