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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (4111)	6/2/1998 11:49:00 AM
From: Rob D.	Respond to of 25711

PJTV coming off 52 week low on news today PR Newswire, Tuesday, June 02, 1998 at 11:03 NEW YORK, June 2 /PRNewswire/ -- Projectavision, Inc. (NASDAQ:PJTV) today announced several upgrades to its Digital Theater product, the first 100% digital projection system to combine a large front or rear screen VGA or SVGA computer display, a 60-inch rear projection TV, and a removable front projector that delivers quality images up to 20 feet in size. This second-generation product has been named Digital Theater Series II. The new unit will offer features such as its new Digital Comb Filter to enhance picture quality and resolution, Multi Standard PAL and SECAM for international markets, Variable Digital Zoom, Automatic Computer Image Scaling, Auto lock on cable signals for HRC, IRC and STD signals and Adjustable Electronic Convergence fine-tuning through the remote control. The Company is completing its pre-production manufacturing run and plans to deliver the new product in the USA and internationally this summer. Projectavision also announced today that it has received and accepted an investment proposal from a major U.S. institutional investment firm in connection with its acquisition of the assets of Vidikron Industries, SpA. The identity of the investor and the terms of the proposed investment were not disclosed. The investor has committed $5 million permanent equity capital, subject to Projectavision completing a total $15 million raise and satisfaction of a number of other terms and conditions, including completion of due diligence. The $15 million of new capital may consist of a combination of permanent equity capital and subordinated debt. The Company's investment banker, Hambro America Securities is continuing its efforts to complete the raise and conclude the transaction which will enable Projectavision to complete its acquisition of Vidikron, a leading home-theater manufacturer and distributor. Projectavision is a New York based company in the business of developing and marketing technological innovations in the electronics display and information industries. Projectavision has developed patented and patent pending technologies for interchangeable front and rear screen Home Theater Television systems. Projectavision's product, the Digital Home Theater(TM), which is the result of a joint development effort between Projectavision and Texas Instruments in an alliance. The Digital Home Theater has recently been introduced to select distributors in the USA. The picture quality, which is 100% digital, is considered to be exceptional. The product is used as either a 60-inch rear screen or up to 20 feet front projection television and computer display. Copies of Projectavision's press releases, SEC filings, current price quotes and other corporate information may be found on the website hawkassociates.com. The foregoing press release contains forward-looking statements, including statements regarding, among other things, the Company's expectation of its future business. These forward-looking statements are based largely on the Company's expectations and subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, the production schedules of unaffiliated third parties, availability of component parts, the ability to secure the balance of the necessary financing to complete the Vidikron acquisition, satisfaction of all other terms and conditions required by the institutional investor, consumer acceptance of the Company's products and prevailing economic conditions as they affect the consumer electronics industry in general. In light of these risks and uncertainties there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate. SOURCE Projectavision, Inc. -0- 06/02/98 /CONTACT: Executive Contact: Martin J. Holleran, CEO of Projectavision, 212-971-3000; or Media Contact: Alex Stanton of Stanton-Crenshaw, 212-780-1900, or alex@stantoncrenshaw.com, for Projectavision; or Institutional Investor Relations: Frank Hawkins of Hawk Associates, 305-852-2383, or Fhawk@hawkassociates.com, for Projectavision/ /Web site: hawkassociates.com

To: Trumptown who wrote (4111)	6/2/1998 12:47:00 PM
From: Micropicker	Read Replies (1) \| Respond to of 25711

News today on BETT. Betting Inc. (BETT) has released news today. BETT, like GLOW, WINR, etc. is eyeing the ATM internet gambling market. BETT is much cheaper than the others, so offers less risk. (8 cents) Neutral news was predicted today (it's here) and positive news was predicted within a week. If today is neutral, I can't wait for the next news. WHY BETT IS LIKE DIXS - Today's news states that BETT's system will be placed in "Shop While You Wait" terminals located in airports, and other high traffic areas. These terminals will be offering a variety of services, with gambling ATM being only one item. Think of it--just like DIXS, BETT was found a "free" host for it's service. BETT doesn't need to set up it's own costly ATM machines--that means LOW OVERHEAD and BIG PROFITS. Since the terminals will be used for a variety of things, more businesses and locations will want them installed, rather than face the "politically correct" crowd with a gambling-only terminal. BETT is partnered with UCMP, who yesterday announced an agreement with Checkfree. Once testing is completed, BETT will have 60,000 or more customers and instant revenues.