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As far as any name change, I would think that NVEI probably has a few in mind already as if you may recall a few years ago they hired a company for just that purpose and there were several other names that were good other than NVC from what I recall. Add to that the fact that Brad said they would have to change their ticker for the BBX, so it would make economic sense to do both changes at the same time.
Just a few thoughts,
Pengy
On Friday, June 6th NVEI CEO Brad Ketch released a President's Letter
posted on the New Visual website from Supercomm, which he calls the
"Super Bowl of the telecommunications industry".
In the letter he has included various thoughts from meetings he has had
with leaders in the telecommunications industry and as well as with
discussing financing with various people at Supercomma as well.
Overall it is a very straightforward and insightful letter with some
good insightful information about the bright future of New Visual.
Definately worth your time reading in my opinion.
_____________________________________________________________________
President's Letter from SuperComm
_____________________________________________________________________
A Personal Dispatch from SuperComm
To the Shareholders of New Visual
I would like to talk to you today in a way that I have never done
before. This is a personal note to you on the week that I spent at
SUPERCOMM, which is the Super Bowl of the telecommunications industry.
For 16 years, SUPERCOMM has been the single most important industry
event that lets you see what is - and what will be. It is the premier
annual communications and information technology exhibition and
conference. It's like Comdex, for those of you in the computer industry,
only larger.
Tens of thousands of communications leaders from around the world
attended SUPERCOMM 2003 because they know it is the efficient way to
gain insight and information on critical issues that will impact them
for years to come. Some companies put up elaborate booths and
Vegas-style musical presentations, and others slap a poster behind a
table, and man it with a tired salesperson. The best conversations go
down at invitation-only receptions, private meeting rooms and
out-of-the-way hotel suites.
Like most industries, business transactions flow along business
relationships. I have been building relationships for almost twenty
years in this business, and it's great to see that as I have risen in
the ranks, so have my friends. There is a trust there that says, "when
we were struggling together, I trusted you then. Now you're the
President, and I trust you now." My personal database of contacts in
this industry has over 2,300 names, titles and phone numbers - many of
them home numbers. In the rare, unscheduled moments this week I could
literally stand in the intersection of two rows of booths, and every
three or four minutes an old friend would walk up. Besides the delight
in reconnecting, all of us shareholders are delighted when he turns out
to be the new SVP of Global Sales for one of our target customers.
There is no doubt that telecom is coming back. I saw many more telco
personnel than in the last two years, and these are the folks who
ultimately pump fresh dollars into the vendor community. There were far
more Asians than before, reflecting the overwhelming amount of spending
on chips and network elements in that part of the world. Some of the
vendors are posting truly remarkable upticks in revenues and profits,
all signs of new confidence and optimism. This bodes well for New
Visual. Our semiconductor will be launched into this new era of profits,
and profits mean a new era of risk-taking and trying out new ideas.
We've got the hottest new idea out there, and buyers are newly
receptive.
The reception that folks gave me was remarkable. Our supply chain looks
like this:
(insert graphic here)
Now, the specific companies in that chart are not necessarily those with
whom we are in discussions - though some of them are - but are instead
indicative of how this industry is wired together. I was looking for
weakness in this chain, in other words, which link is weak enough that
it could stop us from selling lots of product? Well, I didn't find the
weakness, because there doesn't appear to be any. One of the systems
manufacturers said, "we're definitely looking for the next big chip, and
we hadn't seen it here until we talked to you."
There are lots of reasons why we are getting a high level of interest,
and one of the most important is the collapse of the international
standards. VDSL was supposed to be the next low-cost, standardized,
high-volume way that telcos would drive video on copper lines. Well, the
standards bodies are struggling to remain relevant, and there is a new
openness to innovative, non-standard technologies like ours.
Now that the industry consolidation has sort of run its course, these
manufacturers and service providers are desperate to differentiate
themselves from one another. In other words, cut out from the pack and
offer a service to businesses and homes that is truly different - either
cheaper, or faster, or better, or hopefully, all three. Because we have
developed a highly differentiated product, people are eating it up. "So,
Brad, when are you going to bring your guys around to show us the chip?"
demanded one Chief Technology Officer of a telephone company.
One lunch appointment really sums up how people are feeling about us. I
arranged to meet for lunch with the Director DSL Services for one of the
US's largest telcos, and also with the VP Engineering of one of this
telco's suppliers (who will hopefully be one of our customers). This
Director is doing the long-range planning for his company's entry into
video. "Oh yeah, we definitely want to get more into video," he said,
"because we've got to compete with the cable companies." He turned to
the equipment manufacturer VP, and said, "you guys could do it for us.
So when are you gonna put video capabilities into your box?" The VP
said, "Well, that's really up to Brad. The chip guys have to come
through." I said, "I'm building it as fast as I can. You're going to
love it when we're done." The telco guy then turned to the equipment guy
and said, "get it on with NVC. Now that I know it's coming, we'll be
looking for it on your gear." The equipment guy concluded the
conversation with, "yeah, we're all over it. Can't wait for that FPGA,
Brad!"
By the way, the only negative comments the whole week surrounded our
name. People just do not get the name "New Visual". The Marketing
Director of a software company said, "OK, so you're going to do just
video, right? No? Then why have you put yourself in the 'video' box?
You've got to get out of it, Brad!" He is so right. "New Visual" will be
limiting. And also, it doesn't sound like a chip company. I think that
we will have to consider adopting a new name in the future. And we need
a name with "Semiconductor" in it so that people know what it is that we
do!
So, what about the competition? Nothing exciting to report. "Here I am,
coming to SUPERCOMM for the third year in a row with the exact same
chip," lamented the head of sales for one of our competitors (and a
personal friend). It's more of the same from the established players.
And the new entrants, like us, either have folded (Voyan), or came out
with "me-too" products (You Know Who You Are). I found one new start-up
that I had not heard of before, and they are pursuing a method of
putting high-speed signals on copper that I am convinced is a dead-end
street. So, if there's strong customer openness, and weak competition,
then what is standing in our way?
You knew that I would come to finances eventually. About half of my time
at the show was spent with money guys. I opened up a new dialog with a
major European equipment manufacturer (their new head is a former
customer of mine), and with an Indian investment firm. I am still
confident that one of these deals, or the other deals that we are
pursuing, will close. My confidence comes from statements like that made
by an Asian equipment manufacturer. "What you guys are doing is so
important. Don't lose faith, don't lose focus. Don't give it away to the
first guy that comes in with ten million dollars unless he gives you
want you want." Shareholders, I'm not going to.
This is a long dispatch, and I want to sum it up for you. The industry
is growing again, companies are ready to take a risk again, we have a
highly differentiated and sought-after product, the competition isn't
showing up, and we are close to getting the cash that we need to make it
all a reality. I am more excited than ever before, and I am glad that
you, my shareholder, are on the journey with me.
