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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: jaybird who wrote (1823)	5/17/1998 1:59:00 AM
From: PitBull	Respond to of 4783

OLD OLD NEWS July 1996..does anyone know anything about THIS? Richard Altomare mentioned with the current PKGP phone number it looks like DISCOUNT RETAILER PAYS $12M FOR DIGITAL HOLLYWOOD, VCC Bargain Products Inc., an operator of dollar-style retail stores, will pay $12 million to purchase two high tech companies, including Digital Hollywood Inc. (DHI), which this fall will begin marketing a Web-based video transmission system which game and entertainment producers can take advantage of. Specifically, Bargain has signed letters of intent and plans to pay $2 million for DHI and $10 million for Video Conference & Communications Inc. (VCC), Richard Altomare, VCC's spokesperson, told MMWire. Both deals are expected to close by August 26. DHI plans to release in November a beta version of its Web-based video transmission system aimed at companies that want to offer such live-video quality content as interactive shopping catalogs or video-game previews, said Dennis Castleman, manager of software development. Castleman described the system as a dial-in Intranet. DHI will sell the hardware and software as a turn-key system. The basic system will support 36 users simultaneously and will cost $75,000, Castleman said, noting that DHI can develop systems for up to 3,000 simultaneous dial-in users. DHI anticipates selling 1,000 Web-video systems per year, said Castleman. (Bargain Products Inc., Richard Altomare, 516/349-1300; Digital Hollywood Inc., Mark Koz, ceo, 408/727-5470; Video Conference and Communications Inc., Jerry Rainey, ceo, 714/452-0800)