I want to thank all of you and will do that when I have more time...only at the board for a few minutes at a time today.
BUT...THIS IS BIG NEWS...and I think you should start buying this stock here for short and long term...price at about .75:
gpg
(PR Wires) DJ: November Lazar Scher, Inc. Will Market Perceptronics' IC
DJ: November Lazar Scher, Inc. Will Market Perceptronics' IC3D to Entertainment
Industry
WOODLAND HILLS, Calif., April 7 /PRNewswire/ -- Perceptronics, Inc. (OTC
Bulletin Board: PCTR) announced today that it has entered into a marketing
agreement with November Lazar Scher, Inc. (NLS) a prominent Hollywood
promotion and licensing firm. Under the agreement, NLS will market
Perceptronics' IC3D(TM) products and services for Internet Collaborative 3D
to the entertainment industry including online gaming and related e-commerce
industries. The objectives include developing immediate revenue generating
opportunities for the current IC3D/InterGame Technology in Hollywood and
other entertainment markets and establishing contacts and alliances with
major entertainment companies.
November Lazar Scher, Inc. has been providing innovative and comprehensive
marketing services to the entertainment and product licensing industries
since 1989, and has worked on dozens of major Hollywood Projects, including
"Star Trek," "Jurassic Park," "The Lion King," "Terminator 2," and "Ace
Ventura Pet Detective." The firm's principals -- Mark November, Craig Lazar
and Gene Scher -- are familiar with the present and future needs of the
various entertainment markets, and have close working relationships with
many of the people responsible for meeting these needs at major studios and
other entertainment organizations. NLS is highly enthusiastic about the
market potential of Perceptronics' IC3D Technology.
"The tools for Collaborative 3D that Perceptronics has developed will
provide Hollywood with new and exciting ways to create Internet-based
consumer experiences," said Mark November, partner in NLS. "Internet online
sports, movie promotion sites and music sites can be enhanced significantly
by the use of IC3D Collaborative 3D tools -- and such enhancement will
provide real competitive and business advantages to early adopters.
Hollywood film producers are now spending up to tens of millions of dollars
per movie on promotion, including novel Web sites. We plan to convince them
to spend good portions of this with Perceptronics. In addition, the
opportunities for the IC3D tools in the online gaming and e-commerce worlds
are unbelievable."
"Perceptronics' IC3D software capabilities also provide compelling
programming options for television producers with an eye on the future.
IC3D can help transform today's television programming into the fully
immersive and interactive programming envisioned for tomorrow," added Mr.
November.
Dr. Gershon Weltman Perceptronics' chairman and chief executive officer,
said, "The non-exclusive agreement with November Lazar Scher gives a
terrific start to our IC3D/InterGame marketing strategy. From the beginning
of our Collaborative 3D project we have seen the approximately $18 billion
market for interactive digital entertainment as a prime target, because the
IC3D/InterGame Technology is so well suited to entertainment needs, and
entertainment companies, are accustomed to early adoption of innovative new
approaches."
Perceptronics is located in the Hollywood area, which is not only the
world's center for entertainment, but also a major center for Internet
business -- including online gaming and e-commerce. Our geographical and
technical advantages, combined with NLS' Hollywood knowledge and clout,
should allow us to make important business contacts and identify near term
revenue producing opportunities.
"We are very pleased that our rapid progress on the IC3D/InterGame
Technology has allowed us to start significant marketing efforts so soon,"
continued Dr. Weltman. "The SBIR Phase II development contract started only
nine and a half months ago, in June 1998. By October 1998 we were able to
transfer the initial InterGame Technology to the leading 3D Web site
developer -- Shout Interactive of San Francisco. In November 1998
Perceptronics and Shout successfully demonstrated The Head of the River
Challenge (HOTRC), a fully-collaborative, multi-person online 3D Web rowing
simulation, using a local area networked configuration. In February 1999 we
hosted a single- station version of HOTRC on our new IC3D Web Site and
showed it at the VRML99 Conference in Germany. And in March 1999 we
successfully demonstrated the IC3D/InterGame Platform running HOTRC in a
fully Internet-connected mode."
Dr. Weltman concluded, "This rapid progress is due in large part to the
technical talent of our development team, but it is also made possible
because the IC3D/InterGame architecture originates in a set of
well-established, science-based Department of Defense protocols for
high-speed communication in networked virtual simulation. To this firm
foundation the Perceptronics team is adding modern Internet open standards
such as Java, VRML and browser access. We believe that this powerful
combination will allow us to perform successfully on any new opportunities
generated by NLS and also will give us significant long-term advantages over
competing multi-person online platforms."
Perceptronics performs research and development and manufactures and markets
computer-based simulation systems for military and commercial training and
decision support. Information about the Company is found on the Internet at
perceptronics.com. A description of the IC3D Technology and
HOTRC is at ic3d.perceptronics.com.
Statements regarding Perceptronics' expectations about growth and marketing
strategies, new and existing products, future financial performance and
other Forward Looking Statements are subject to various risks and
uncertainties. These include, without limitation, technological factors,
competitive factors and cash flow factors, uncertainties relating to foreign
and defense-related sales, and requirements for additional financing for
development and marketing activities. These and other risks and
uncertainties are discussed in greater detail from time to time in the
Company's SEC filings and reports.
/CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, fax,
818-340-6067/
11:50 EDT
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