February 14, 2000 - Los Angeles, CA -- Michael Meyer, Chair of Digital Video Broadcast Systems Inc., (DVBS) announced today that several experienced firms have been retained to assist DVBS with professional services required for the continued growth and development of the Company.
On February 08, 2000, Los Angeles-based Moshiri and Associates was contracted as the Company’s primary Investor Relations firm. It will play a key role in positioning DVBS towards future dynamic growth and a sound financial basis, through the development, implementation and maintenance of ongoing market support systems.
Moshiri and Associates has achieved exceptional successes in the area of acquisitions, joint ventures, and strategic alliances for its Internet, e-commerce, real estate, and entertainment industry clients.
Raystar also completed a private placement of 2,000,000 units at a price of CAN $.52 per unit, with Haywood Securities serving as selling agent to raise gross proceeds of CAN $1,040,000.
Al Moshiri, President, is a successful entrepreneur who engineered one of the most successful turnarounds and IPOs of the 90’s, when he repositioned U.S. national restaurant chain KooKooRoo and assisted in achieving second-stage financing of US$7.5 million and a post-IPO equity infusion of US$33 million.
“It is an honor to be retained by DVBS,” stated Mr. Moshiri. “Rarely does a company with such dynamic, immediately applicable, proprietary technologies, come along. We are confident that, as the investment community learns more about DVBS and their technologies -- which enable exponentially expanded Internet site traffic and enhanced content -- they will value the company as highly as we.”
Coffin Communications Group and Levine Communications, also based in California, will respectively coordinate external communications activities and function as publicists for DVBS and its affiliates. In Vancouver, Vortex Capital Corporation will continue to assist in raising funds through DVBS’ parent company, Imporex Investments Corporation.
“DVBS has successfully weathered the start-up phase,” stated Mr. Meyer. “These appointments mark a new level in our development. By strengthening our foundation, we can provide everyone in our organization with an environment that affords stability, personal and professional growth, and maximum creative freedom. We can proceed with confidence to ensure superior customer service and positive returns on investment for our shareholders.”
Digital Video Broadcast Systems Inc. is a wholly-owned subsidiary of Imporex Investments Corporation (NQB: IMVC). Its mission is to develop communication technologies that improve voice, data, image transmission, and reception over the Internet, and on private and commercial Intranets. Among the Company's market-ready innovations are the AfterBurnerTM web server, the LiveCamTM streaming video solution, the SDSNTM distributed server protocols, and the U2UTM video-conferencing system.
These products are designed to promote multimedia convergence by overcoming current Internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high-quality video and audio content. The DVBS technical team is based in the Silicon Valley, California. Management, marketing, and administrative offices are located in Los Angeles, CA; Seattle, WA; Vancouver and Toronto, Canada; and Seoul, Korea. Detailed information on DVBS and its technologies can be found at www.videotechnology.com
For further information, contact:
Vortex Capital Corporation, Investor Relations
Toll Free: 1-888-883-1747