To: Tim Cruise who wrote (163 ) 4/8/1999 10:13:00 PM From: Flea Read Replies (2) | Respond to of 394
Storage One to acquire Rollercoaster Studios Storage One Inc SOJ Shares issued 25,981,400 Apr 7 close $0.78 Thu 8 Apr 99 News Release Mr. John McMahon reports Rollercoaster Studios Inc., the private company the company is in the process of acquiring, has signed the following three new contracts: In association with Intel Corporation, Rollercoaster will be providing strategic Internet content development and management for the American Century Timeline on-line environment, which launches part 1 concurrently with an exhibition at the Whitney, opening mid-April 1999. Rollercoaster will also oversee the implementation of the strategic plan for the development of mew media productions including an e-commerce solution for the Whitney Museum. Rollercoaster has entered into an Internet solutions contract with Alliance Atlantis Communications Inc. to provide strategic Web initiatives for the David Cronenberg feature film eXistenZ, starring Jennifer Jason Leigh and Jude Law. Phase 1 of the Website, which was designed by Rollercoaster, has been launched. Phase 2 of the site will elaborate on a series of interactive elements from chat rooms to set walk through. The site will be developed in collaboration with David Cronenberg and will echo the sensibility, look and feel of the film. Rollercoaster Studios has formed of a partnership with Devine Entertainment Corporation to develop an interactive children's Web edutainment environment that is based on the highly acclaimed Devine TV series The Inventor Series, Composer Specials and Artist's Specials. The Bell New Media fund, Stentor New Media fund and Telefilm Canada to will provide additional financing support for the project. Rollercoaster will also provide Internet solutions development and e-commerce services to the Devine project, which is scheduled to be launched in September 1999. Specifically, Rollercoaster will develop the technical and creative solution for selling videos on-line as well as create the marketing plan for the site. The completion of the acquisition of Rollercoaster is subject to several conditions precedent, including the receipt of all necessary regulatory approval, satisfactory completion of due diligence reviews, board of directors approval, the entering into a formal share purchase agreement among the parties and the entering into an employment agreement with Brian Boigon, who will become president and chief executive officer of the company. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com