Warm regards,
Brad Ketch
President and CEO
_____________________________________________________________________
Be sure to check the next newsletter with the recently released RAQ from
the New Visual website as well.
_____________________________________________________________________
The following is the contents of the Recently Asked Questions area from
teh New Visual website. Overall some very good questions are addressed
in this volume of the RAQ including some of the following:
Information disclosed to investors
NVEI's business plan
Embarq Testing
Market for Embarq
and much more.
_____________________________________________________________________
Recently Asked Questions
_____________________________________________________________________
QUESTION:
One thing really concerns me. I wonder how much the potential financiers
get to find out about the tech. Could it be they've seen it and aren't
sure enough about it's viability at this stage, to sink their funds into
it? How much tech information do potential financiers require and how
much does NVEI provide?
ANSWER:
Potential financiers perform a technical evaluation, called a "due
diligence" that is thorough and complete. We provide all of the
information that they request.
Management has repeatedly said that the main challenge that we face in
funding the company is not convincing investors that the technology is
real. The main challenge is finding an investment that does not
needlessly dilute our current shareholders, or dramatically drive down
our share price.
We receive offers on a continual basis that would dilute our
shareholders. An example of one type of offer that we reject is where we
get cash now, but have to issue stock to the investor that then gets
sold on the open market immediately. Another example of a rejected offer
is one where a venture capitalist wants to invest several million
dollars, but wants to end up owning fifty percent, or more, of the
stock. Yet another example are those offers to buy just Embarq for a
small amount, leaving shareholders with a shell company.
Even large equipment manufacturers and semiconductor developers have
made investment proposals that are highly dilutive. The very fact that
they stand to gain a competitive advantage when Embarq is developed
means even more that they want control of the Company. We will not let
them do that to you, our shareholders.
Each of these schemes have endless variations and subtleties that are
time consuming and difficult to sift through. To date, Management has
been successful in avoiding investment deals that needlessly dilute our
shareholders, and we are confident that we will continue to protect
shareholder value.
The types of investments that we are accepting are those that do not
involve stock at all (long-term debt), or those where the stock is
restricted from being sold on the open market for at least one year.
Management and the Board of Directors all own, or have options to own,
the same common stock that our shareholders have. Thus, we all benefit
from less dilution and a higher stock price.
QUESTION:
At what stage are you in NVEI's business plan, and also, can you be
specific about the business plan in general?
ANSWER:
New Visual is a development-stage semiconductor manufacturer that now
has a significant and long-term funding potential that comes from a
legacy business, the film. We have no plans to create another film.
Our future is tied to the successful development and marketing of a
semiconductor that enables regular copper outside plant wires to carry
much more data than they currently can carry. We have, to date, proven
the concept through a technology trial at Maine Telco, and released a
prototype to two target customers. We are pleased with the feedback from
those customers, and are in the midst of developing the second stage of
the prototype, the FPGA. We will release the FPGA to target customers,
receive their feedback, and then develop the high-volume, low cost final
version, which will be an ASIC.
Management has not released projected dates or revenues for the FPGA or
the ASIC, but will begin to characterize those projections when the
development is more mature.
We continue to be excited about the market potential of our technology.
QUESTION:
Have you encountered any troubling problems or setbacks in the
evaluation process with the Embarq Technology? Where is the Embarq
Technology in the evaluation process?
ANSWER:
We have not had any negative reports or setbacks in the evaluation
process. Embarq works, and customers are telling us that they are
interested in buying it when it is complete.
During this period of time where our engineers are busily writing code,
management has various ways of determining whether or not we are still
"on track". We have a written, step-by-step project development plan
that we reference on our regular conference calls and review meetings.
Just last week we asked Dr. Walter Chen of our Advisory Board to visit
us for a day of in-depth evaluation and advice. At the end of this
session, he agreed that the technology is on track for completion.
To complete Embarq, New Visual must go through two more important stages
- the release of the FPGA, and the release of the ASIC. We are working
on the FPGA now, and will release it to several target customers when it
is complete. We will begin working on the ASIC immediately upon the
release of the FPGA, incorporating feedback from our target customers as
we go. At a certain point in the manufacturing process, of course, the
ASIC's design will be locked, and further modifications will be
incorporated into the second ASIC release.
Some investors have expressed concern that the "window" for Embarq could
close before we release the product. Management is not concerned that
this will be the case, because we continue to believe that our
competitors are far behind us. Embarq is a visionary product, and should
remain ahead of the pack for some time to come.
QUESTION:
Approximately how many interested parties Worldwide are there for the
Embarq Technology.
ANSWER:
Embarq will be placed into two separate and distinct spots in the
telecommunications network. One spot is the central office / remote
terminal (CO/RT), and the other is in the customer premise equipment
(CPE).
There are twenty to thirty CO/RT manufacturers who drive ninety percent
of the volume. Examples are companies like Alcatel and UTStarcomm. There
are over a hundred CPE manufacturers, and examples include Westell and
Corecess.
QUESTION:
Are you still planning on licensing the Embarq Technology to all
interested parties, or will it be exclusive by region or country?
ANSWER:
We have not yet decided whether we will license Embarq or not. One
approach is to not license it at all. In this approach, we would
manufacture and sell the ASIC completely on our own. We would use a fab
plant to build the chip, but then would market it under our brand name.
A benefit to shareholders is that we would make more profit per chip
sold.
Another approach is to license the finished chip to a third party. In
this approach, they would manufacture and sell it on their own, under
their own brand name. A benefit to shareholders is that our sales
volumes would be higher.
Then there are mixes to the two approaches. We believe that it is too
early to make a decision, and will consider it in due time.
QUESTION:
When funds become available do you plan on retaining Quint PR's
services, another reputable firm, or will that continue to be handled
in-house?
ANSWER:
Yes, we plan on having extensive public relations and investor relations
activities when we have the funds to spend on them. For now, our
priority is finishing the technology.
QUESTION:
Upon the close of a movie deal do you plan on dismantling the New Visual
Entertainment portion of your website?
ANSWER:
NVE will generate significant profits for us for several years. For at
least another year, NVE will be an important source of funding for NVC,
and as such, will always be prominently featured in our investor
communications.
We plan to reduce the amount of information on our web site as time goes
on, but even seemingly minor redesigns to the layout of the site involve
expense that we do not want to incur right now.
QUESTION:
In the last RAQ there was an update regarding the BBX process/NVEI's
application. It mentioned June 5th as the date we can expect the final
application. Is that still the case? How long after that will we know
about NVEI's status with the BBX?
ANSWER:
The BBX will be a new listed market for small companies. The objective
is to create a more transparent and better-regulated market that will
improve investor protection and enhance the opportunity for small
business to raise equity finance. Management believes that New Visual
will attract much more attention from institutional investors once NVEI
is listed on the BBX, and that this should help support our share price.
