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Technology Stocks : Storage One...SOJ on Alberta -- Ignore unavailable to you. Want to Upgrade?


To: Tim Cruise who wrote (163)4/8/1999 10:27:00 AM
From: hsg  Respond to of 394
 
fantastic!!! yup, lookl cheap at 55cents..giving away the farm!!! Might break a buck today!!



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