To: a. paisley who wrote (540 ) 3/17/1999 12:30:00 PM From: blake roberts Read Replies (1) | Respond to of 698
Company Press Release Log Point to Enter Joint Development Activities With a Technical Group Headed by Leading Authority in Greece MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 17, 1999--In furthering its software and hardware development efforts, Log Point Technologies Inc. (OTC BB:LGPT) announced that it intends to engage in joint development activities with a technical group headed by Professor Thanos Stouraitis at the University of Patras in Greece. Professor Stouraitis is a pioneering leading authority on LNS (''logarithmic number system,'' an older term for what Log Point calls ''exponential floating point'') computers. His doctoral dissertation at the University of Florida was one of the earliest to be devoted entirely to LNS topics. Since that time, Prof. Stouraitis has published numerous technical articles in prominent journals and conference proceedings during several years of teaching assignments in American universities before distinguishing himself further at the University of Patras. The University of Greece has a website at visi.ee.upatras.gr Prof. Stouraitis stated that: ''Log Point's efficient data conversions should provide a firm foundation for many kinds of new computing devices and applications. I look forward to closer involvement in their development.'' Lester Pickett, chief technical officer at Log Point, stated: Professor Stouraitis' group is very highly qualified. It is a real pleasure to interface with noted LNS authorities possessing a track record of commitment to and achieved test results in the LNS field.'' Dr. Samuel Shanks, president and CEO of Log Point stated, ''These joint activities should provide real benefits to Log Point and extend our presence in Europe.'' For further information, please contact Dr. Samuel Shanks, 650/967-3974, info@logpoint.com, Pat Vitucci, Investor Relations, 609/748-0563, or visit our web site at www.logpoint.com. -------------------------------------------------------------------------------- Contact: Log Point Technologies Inc., Mountain View Dr. Samuel Shanks, 650/967-3974, info@logpoint.com web site at www.logpoint.com or Pat Vitucci, Investor Relations, 609/748-0563