One of the great features of the BBX is the "Autoexecution System" for
trades. Unlike the OTCBB system, Autoexecution immediately executes your
orders. Without autoexecution, an investor cannot be certain that his
order to buy or to sell will be filled promptly. This guards against
excess volatility in the stock, which benefits all shareholders. This
system, plus other new, tougher rules, will give us all better
protection against stock price manipulation.
Another feature of the BBX is stronger shareholder rights. If a company
is listed on the BBX, shareholder approval will be required for
transactions that involve acquisitions; the creation of stock options
plans for officers or directors; large, below-market issuances of stock;
and reverse mergers or changes of control. Fortunately for New Visual
investors, all of these rights are already in place, per our corporate
by-laws.
One unfortunate feature of the BBX is that we will be required to get a
new ticker symbol. We have not decided what the symbol will be yet, but
will inform you when we do.
The schedule for the shift to the BBX is as follows:
- June 5, 2003, provided that the application is released by the BBX on
time, we will apply for the BBX.
- January 5, 2004, the BBX goes live
- July 2004 the OTCBB is retired
At a recent BBX conference, we were told that about one-third of the
current OTCBB companies will not be accepted on the new exchange.
Examples of companies that would not qualify are shell companies, those
without outside directors, and those that have had significant SEC
violations in the past. We are confident that we meet all of the listing
requirements and that we will be accepted.
_____________________________________________________________________
For more information you can check http://www.newvisual.com or the
preferred (by many shareholders) New Visual Message Board by and for
Shareholders at
http://www.investorshub.com/boards/board.asp?board_id=435
_____________________________________________________________________
34, Great idea. YHM also.
Pengy
Early yesterday it was announced by New Visual and Artisan Enteretinment that they have struck a deal for the North American Distribution rights for New Visual's "Step Into Liquid" film. "Step Into Liquid" is slated to be released in limited markets on August 8th, 2003 and to a wider national audience through the remainder of August and September. For the theatrical release a substantial print and advertising promition will be launched.
While the exact terms of the contract were not released there is a modest cash advance to New Visual, the following has also been written into the contract, however the specific percentages/amounts were not specified: distribution fees, performance-driven minimum guarantees for both the theatrical and video/DVD releases. The contract terms are for a 10 year license for Artisan.
Additionally, a Microsoft-encoded HiDef DVD is planned for the home video release when that time comes.
I am sure that while NVEI is waiting for a financing deal to close that the upfront monies will assist them with the development of their Embarq Technology as well as day to day operations of the Company itself.
_____________________________________________________________________
The Step Into Liquid PR
_____________________________________________________________________
New Visual Inks Distribution Deal with Artisan Entertainment
"Step Into Liquid" To Hit US Theaters This Summer
SAN DIEGO - May 21, 2003 - NV Entertainment, Inc., a wholly owned subsidiary of New Visual Corporation (OTCBB:NVEI) and Top Secret Productions, LLC are pleased to announce that Artisan Entertainment has acquired exclusive distribution rights in the US and Canada to "Step Into Liquid." The distribution agreement applies to all media, including theatrical, home video/DVD, and cable and broadcast television. The deal comes on the heels of the film's successful screenings and glowing publicity in New York at the Tribeca Film Festival and precedes other planned festival screenings at the LA Film Festival and the Maui Film Festival, both in June. Highlights of the sale include a substantial print and advertising promotional commitment for the theatrical release, distribution fees, performance-driven minimum guarantees for both the theatrical and video/DVD releases, a modest cash advance and a 10 year license.
Adopting a platform release strategy, Artisan expects to open "Step Into Liquid" in New York City, Los Angeles and Newport Beach, California, and Hawaii on August 8, 2003 and widen to national audiences through the remainder of August and September. "With all of the great efforts put into this film working with Dana, Bruce, JP Beeghly, Scotty Waugh, and many others it is such a rewarding moment to now know that `Step Into Liquid' will be shared with national audiences on the big screen this summer," states Ray Willenberg, Jr. Chairman of New Visual and Executive Producer.
Steve Beeks, President, Artisan Home Entertainment stated, "`Step Into Liquid' is an outstanding film that really captures the essence of surfing from both a sporting and cultural perspective. Given the immense popularity of action sports around the world, we believe that audiences will embrace the high adrenaline action that drives the film from beginning to end."
Additionally, a Microsoft-encoded HiDef DVD is planned for the home video release. New Visual previously announced that Microsoft had licensed a trailer of "Step Into Liquid" for the launch of Microsoft's Windows Media 9(TM) Player.
"We are thrilled to be working with the Artisan team to make sure a film that we are so passionate about reaches audiences throughout the US and Canada. The recent non-fiction successes `Buena Vista Social Club' and `Standing in The Shadows of Motown' in both theatrical and home video releases, combined with their past fiction runaways, like `The Blair Witch Project', made Artisan a compelling home for `Step Into Liquid'," stated Rich Wilson, New Visual's Vice President and the film's associate producer. "Now that we have secured distribution for US theatrical, home video, and TV releases, we will turn our attention to foreign sales and other ancillary areas of value, such as sales of the soundtrack and merchandising opportunities."
To read Artisan's press announcement made by Steve Beeks, President, Artisan Home Entertainment and Steve Rothenberg, President, Artisan Entertainment, Domestic Theatrical Distribution, see: www.artisanent.com/Company/PressReleases/pr030520.html.
Artisan Entertainment Inc. is the leading independent producer and distributor of theatrical, television and home entertainment product. The Company coordinates its business activities through two wholly owned operating divisions, Artisan Pictures and Artisan Home Entertainment.
The Artisan Pictures division is responsible for the development, production, marketing and distribution of the Company's annual slate of theatrical films. The Artisan Home Entertainment division has an extensive library of over 7,000 titles which includes its own properties, as well as a wide spectrum of films from Academy Award® winning classics to blockbusters and cult favorites.
About "Step Into Liquid"
By using up-to-the-minute technology, sharp editing and awards-caliber cinematography to present extraordinary subjects in mind-boggling locations, "Step Into Liquid" embraces and celebrates the global surfing culture while managing to also deliver moments of real intimacy. The film takes viewers from the truly terrifying monstrous waves of Oahu's North Shore to the Texas waters of the Gulf of Mexico (where waves are created by massive oil supertankers) to the shores of Ireland and Rapa Nui. Along the way, viewers discover unforgettable human stories, from a man who's surfed every single day for the last 27 years to a young, inspirational surfer just getting back in the water in spite of a surfing accident that's left him paralyzed from the neck down. A true audience-pleaser, "Step Into Liquid" is at once profoundly moving and profoundly entertaining. "Step Into Liquid" is produced by Top Secret Productions LLC, a 50%-owned subsidiary of New Visual. For more information and release dates and venues, see: www.steptintoliquid.com, or www.artisanent.com.
About New Visual Corporation
Based in San Diego, New Visual is a late-development-stage fabless communications semiconductor company. It is developing an advanced technology that allows data to be transmitted at greater speed and across extended distances over existing copper wire. For more information, visit www.newvisual.com.
