To: Joe Copia who wrote (11627 ) 2/9/1999 11:22:00 AM From: Jim Spitz Read Replies (1) | Respond to of 25711
Joe, what do you think about UTDL? News follows: Tuesday February 9, 8:12 am Eastern Time Company Press Release United Leisure Corp. Announces Launch of New Internet Technology LOS ANGELES--(BUSINESS WIRE)--Feb. 9, 1999--United Internet Technologies, a subsidiary of United Leisure Corp. (OTC BB:UTDL) Tuesday announced the public debut of the first licensed application of their full-frame, full-motion Internet video technology, parallel addressing video (PAV). The licensee is Genisys Reservations Systems Inc. (Nasdaq:GENS - news). Genisys announced on Wednesday that they are launching the first phase of their travel Web site, www.netcruise.com, on Feb. 16. UIT's proprietary technology permits authorized users to access an extensive video library of travel destinations in full-motion, television quality video while online. Compared with current technology in use, UIT's unique technologies eliminate problems typically experienced by Internet users trying to access streaming video on the Web. One recent example of this was Broadcast.com's (Nasdaq:BCST - news) Web-cast of ''Victoria's Secret Fashion Show.'' Some viewer reactions to that broadcast were that images were ''fuzzy'' and looked like ''dancing postage stamps.'' Brian Shuster, president of UIT, said: ''PAV does not rely on bandwidth to present video, but rather utilizes parallel addressing of local media. PAV applications run at 30 frames per second, providing full-frame, full-motion video with the Internet at broadcast quality. ''With this technology, an Internet user can see full-screen, full-motion video without downloading delays and/or low-quality video streaming technology -- just like on television. The PAV technology can be utilized for television-style entertainment, advertising and Web-based training, education and product catalog sales,'' Shuster said. United Internet Technologies is currently developing additional technologies and several other applications for licensing and release. United Leisure Corp. also owns and operates two Camp Frasier summer day camps and three Planet Kids indoor multimedia interactive play-learning centers for children, all located in Southern California. In addition, United Leisure holds a 50-percent interest in United Hotel and Casino L.L.C., the lessor of a shopping center that includes the Silver City Casino on the Las Vegas Strip in Las Vegas. This news release contains ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events. Contact: United Leisure Corp., Los Angeles Harry Shuster/Brian Shuster, 310/441-0900 jimS