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EnterVision, Inc. settles into new offices, begins rollout of the Internets only broadcasting system for video
EnterVision has begun its manufacturing of the worlds first Internet broadcasting system, the EnterVision Broadcaster. The EnterVision Broadcaster, called ET for short, has the unique ability to transform analog broadcasts, frame by frame, into digital JPEG images at a rate of 30 frames per second. The frame rate of 30 frames per second is the same quality achieved on a standard television set.
LOS ANGELES--(BUSINESS WIRE)--Feb. 11, 2002-EnterVision, Inc. (formerly a wholly owned subsidiary of Sector Communications, Inc. now renamed Options Talent Group (OTCBB:OPTG) today announced that it has completed the set up of its new offices at 5670 Wilshire Blvd. in Los Angeles, California.
EnterVision has begun its manufacturing of the worlds first Internet broadcasting system, the EnterVision Broadcaster. The EnterVision Broadcaster, called ET for short, has the unique ability to transform analog broadcasts, frame by frame, into digital JPEG images at a rate of 30 frames per second. The frame rate of 30 frames per second is the same quality achieved on a standard television set.
"We think EnterVision has the potential to be a dominant player in the emerging Internet broadcasting industry," said EnterVisions President and CEO, Mr. Herbert Becker. Interest by the general public to have access to Internet television is overwhelming. Secondary uses for ET include distance learning, professional sports, pay per view and video conferencing, just to name a few."
"We are excited about the opportunities that are now before us," said EnterVisions, CFO, Mr. Mark Tolner. "Having now assumed the role of CFO of our new and vibrant company, I am confident that we will accelerate their already rapid growth."
About EnterVision, Inc.
After completing the trials of the EnterVision software and product line the management of Sector became aware of the true extent of the opportunity that EnterVision represented and the multiple applications and revenue streams that could and should be developed.
EnterVision and Sector Management then quickly determined that considerable funding would be necessary to develop the fullest possible capabilities of the product in the shortest possible time frame and were concerned that the funding opportunities and therefore ultimate potential of EnterVision might be hindered by its continued development within the Sector Group of companies. It was therefore decided that a substantial majority stake in EnterVision, Inc., along with the EnterVision Assets should be disposed of on the best possible terms that provided Sector with an opportunity to participate in the potential success of the products but without being exposed to the cost of funding the development.
A party was identified that met the criteria determined by the respective management teams and a disposition of 90% of EnterVision, Inc., was finalized in early January 2002. The transaction was reported recently in an 8-K filing dated Jan 9, 2002.
EnterVision, Inc., has gone on to become a subsidiary of EnterVision Holdings, Inc., which owns 90% of EnterVision, Inc., with the remaining 10% being held by Sector Communications, Inc., (now named Options Talent Group). EnterVision Holdings has secured the necessary funding to proceed with its plans and aims to develop a business relationship with one or more divisions of Options Talent Group as part of its strategy to rapidly develop into a fully fledged business in its own right.
EnterVision Holdings, Inc., is also committed to creating a market for its shares either by way of a merger with a clean" Public vehicle or the filing of a registration statement in the very near future.
CONTACT: EnterVision, Inc.
Mark Tolner, (+1) 323/904-4211
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ELECTRONIC GAMES/MULTIMEDIA ENTERTAINMENT INTERNET
SOURCE: EnterVision, Inc.
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