To: campe who wrote (6650 ) 5/6/1998 1:36:00 PM From: one_less Read Replies (2) | Respond to of 8835
INNI Information Rumor has it Results of the Quarters growth are big. Company Background (From their web site) I/NET is a publicly traded multimedia research and development company based in Kalamazoo, Michigan. It can be found on OTC Bulletin Board (OTC, INNI). For fifteen years since its inception in 1982, I/NET, Inc. has served as a $2 million research and development contract consulting firm, serving some of the world's largest companies and organizations, including IBM, Eastman Kodak, The Upjohn Company, The W. K. Kellogg Foundation, Electronic Data Systems, and the U.S. Government. I/NET's specialty: digital imaging and digital voice recognition systems. In 1993, I/NET became a public company, at the same time repositioning itself to develop and market its own products in addition to its ongoing R & D business. This expanded company direction was a response to timely opportunities in the rapidly-evolving multimedia marketplace and the forging of strategic partnerships with IBM (which purchased a 16 percent share in the company) and Electronic Data Systems (EDS) for multimedia product development, packaging, and marketing. Over the past fifteen years, I/NET has utilized its skills as a research and development firm to provide low cost, large scale digital imaging and voice recognition systems for companies on a contract basis. IBM's Image Plus/400 and Ultimedia/400 development, the U.S. Secret Service's high speed image systems and DuPont's FD2000 laser digitizer medical image integration are just a few of the systems that exemplify I/NET's high technology achievements. The widespread acceptance of these technologies is evidenced by the size of the installed customer base, numbering in the hundreds of thousands, using I/NET's developments. In addition, the emergence of products that bring together communications, television, VCR, and telephone technologies into the new field of commercial multimedia is further confirmation that I/NET is strategically well positioned to capitalize on the evolving marketplace. Historically, I/NET has focused on developing products for its customers that incorporated leading edge technologies, and it intends to continue its work in these areas; however, I/NET is now also developing its own multimedia application products that incorporate digital imaging and voice recognition. I/NET management decided to focus its efforts and technology on providing products for the Internet and educational marketplace. As a result, the company initiated the development of products known as Career/NET, Web Server/400, and Webulator/400.