With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings.
_____________________________________________________________________
Cosmo, Think what you want. If you like I can guess. Would you prefer that? Or would you like some totally irrelevant information such as my knoledge of food and beverage wholesale pricing? Are you remodeling and would you like to know the markup on your kitchen cabinets and countertops? Perhaps you would like to know how to put an alternater belt on older Nissan Pathfinder?
I was just passing on what was mentioned over my phone conversation with a Company Representative. If you don't like it, then simply ignore that post and move onto the next one would be my suggestion. Could I have been more specific? Perhaps. Could I have been more "vague" as you put it, DEFINATELY.
Now for the remark you made about Alica. Since you asked about her voice it has become apparent to me that you haven't made much of an effort to call the Company directly. That is all.
Just a few thoughts,
Pengy
imm,
Yes, a Company representative said that things are going well and also stated that they have certain items that we'll be hearing about in the relative near future, but would not comment on what those items were or any specific time frame as that person should have. Could be the movie, funding, tech, personell, etc...
Pengy
Ps.
It's Alica, not Alissa I believe.
Halston, Actually I contacted NVEI today and my contact person told me very similar things are happening as to what Trex just reported.
Pengy
Good Morning Everybody!
I just have a few thoughts I thought I would share with you today.
As you all know I have not been posting much lately, but I am still an investor in NVEI and follow all that is going on through various means including reading this message board when I have time. Another reason that I haven't been posting much lately is my comfort level with my investment in NVEI. Even with the "news blackout", I am still very confident with my investment in NVEI, especially with the new addition of Mulder.
It certainly sounds like SIL was very well received at the Tribecca Film Festival, and of course that is always a plus. I am still very confident that there will be a favorable deal signed with a major distributor in the future. (Please note that I am refraining from using the term "soon"...LOL)
As far as the progress of the Technology is concerned, all reports have things progressing nicely, but with no specifics, which is to be expected as we'll all find out at the same time there, and I feel that we will all be very pleased. The speeds and distances that NVEI has are unprecedented over single pair copper wiring. That is a fact, and with the major and minor teleco's looking to boost revenues NVEI's Embarq Technology can very well be one of the tools used by teleco's both domestic and abroad to do just that, boost their revenues. Of course with them using/licensing NVEI's Embarq Technology will be a great boost to NVEI's bottom line, and thus us, the Shareholders.
As far as funding is concerned, I am confident that they will find what funding is needed and hopefully that will be through a more traditional financing package, and I am confident that as things progress they will not have much of a problem getting this type of package either through the package already approved by the BOD, or another source.
All in all with the Technology progressing well, the addition of Mulder, and the favorable reviews of SIL, my confidence in my investment in NVEI is very high.
Just a few thoughts,
Pengy
Ps.
It was a pleasure meeting with Deeba & Dave Saturday afternoon and evening while they were passing through this area.
Groove,
It's in Northern KY just minutes from Cinci & CVG.
There will be a few Shareholders in there this coming Satruday.
Pengy
And the prize goes to.......
Groovemaster!
Sheboygan is indeed in WI.
Thank you for participating in the informal contest, and you can stop by Bleachers Sports Bar to pick up your prize: A bottle of 6-day old Scotch!
Pengy
http://www.randmcnally.com/rmc/directions/dirGetMap.jsp?BV_SessionID=@@@@1383618402.1052506953@@@@&a...
dcs, Now if I would have previously noticed that it was going to be in the bar, I would have made prior arrangements to be there....
Pengy
NT, You have that right my friend.
Pengy
OT- NEVER!!!
Cosmo, That is why I very rarely (one of the reasons) that I even bother to even check out that #%@#!%* board anymore.....
Pengy
Cosmo, Of course I'm still here. However I really don't have much time anymore, and also quite frankly there really isn't much to talk about right now that hasn't been discussed any number of times before.
I think that the chances of the financing deal closing are pretty good, but have no idea in what time frame. Hopefully in the VERY near future.
On a sidenote, I did not find that comment about me possibly bashing under another alias remotely funny as it could not be further from the truth.
Pengy
Cosmo, As you know, the deal has been signed and approved by NVEI's BOD and as I recall, we were told that we'll get further details when NVEI receives the funds.
Here is what was stated by the Company in the last RAQ:
"We have not yet closed the deal, but we are cautiously optimistic that we will. In February 2003, Mercatus & Partners Ltd. made a proposal to us regarding a $6 million loan package. We understand that Mercatus is making loans similar to ours to a group of companies that it has presented to a consortium of banks that are to fund the Mercatus loans. On February 24 the Board of Directors formally authorized this transaction and created a series of preferred stock that would be issued to collateralize the loan (filed as an Exhibit titled, "Certificate of Designation for the Series C Preferred Stock" on our most recent Form 10-Q). We told shareholders in the March President's Letter that the deal existed, and that we would keep them posted.
We would remind shareholders, however, that until this loan closes and Mercatus disburses funds to us, the loan is not complete. We would also request shareholders to refrain from contacting Mercatus or other companies in the loan group to discuss this matter.
Once we receive the loan proceeds, we will use it to accelerate our investment in Embarq and to pay some of our significant obligations. As a result, our balance sheet, and therefore our future prospects, will be significantly strengthened. We are excited to be looking at this real possibility of significant funding in the near future."
Source: http://www.newvisual.com/questions/data/q90.cfm
Pengy
Good Afternoon. After catching up on the last 100 or so posts, I thought this would be a good time for me to chime in with a few comments.
Earlier this week I spoke with a Company representative, I will give you a brief update on what we spoke about below:
(remember the comments are in my own words as I recall them from several days ago)
The process Embarq is undergoing at this time is progressing well, and as expected by the Company.
As far as Step Into Liquid is concerned, they are still receiving various offers on it and those are under review by all parties involved at this time, and so the negotiations continue. After/during the Tribecca Film Festival I would tend to think that interest will be greater than it is now.
The pending financing is progressing and all appears to be well there. As to when NVEI will get funding that is an unknown at this time, (at least by me as my contact wouldn't say anything further there other than that we'll hear about it after it happens).
The present share price is always a concern with Management, however with the "necessary evil" (as I call it), of the "news blackout", the price seems to be fairly stable at this level.
That's about it.
Have a GREAT Weekend Y'all!
Pengy
Groove,
You pose a question that I have not seen in quite some time, and believe it or not, it's actually refreshing and a reminder to us all of why we're invested here, etc...
First off, I trust the Management of the Company starting with Ray and on down the ladder. That is pretty much without a doubt as I have met with him on many occasions as well as most of the other members of the Management Team.
I believe in the Technology. With the various people that are involved with the development of the Embarq Technology and their credentials, etc...that just backs up their claims even more if you ask me.
The movie is the movie. While it is indeed a good movie, one which I do believe can reach a mainstream audience, it is still not the main focus of the Company at this time. But you must remember that it also has the potential to bring significant revenues to NVEI.
