(DVDT/ICON)Another Huge Reverse Split Scheduled for Tomorrow
Houston, TX -- (OTCBB NEWSWIRE) -- July 12, 2001, Digital Video Display Technology Corp. (DVDT: .011) joins the list of companies completing reverse splits. DVDT is scheduled to implement a 1:200 reverse split tomorrow. The name and ticker symbol will also change, to Iconet Inc. (ICON).
Digital Video Display Technology Corp. claims to proprietary technology, which creates an interactive, audio-visual jukebox system (the "DVD Juke System") linked to a satellite server network (the "DVD Satellite System"). The DVD Juke System and the DVD Satellite System are collectively referred to as the DVD System." In addition to revolutionizing the conventional jukebox, the DVD System was designed to create a totally new marketing venue. The DVD Juke System’s audio and video capability allows it to run the full-fledged audio-visual advertisements seen on television. The system has approximately 12,000 minutes of available ad space per month.
The company did not generate any revenues for the 3 months ending 3/31/2001, net income was a loss of $126.3 thousand. 23.25 million shares are reported outstanding.
At 2:01 EST, DVDT is up .006 (120%). Volume is 2,187,500, over 12X its daily average.
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