To: BEACHCOMBER who wrote (3523 ) 7/13/1998 4:27:00 PM From: JOEY Respond to of 9096
Aviation Week Article; Date Clarification LOS ANGELES--(BUSINESS WIRE)--July 13, 1998--Howard A. Foote, president and chief executive officer of Platforms International Corp. (OTC/BB:PLFM) Monday announced the long-awaited Aviation Week & Space Technology article on the historic validation of Platforms' Airborne Relay Communications System was featured in the June 29, 1998 issue of the prestigious magazine. "We are very pleased with the article and the global attention and recognition it is bringing us," stated Foote. "However, we've received a large number of calls questioning the September 1999 date that appears in the second paragraph, concerning the possible delivery of an ARC System to TELESP of Sao Paulo, Brazil, on that date. By way of clarification, here is an actual excerpt from a proposal presented to one of the major communication companies in Brazil." *T 8. Program Implementation: Following execution of the ARCS Joint Venture Agreement, and the payment of applicable License Fees, the ARC System will be implemented in two stages: a) Stage-I is implemented and brought to operational status in four to five months, using manned PIC Air Vehicles certified by the FAA. b) Stage-II is implemented and brought to operational status, six to eight months later. Stage-II uses the same PIC Air Vehicles used in Stage-I, but in Stage-II they are unmanned and controlled from a ground-based command and control station. *T Safe Harbor Act Disclaimer: The forward-looking statements in this release involve risks and uncertainties, including, but not limited to the successful completion of the project discussed. Successful completion of the project is subject to a number of uncertainties and unforeseen events, and there can be no assurance that the goals of the company stated herein may be realized in the time frame discussed. Forward-looking statements represent the company's beliefs and expectations concerning future events, including future sales of its products and services. These forward-looking statements are qualified by important risk factors that could materially impact the company's business and its ability to complete the projects it has undertaken. CONTACT: InterMedia Marketing Corp. Michael Iorlano, 818/981-9031 Platforms International's Web site: www.platforms-intl.com KEYWORD: CALIFORNIA BW0215 JUL 13,1998