The above reasons are just a few of the reasons why I have been a Shareholder in NVEI for approx. 5 years.
Since you asked the question, perhaps someone should buy here for the SHEER POTENTIAL of this stock. That is my opinion, and one should draw their own conclustions.
Just a few thoughts,
Pengy
Tigs,
I must say that is one of the best posts I've seen here in a while.
Thank you,
J
Welcome Groove,
I sure don't think you're too late for the party as with the various things happening at NVEI and things that we expect to happen in the near future, you're right on time.
As far as more information about NVEI's Embarq Technology, there isn't too much out there other than what the Company has released on it. However I do believe that we will be hearing more information on Embarq upon the completion and release of the two independent evaluations that it are taking place with two equipment manufacturers at this time.
As many others have also noted, there are many various links when you run a search on Embarq in many languages from Chinese, Hebrew, Russian, Spanish, etc.... It would appear that it is getting press Worldwide as the Technology itself does indeed have Global implications.
Just a few thoughts,
Pengy
NEW VISUAL TECHNOLOGY INFORMATION *Updated 1/05/03
_____________________________________________________________________
New Visual Technology is developing semiconductor technology that allows data to be transmitted at greater speeds over longer distances using regular copper telephone wire. This technology dramatically increases
the capacity of the existing telephone network, allowing
telecommunications carriers around the globe to provide enhanced voice, data, and video services over today's copper infrastructure. With this strategy, carriers can reduce or eliminate the need to install fiber optic technology, reduce operating costs, and increase revenue per line.
New Visual will market its products to leading global telecom equipment makers and service providers, helping them fill the gap between T1 and fiber for both business and consumer users.
The great, unfinished task of the telecom industry is to fill the "last mile" gap that prevents businesses and consumers from enjoying the benefit of the global, high-speed data backbone. The gap occurs where the low-speed capacity of local loop telephone networks meets the demand
for high-speed services. Ninety-three percent of business buildings, for example, are unable to get high-speed data services because the facilities that underlay them are copper wires. Filling the "last mile" gap with fiber is prohibitively expensive, so New Visual has developed a new silicon-based strategy, best described as "Fiber Avoidance" - if a wireline carrier can avoid deploying fiber optics in delivering fiber-like services, that carrier can increase its return on assets in a dramatic way. The value proposition of New Visual can best be summarized as a solution that allows service providers to
send digital information farther and faster, utilizing a low-cost implementation/deployment strategy that leverages the existing copper infrastructure.
New Visual's products are optimally positioned to address critical gaps in the access portion of the network at attractive prices for telecom companies anxious to save money and increase profits. By utilizing the existing copper wire infrastructure, New Visual enables telecom
companies to sell high-margin services and deliver bandwidth-hungry multimedia applications, such as video, voice, and data, which otherwise would be unavailable without extraordinary capital outlays.
New Visual is developing layer-one, IC-based solutions that address the specific needs of both business class and residential markets. These large initial markets include (1) the small- to mid-sized enterprise (SME) market, (2) the MTU/MDU multi-tenant services market, and (3) the
Remote Terminal/Feeder market.
New Visual's "Fiber Avoidance" Strategy
Wireline carriers around the world are experiencing high demand for data-intensive transmission services from enterprises. These services such as T1, Frame Relay, ATM Managed Services, Gigabit Ethernet, and other private line services, are delivered across T1, E1, T1 IMA, N X T1, DS3, E3 and other transmission protocols. While T1 and E1 can be used to reach the buildings that are off the fiber ring, these protocols are limited by copper pair's low speed, high costs, maintenance costs, and poor utilization.
Much has been made in recent years about the benefits of trenching fiber to every building, but the reality is that it is financially feasible for only the largest buildings. Telcos find that it is extremely expensive and impractical to replace the existing copper wire infrastructure with fiber optic technology to 90% of the offices. New fiber costs $500-$1000 per foot to install, and municipalities have begun prohibiting new trenching, making it impossible to start new upgrade projects. Other solutions to enable broadband communications, such as wireless, satellite, and cable modem network technologies, often suffer from poor performance, high deployment costs, and lack of mass
marketability. Most importantly, these technologies fail to allow the telcos to leverage their existing investment in the copper plant.
New Visual's integrated IC's increase the capacity and range of high-speed services on the existing copper network, enabling telephone network operators to increase their offering of services and reduce the cost of network upgrades. Worldwide, this network contains over 950
million copper lines, and currently delivers most of the world's telephone traffic and broadband access. Service providers can leverage this huge existing infrastructure, avoiding the high costs and slow deployments associated with replacing the local loop with fiber.
New Visual Corporation, an emerging provider of semiconductors to the high-speed data networking industry, announced that the company has released a prototype of its first semiconductor product offering. Code-named "Embarq™," the company’s processor will allow telephone companies to transmit data at speeds of up to 90 Mbps across a single pair of copper wires. Two of the company’s target customers in the access equipment industry will now begin evaluating the prototype. Embarq is the first product in a family of transport processors to be developed by New Visual. Transport processors, combined with network processors, form the engine for next-generation high-speed line cards. These line cards are placed in edge access devices like DSLAMs, digital loop carriers, and other access concentrators.
Embarq transmits data across a single copper pair in a single direction as fast as 90 Mbps at a distance of 1,500 feet. This is its asymmetrical mode, where more data is transmitted downstream than is transmitted upstream. Most data services offered by telephone companies to residential subscribers are asymmetrical. Embarq also transmits in a symmetrical mode, where an equal amount of data is transmitted downstream as upstream, at top speeds of 45 Mbps at 1,500 feet. Most data services offered by telephone companies to business subscribers are symmetrical.
Embarq will be deployed in the telephony outside plant across real-world copper drops, where long loop lengths lower this maximum data speed. Performance of the Embarq processor is as follows (all figures are on 24 AWG wire at 10-9 bit error rate):
Distance in feet / Asymmetric / Symmetric
1,500 / 90 Mbps / 45 Mbps
3,000 / 80 Mbps / 40 Mbps
4,500 / 46 Mbps / 23 Mbps
5,500 / 30 Mbps / 15 Mbps
6,500 / 16 Mbps / 8 Mbps
Additionally, the company plans to exploit unique features of Embarq technology, such as low latency, small frame size, and receiver intelligence, to develop products that allow for the placement of multiple repeaters, thus extending the reach even farther.
New Visual’s target customers are the makers of the system equipment that wireline carriers purchase and deploy in their networks. The Company released the Embarq prototype to two equipment manufacturers for evaluation. One of the manufacturers is a world leader in its category, and the other is a next-generation start-up.
These two companies have received the prototype, which is in the current form of patent-pending software and test equipment, and have begun evaluating Embarq for use in their products. More than ninety percent of the technical attributes of the semiconductor is contained in this prototype form.
