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Microcap & Penny Stocks : ITOY - Imagin.Net and Virtual Games, Inc -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (103)	3/3/1999 12:54:00 PM
From: JDC	Respond to of 340

Has anyone noticed a previous news release that states that "ITOY" & "IMAGIN.NET" is "VIRTUAL REALTY, INC."?? And that's how they got Bruce Klein, the brains behind this whole new program and direction for ITOY. ''To provide a new bearing for the Company, shareholders elected Bruce Klein, Donald MacIntyre and Richard DiNapoli as its directors and have approved the complete acquisition of Virtual Games, Inc. based in San Jose, California. Mr. Klein will serve as Imagin.net's new President and Chief Executive Officer,'' added Mr. Ray. Virtual Games, Inc. has developed and fully-demonstrated a proprietary virtual reality immersion game platform called the VRX-633(TM) which allows players to visualize, manipulate and interact in a computer-generated, artificial world. The product uniquely integrates in real time the elements of 6 degrees of mechanical freedom (including 360 degrees of horizontal rotation) with 3D dual-LCD display panels and 3D surround sound. The product uses the same proprietary flat panel color display technology presently in use on the Space Shuttle, and on Boeing 777 and F-16 fighter aircraft. Target markets for the VRX-633(TM) include large arcade equipment distributors and direct sales to entertainment centers, arcades, casinos and movie theater complexes. According to PlayMeter Magazine, the coin-operated entertainment industry annually grosses an estimated $16-billion worldwide. Bruce Klein comes to his new CEO position having served for the past two years as Chief Operating Officer at Virtual Games' former parent company, Multichip Assembly Inc. Previously, Mr. Klein operated an independent sales representation organization for five of IBM's contract manufacturing divisions, and closed more than $900 million in orders in its first year. He has also held management positions in sales and marketing at Texas Instruments, National Semiconductor and Raytheon Semiconductor. A seasoned engineer, Mr. Klein brings strong technical and operations management experience to Imagin.net. "