American Interactive Media Secures Worldwide Perpetual License to "Slipstream" Internet Access Chip
NEW YORK--(BUSINESS WIRE)--May 8, 1998--American Interactive Media, Inc. (AIME; aime-inc.com; OTC BB: AIME - news) announced today that it has entered into a worldwide, perpetual, non-exclusive license for MSU Corporation's (OTC BB: MUCP - news) ''Slipstream(TM)'' Internet technology including Slipstream ISP Processor, hardware, software and associated browser. Terms of the restricted stock and cash license fee consideration were not disclosed.
The Slipstream chip is utilized in AIME's webPASSPORT Internet access device which enables conventional television sets, through a standard telephone line, to access a broad range of Internet services, including e-mail, chat, proprietary, aggregated as well as licensed content and conventional web browsing. The webPASSPORT service also connects to standard printers.
Peter B. Yunich, Chairman and Chief Executive Officer of American Interactive Media, commented, ''Today's license agreement enhances the development relationship we have had with MSU since 1996 and secures, on what we believe are attractive terms, perpetual, royalty-free access to core technology used in our webPASSPORT service. We look forward to MSU's ongoing support as a technology partner and as a substantial long-term shareholder.''
MSU Corporation designs and develops a new generation of semiconductor chips used in consumer electronic products that access the Internet without the use of a computer, as well as new products for the CD video and audio markets.
American Interactive Media, Inc. (AIME) is dedicated to delivering proprietary, aggregated and licensed digital content and other Internet-based services. WebFeat, Inc. is AIME's proprietary digital content production subsidiary.
AIME's principal service, the webPASSPORT Network, provides easy-to-use, inexpensive Internet access and customized interactive services delivered to conventional televisions. The webPASSPORT solution utilizes an Internet access device and browser as well as AIME's proprietary content and back end software and infrastructure. The webPASSPORT service was developed for distribution through marketing partners in a range of industries including telecommunications, banking and financial services, cable television, utilities, publishing, retailing and charitable and other affinity organizations. These organizations look to webPASSPORT to enhance their customer relationships with value added services and improved customer communications.
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<DIV>
American Interactive Media Secures Worldwide Perpetual License to
"Slipstream" Internet Access Chip<!--bw|894672060--><!-- TextStart -->
NEW YORK--(BUSINESS WIRE)--May 8, 1998--American Interactive Media, Inc.
(AIME; aime-inc.com;
OTC BB: AIME - news) announced today that it has
entered into a worldwide, perpetual, non-exclusive license for MSU Corporation's
(OTC BB: MUCP - news) ''Slipstream(TM)'' Internet
technology including Slipstream ISP Processor, hardware, software and associated
browser. Terms of the restricted stock and cash license fee consideration were
not disclosed.
The Slipstream chip is utilized in AIME's webPASSPORT Internet access device
which enables conventional television sets, through a standard telephone line,
to access a broad range of Internet services, including e-mail, chat,
proprietary, aggregated as well as licensed content and conventional web
browsing. The webPASSPORT service also connects to standard printers.
Peter B. Yunich, Chairman and Chief Executive Officer of American Interactive
Media, commented, ''Today's license agreement enhances the development
relationship we have had with MSU since 1996 and secures, on what we believe are
attractive terms, perpetual, royalty-free access to core technology used in our
webPASSPORT service. We look forward to MSU's ongoing support as a technology
partner and as a substantial long-term shareholder.''
MSU Corporation designs and develops a new generation of semiconductor chips
used in consumer electronic products that access the Internet without the use of
a computer, as well as new products for the CD video and audio markets.
American Interactive Media, Inc. (AIME) is dedicated to delivering
proprietary, aggregated and licensed digital content and other Internet-based
services. WebFeat, Inc. is AIME's proprietary digital content production
subsidiary.
AIME's principal service, the webPASSPORT Network, provides easy-to-use,
inexpensive Internet access and customized interactive services delivered to
conventional televisions. The webPASSPORT solution utilizes an Internet access
device and browser as well as AIME's proprietary content and back end software
and infrastructure. The webPASSPORT service was developed for distribution
through marketing partners in a range of industries including
telecommunications, banking and financial services, cable television, utilities,
publishing, retailing and charitable and other affinity organizations. These
organizations look to webPASSPORT to enhance their customer relationships with
value added services and improved customer communications. </DIV> |