"Today is a milestone for New Visual and its customers," stated Brad Ketch, New Visual’s President and CEO. "We have delivered on our promise. The Embarq transport processor enables faster transmission and greater range than any commercially available semiconductor, and offers an opportunity for telephone companies around the world to reduce their capital expenditures while meeting the growing demand for high-speed data. Now, as we go to market, which is enormous and growing, we make a new promise. We will build a truly great semiconductor company."
Source: http://www.newvisual.com
_____________________________________________________________________
NVEI RESEARCH LINKS
_____________________________________________________________________
updated 1/05/03
* denotes new links since last update
* OUTSTANDING SHARES: 50,288,987 ( 1/03/03 )
ESTIMATED SHARES IN PUBLIC FLOAT: 23.4 million ( 6/25/02 )
CONTACT INFORMATION:
New Visual Corporation
5920 Friars Road, Suite 104
San Diego, CA 92108
phone: 619.692.0333
fax: 619.718.7446
Company Website: http://www.newvisual.com
Investor Inquiries: info@newvisual.com
Public Relations Firm
Quint PR
495 Seaport Ct.
Redwood City, CA 94063
phone: 650.599.9450
fax: 650.366.4354
Matthew Quint
Subscribe to the NVEI Newsletter by the Shareholder for the Shareholder:
http://www.topica.com/lists/NVEInewsletter
Subscribe to e-mailings directly from New Visual:
http://www.newvisual.com/investors/create.cfm
RECENT DEVELOPMENTS
* New Visual Announces Release of Prototype
90 Mbps Transport Processor Extends Range and Rate of Data Communication
* New Visual Vice Chairman Ivan Berkowitz to Purchase Stock
Recently/Frequently Asked Questions area added to the New Visual Website: http://www.newvisual.com/questions/
NVEI President's Letter for 3rd Quarter:
http://newvisual.com/letters/3rd_quarter_letter.cfm
FACTS AND OPINIONS ABOUT THE RECENT SERIES OF SHAREHOLDERS MEETINGS NVEI HAS BEEN CONDUCTING IN VARIOUS CITIES
Transcript of Cooper's and Ketch's presenations at the last annual Shareholder's Meeting in San Diego:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=86133
PRESS RELEASES:
http://www.newvisual.com/press/
NVEI's SEC FILINGS:
http://www.freeedgar.com
LINK FOR MORE RESEARCH AND EXPLANATION OF COMPUTER MODELING AND
SIMULATION TECHNIQUES
http://www.investorshub.com/boards/read_msg.asp?message_id=262395
ARTICLES AND OPINIONS ABOUT NVEI
White paper entitled " Enter the Broadband Era. " ( this is a GREAT article to read to fully understand the possible implications of New Visual's Embarq Technology )
http://www.instat.com/catalog/downloads/broadbandera_return8yt.htm
BIOGRAPHIES OF BOARD OF DIRECTORS AND ADVISORY BOARD MEMBERS
http://www.newvisual.com/investors/
Link to Zaiq Technologies. The privately held Company that is working on the ASIC design for NVEI:
http://www.zaiqtech.com/
Link to Adaptive Networks. The privately held company that Dr. Propps
owns. http://www.adaptivenetworks.com/
Link to Virata. Dr. Greaves from Cambridge was one of the original
founders of this company. http://www.virata.com/
Cambridge University Biography of Dr. David Greaves
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=70385
PATENT LINKS
General information about filing international patents:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=33061
More specific information on patents:
http://www.patents.com/patents.htm
http://www.uspto.gov/patft/index.html
A post that describes the U.S. patent filing process:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=41240
GENERAL STOCK RESEARCH LINKS
Reference Desk: http://www.refdesk.com/
MISC LINKS
An email reply from John Howell that helps explain some aspects of the "poison pill" provision.
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=63006
Explanation of what BER ( Bit Error Rates ) are and how they are measured.
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=52978
Good article describing and identifying all market makers:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=33108
Glossary of Broadband Terminology:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=26426
NVEI's Movie Link:
http://www.stepintoliquid.com
_____________________________________________________________________
Earlier this morning NVEI released the most recent Recently Asked Questions (RAQ) on various topics which include the following: posting a profit in the first quarter, more information on the financing package we first learned of yesterday, and the possible demand for the Embarq Technology.
_____________________________________________________________________
QUESTION:
I noticed on your quarterly report that you made a profit. That really surprised me! How did you do that?
ANSWER:
Yes, as disclosed in our Quarterly Report, we are pleased to report that we made a $175,000 profit during the first quarter of fiscal 2003. We would underline the fact that this profit was the result of a one-time, non-recurring event.
As a result of a settlement with parties to a past dispute, we received back, and canceled, some stock. Per FASB guidelines, this is entered in our books in such a way that it contributes to our Net Income. Thus, it looks like profit.
Now, we must point out that this profit would not exist if it weren't also for the fact that we are spending a lot less. Here is some of the progress that we made on that front in the quarter:
Compensatory element of stock issuances related to selling, general and administrative expenses were $605,000 during the first quarter of 2003, compared to $702,000 for the first quarter of 2002 - a 14% reduction.
Selling, General and Administrative expenses were reduced 27% from $672,000 to $499,000.
Interest expense decreased 62% from $158,000 for the first quarter of 2002 to $61,000 for the first quarter of 2003.
In addition, because we raised almost one million dollars during the quarter and spent some of it to retire old debt, Current Liabilities decreased 16% from October 31, 2002, from $4.9 million to $4.1 million.
We believe that we are heading in the right direction, and are committed to continuing on this course of prudently operating this Company.
_____________________________________________________________________
QUESTION:
I saw on the 10-Q that you filed yesterday a reference to a $6 million loan. Has this loan been funded?
ANSWER:
We have not yet closed the deal, but we are cautiously optimistic that we will. In February 2003, Mercatus & Partners Ltd. made a proposal to us regarding a $6 million loan package. We understand that Mercatus is making loans similar to ours to a group of companies that it has presented to a consortium of banks that are to fund the Mercatus loans. On February 24 the Board of Directors formally authorized this transaction and created a series of preferred stock that would be issued to collateralize the loan (filed as an Exhibit titled, "Certificate of Designation for the Series C Preferred Stock" on our most recent Form 10-Q). We told shareholders in the March President's Letter that the deal existed, and that we would keep them posted.
We would remind shareholders, however, that until this loan closes and Mercatus disburses funds to us, the loan is not complete. We would also request shareholders to refrain from contacting Mercatus or other companies in the loan group to discuss this matter.
Once we receive the loan proceeds, we will use it to accelerate our investment in Embarq and to pay some of our significant obligations. As a result, our balance sheet, and therefore our future prospects, will be significantly strengthened. We are excited to be looking at this real possibility of significant funding in the near future.
_____________________________________________________________________
QUESTION:
While we wait for Embarq to finish being developed, what do you think is happening to the market for Embarq? Are high-speed business services still growing?
ANSWER:
Yes, the broadband marketplace continues to grow faster than any other area of telecommunications. As an example, Infonetics recently reported that video conferencing grew more than 100% since September 2002. Remember, a half hour of video conferencing uses the equivalent bandwidth of a year and a half of email! Video conferencing is but one example of a rapidly growing symmetrical service.
Among asymmetrical services like high-speed Internet access, worldwide DSL penetration reached 35.9 million in 2002, almost doubling in one year, according to new figures released by the DSL Forum. South Korea is a particularly hot market right now, with as many lines in service as there are in service in the US.
We also note that Infineon recently disclosed that they have shipped more than 3 million QAM VDSL ports in the last two years, which is a very healthy quantity for an emerging technology in a depressed market. We continue to believe that Embarq will outperform any other commercially available or announced technology, thus we are optimistic that we will be offering a major new technology to this vibrant and global broadband marketplace.
_____________________________________________________________________
After further DD on the financing package, etc... I'm sure that we'll be getting further details on this as the final details are closed.
Just a thought,
Pengy
Here is a bit more about Mercatus & Partners:
"MPL seeks out and provides investment capital and consulting services for growing business worldwide, which offer solid management teams taht have unuque products and services with strong growth opportunities in the global market...."
"MPL feels taht certain markets, in spite of the current down trend, still have appeal...."
Sorry about any typos, but on the page where I found this information would not let me copy.
Pengy
Here is a recent funding deal that Mercatus & Partners entered into:
"Jan. 22, 2003--World Am Communications (OTCBB: WLDI) and Mercatus & Partners, Ltd. entered into a $1 million Collateral Loan Agreement and Promissory Note. The Collateral Loan Agreement and Promissory Note provides for a $1 million loan to be made to the Company by Lender secured against shares of the Company's restricted stock. The shares will be held in trust until the loan is repaid and may not be deposited into a brokerage account for sale by the Lender without proof of default by the Company.
The Lender has committed to fund the loan on or before January 31, 2003. Under terms of the agreement, the loan will mature in January of 2008 and calls for interest-only payments for the first twelve months of the agreement at the pre-determined rate of 5.5% per annum."
Very favorable terms indeed, and would like to think that NVEI got a very similar deal with them.
Pengy
cosmo, EXACTLY!
Pengy
In the 10Q filing released last night, it clearly stated that New Visual Corporation has signed a loan package with Mercatus & Partners, Ltd. for the sum of $6 million.
This seems to be pretty much of a straight up loan package which should mean that the Company should not have to rely on selling 144 class shares for funding.
In addition, as stated in the recent President's letter in which a pending funding package was mentioned, this should be enough funds necessary for NVEI to implement their plans.
_____________________________________________________________________
Clip from the 10Q
_____________________________________________________________________
Collateral Loan
Agreement and Promissory Note between the Company and Mercatus & Partners, Ltd.,
of February 2003, in which the Company borrowed $6 million from Mercatus &
Partners, Ltd. (the "2003 Loan Agreement").
_____________________________________________________________________
For more on the loan agreement and the entire 10Q filing, you can click on the link below, and follow the instructions to view the filing:
http://www.freeedgar.com
_____________________________________________________________________
jmfumass, I have spoken with either in person or over the phone with the "worker bees" at NVEI, and while they won't tell me anything specifically about what is going on at NVEI as far as how anything is progressing, etc... they have consistently been very upbeat about the Company's future, and have always been busy working on various projects at NVEI, but they won't comment on what those are either. And as you probably know, it is not their job to handle any sort of Shareholder relations either.....
Pengy
Excel, I'm not sure where this all started, but Rich does not get any percentage of the movie. And as I said, I don't even know how/who started that false rumor. However his name is listed in the credits as a Producer for the movie.
As for how the rest of the payouts for the movie are structured, it is pretty much standard in the business as I understand it. NVEI gets paid first then the rest gets split out accordingly.
Just thought I'd set the record straight,
Pengy
OT- 777, I tend to agree with you there as well.
Pengy
Coach, Yes we have been longing for news, and will continue to do so. As far as the s/p not reacting like we would like it to as part of the letter's reaction, it does what it's doing today. However for it to react like we would like it to, we would need more buying pressure (however as a disclaimer I haven't checked for any T/S reports today, or watched the trading), which leads to several other possible factors:
Many of the longs of this stock are more or less "tapped out".
Many of the longs of this stock are simply holding as they feel they have plenty of shares.
We need more outside buying pressure, and one would think that as this letter is digested and further developments happen in any of several areas, this will happen.
Just a few thoughts,
Pengy
Ron, You do make several valid points in your post, especially about delays with the drywall guys....LOL
However I believe it was stated 4-8 months from the stage in development where they were several months ago to the ASIC development.
Pengy
In the text below you will read about the status of the Embarq Technology and what progress is being made there, however no technical information was released in this letter, and reasons for that as well as other Technology related issues. In addition Brad Ketch, NVEI's CEO has indeed had a recent meeting with a large teleco as well.
NVEI's BOD has approved an attractive financing offer at very favorable terms.
"Step Into Liquid" is in the negotiations process with International Distributors as well.
Overall it is a very optomistic letter and clearly states what progress is being made on many levels at NVEI.
In addition, immedately following the text of the President's Letter, I have included the text of the article written in Variety, a leading Industry Publication about "Step Into Liquid".
_____________________________________________________________________
The First Quarter President's Letter
_____________________________________________________________________
To the shareholders of New Visual Corporation:
I would like to report to you on several new developments at New Visual covering our technology, the film, and general business.
Status of Embarq:
Development on Embarq continues to move in a positive direction. We are debugging and optimizing the code that embodies the technology, and we intend to continue this process for several more weeks. This is time-consuming work that can fail to generate any headlines for you, our shareholder. Compound the technical nature of our development with the fact that we are not going to disclose to our competitors any development that they could use against us, and you've got a "news blackout" situation. It is difficult and frustrating for shareholders to be in this situation, but it is unavoidable.
Some of you write or call with very specific questions about Embarq. We of course understand your curiosity, and I truly wish that I could be clearer about the day-to-day developments with the technology and customers, but following my recent meeting with a large telco it is my opinion that our competitors are learning too much based on information that we have told you in the past. We will certainly keep you posted as material events take place.
So what can we say? We will reiterate to you that the technology works, that it is superior to current technologies, that we are moving forward, and that we are incorporating feedback from target customers into our design. Market demand remains strong and is growing. We are excited about our position in the current marketplace.
Regarding the ongoing testing of our prototypal technology with two different companies, we will issues updates as developments occur. We jointly believe it is in our best interests to maintain strict confidentially about Embarq. The testing and our relationships are strategically important to NVEI's future and we will do our utmost not to jeopardize them. I will say this is one of the most exciting aspects of being involved with New Visual.
