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

To: DOC who wrote (9296)	10/28/1998 9:50:00 AM
From: JohnO	Read Replies (1) \| Respond to of 25711

Business Wire CORPORATE VISION ENTERS INTO NEGOTIATIONS WITH TEXAS INFORMATION DISTRIBUTION COMPANY BUSINESS EDITORS TULSA, Okla. and JERSEY CITY, N.J.--(BUSINESS WIRE)--Oct. 28, 1998--Corporate Vision (OTC: CVIA.O) is pleased to announce it has in principal signed a non-binding letter of intent to purchase 20% ownership of ArchivalCD Inc. along with an agreement, preparing ArchivalCD for an Initial Public Offering. Corporate Vision CEO Keith A. Anderson issued this statement from Jersey City, NJ: "We at Corporate Vision are very excited with the possibility of adding ArchivalCD to our holdings, ArchivalCD services are unique and there is currently no known competition in their specialized field. Pending any unforeseen delays we feel we can close this deal in less than 14 working days and begin immediate preparations for a public offering of ArchivalCDs common stock. We feel that ArchivalCD is a rapidly growing company that has positioned itself in a high demand information service market sector." ArchivalCD is a Crockett Texas Information service company: CEO and President Daniel J. Hay offers investors this description of his companies services. "ArchivalCD uses several proprietary processes to scan microfilm records, digitize the images, and replicate an image-base to CD. The company has produced a proprietary image viewer that allows the end-user to view images in a similar manner to using a microfilm reader. Through the use of proprietary and licensed image compression technology, ArchivalCD is able to place two to four rolls of film on each CD-R disc." "The company has both a targeted niche market of educational, historical, and genealogical concerns, but also is able to address government, and institutional needs for archival images. The company expects first year sales of $3.5 million, second year sales of $5.6 million and third year sales of $9.8 million. The targeted markets include 18 million individuals, 6000 institutions and potential government contracts." Additional Corporate and Investor information may be found at ArchivalCD at their Internet site located at members.xoom.com or during business hours at (307)789-7786 Corporate Vision Inc. is a fully reporting company with the SEC. This press release contains forward-looking statements with respect to the results of operations and business of the company that involve risks and uncertainties. Risks and uncertainties of the company are detailed from time to time in the company's filing with the Securities and Exchange Commission. These securities are speculative, involve a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment. --30--CSD/ch* CONTACT: Corporate Vision Keith A Anderson, 918/748-3603 KEYWORD: OKLAHOMA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire