To: GOLONG who wrote (5485 ) 6/3/1999 9:10:00 PM From: Rampant Read Replies (2) | Respond to of 5743
YAHOOOOOOOOOOOOOOO!!!!!!!!!! Ive been waiting for this I haven't even checked the stock today. I bet Pip and TZ have! Rampant NEWS RELEASE For Immediate Release SHARP LICENSING AGREEMENT FOR TRI-VISION'S FLEXIBLE V-CHIP TECHNOLOGY TO BE COMPLETED BY MID-JUNE THURSDAY, JUNE 3, 1999 - TORONTO, ONTARIO, CANADA - Tri-Vision International Ltd./Ltée and Nichimen Corporation announced today that Sharp Corporation of Japan has advised that definitive documentation relating to Sharp's licensing of Tri-Vision's patented, flexible V-gis(tm) v-chip technology for use in Sharp's new televisions will be completed by mid-June. "This confirmation from our colleagues at Nichimen is very good news for our team, our shareholders and consumers," stated Tri-Vision President and CEO, Najmul Siddiqui. "The firm commitment by Sharp is a major milestone and will hasten the progress being made in discussions with other major television manufacturers in Japan, Korea, Europe and the United States." Nichimen Corporation and Tri-Vision have an exclusive working relationship to jointly apply expertise, resources and commitment for the purpose of deploying Tri-Vision's patented, flexible V-gis(tm) v-chip technology in Japan, Asia and Europe. Nichimen continues to assist Tri-Vision in the licensing of the V-gis(tm) v-chip technology to major television manufactur ers located in those regions. Tri-Vision's V-gis(tm) v-chip technology provides a means of controlling the quality and content of television programming entering the home by blocking or selecting television programs based on content. This means that television shows can be selected based on prescribed rating as well as varying levels of violence, sex, language and dialogue. Uniquely, the V-gis technology is the only v-chip technology, available to TV manufacturers, that is able to automatically reconfigure in the field should TV ratings systems change. In accordance with the U.S. Telecommunications Act of 1996, the Federal Communications Commission has mandated that from January 1, 2000 all television s sold in the U.S., with a picture screen 13 inches or greater, must be equipped with "v-chip" blocking capability. In a transitional period between July 1, 1999 and December 1, 1999, an average of 50% of TVs available for sale must provide "v-chip" blocking. Tri-Vision's V-gis(tm) technology meets the FCC requirements for basic blocking and provides parents and manufacturers with the assurance that new televisions with v-chip capabilities would not become obsolete when TV ratings systems change. Tri-Vision International Ltd./Ltée is a public company founded in 1986 and trades on Canada's Toronto Stock Exchange under the symbol TVL. Tri-Vision Electronics Inc., a wholly-owned subsidiary of Tri-Vision International Ltd./Ltée, holds the exclusive global rights to the unique, patented v-chip technology developed by award-winning Canadian inventor, Tim Collings. For investor or media information, contact Century Communications Corporation at (888) 298-8551 (toll free) or visit the Company Website at www.tri-vision.ca or e-mail to tri-vision@tri-vision.ca