Status of "Step Into Liquid":
The film has posted its first income with the licensing of footage to Microsoft. The success of the Santa Barbara Maritime Museum showing continues to pay us dividends. On Monday of last week, Variety Magazine gave "Liquid" a glowing review calling it "Endless Summer's Stunner". We have received hundreds of calls and emails expressing interest, ranging from, "can we distribute it worldwide?" to "what day is HBO going to show it in my town?" We have been, and remain now, in negotiations with multiple international distributors. Our attorneys and agents are reviewing offers, and we are optimistic that we will successfully close a deal that is in your best interests.
General Business:
Regarding financing, a consortium of banks has approached us to loan a significant amount of cash at very favorable terms. The Board of Directors has authorized the company to enter into the transaction and we will keep you posted as matters develop.
We are also hopeful that a future deal for distributing our film could cover most of our cash needs. We expect that these film revenues will, over time, cover our cash requirements or otherwise add to the bottom line as the film is sold in various markets, including theatrical, home video/DVD, foreign, cable and television.
Other financing arrangements are being discussed and we feel confident that we will have the funds necessary to implement our plans.
We would also like to assure shareholders that a question we have received concerning a reverse split is unfounded. The company has no plans to enact any such measure.
One additional initiative that you may be interested in is the BBX exchange. As you may be aware, NASDAQ is planning to launch a new market called the BBX. This exchange will have listing standards, an electronic trading system, and enhanced marketplace rules that will mean better companies, better information, better transparency, and better execution quality in this segment of the market. Pending SEC approval, the BBX will launch in the 4th Quarter of 2003. Additional information regarding the BBX is available on www.bbxchange.com. We look to the BBX as the stepping-stone to NVEI's future application to the NASDAQ.
I want to wrap up this letter by expressing to you my optimism in the future of New Visual. I took this job because I believe that Embarq will be a major new transport processor that will build tremendous value for you, our shareholders. My interests, and the interests of every Director, Executive and Officer, are aligned with our shareholders. Literally. The only way that we make is if you make it. We want to - need to - see NVEI rise. And we will do it.
We will stay the course until we win. And I ask you to do the same. Thank you for your support. And as always, please feel free to contact me with your comments or for further clarification.
Sincerely,
/s/Brad Ketch
Brad Ketch
President and Chief Executive Officer
_____________________________________________________________________
The Variety Article on "Step Into Liquid"
_____________________________________________________________________
New Visual's Step Into Liquid on the front page of Vaieity's Reviews section under the heading FILM Variety Reviews February 24 - March 2, 2003.
(please excuse any typos as I'm typing this out from a hard copy of the article itself.)
Step Into Liquid (above this it has a picture of Keith Malloy catching a wave from the movie).
A New Visual Entertainment presentation of a Top Secret production. Produced by John-Pual Beeghly, Executive producers, Bruce Brown, Ray Willenberg Jr. Directed, written, edited by Dana Brown. Camers (fotoKem color, Super 16mm/24F HD video) John-Paul Beeghly; music, Richard Gibbs; music supervisors, Joe Flecher, George Acongy; associate producer, Scott Waugh; Reviewed at Nodance Film Festival, Park City, Utah, Jan 22,2003. Running time 87 min. With Jim Knost, Alex Knost Dan Malloy, Chris Malloy, Keith Malloy, Larid hamilton, Rob Machado, Kelly Slater, Dale Webster.
(Now for the article itself)
Surf's endless stunner
by Scott Foundas
Spectacular surfing footage highlights Dana Brown's "Step Into Liquid", a superb original docu from the son of surf-docu pioneer Bruce Brown (following several retrospective docus that "revisited" his father's work). But "Step Into Liquid" isn't the usual surf pic with surfing as the road to coolness, babes, and muscles, rather it's an awe-inspiring survey of global surf culture with the power to crush the post "Gidget" decades of Hollywood stereotyping of surfers and surfing. Reaching well beyond even the niche audience for legitimate surf docus, pic fould be the first of its kind to achieve wide mainstream since Brown senior's "The Endless Summer 2" in 1994.
The surf movie has been caught on a rocky point break, at high tide, with no way out ever since Mike Hyson and Robert August found the "perfect wave" at the end of "Eneless Summer" movie 37 years ago; where to go from there? Yet Brown makes the format new again, introducing the primal pleasures of surfing to a generation weaned on Bill and Ted, Jeff Spicoli and the most crassly commercialized years of the surfing era.
Brown isn't out to rant against the corporate takeover of the board-riding industry (other films, like Stacy Peralta's "Dogtown and Z-Boys" have done that). But he is very interested in breaking down stereotypes and enfusing the image of surfing with some much needed positive energy.
Brown approaches surfing less as a sport than as a language -- a common tongue uniting disparate nomads from all corners of the Earth. And as Brown undertakes his multi-year study of that language, he's in pursuit not of waves or summers, but of an understanding of the ageless appeal of surfing.
Journey takes Brown from such unexpected surfing hotbeds in Sheboygan, Wisc., to the monstrous Cortez Banks to Rapa Nui and beyond.
Adopting the travelogue format, "Step Into Liquid" provides an introductory overview of contempo surfing, from the advent of women's pro surfing to such new technologies as "foil boards" which allow riders to hover above the surface of the water. But Brown's interest remains the surfers themselves and why they are so inextricably drawn to the water. Documentary is about the ecstatic connection that takes place between body, board, and wave, and it comes about as close as any movie might conveying that sensation; you feel vaguely stoked when it's over.
With a self-depricating narration voiced by Brown that frequently evoked his fater at his deadpan best, "Step Into Liquid" emphatically reminds us that "real surfers don't say dude". More often than not, Brown's subjects are not impossily bronzed Adonis-types, but everyday folks like San Francisco's Dale Webster, who's been surfing (although not very well) every day of his life, rain or shine, in sickness or health, since 1976.
When Brown turns his attention to the pros -- an issustrious lineup that includes Kelly Slater, Larid Hamilton, and Rob Machado -- "Step Into Liquid" does not lose its genuine character. This sports movie is unconcerned with personal glory.
The surfing footage is remarkable, shot by cinematographer John-Paul Beeghly in fast, close-up images that take the viewer alongside and underneath waves with a thrilling crispness and clarity. Brown displays a special affinity for all-encompassing wide shots that allow the surfer as a small speck against a chruning, sea-blue landscape, like a horseman riding across the horizon at the start of a Western.
But the most extraordinary sights captured by "Step Into Liquid" often occur closer to the shore. Pro-surfing brothers Dan, Chris, and Keith Malloy teach impromptu lessons at an Irish surf school, as Catholic and Protestant youths frolic together joyfully in the firgid whitewater; Brown follows Vietnam vet Jim Knost as he returns to 'Nam (accompanied by son Alex) for the first time since the war, meeting up with the Da Nang Surfing Club.
End of article. Again, sorry about any typos in the above text.
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NEW VISUAL TECHNOLOGY INFORMATION *Updated 1/05/03
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New Visual Technology is developing semiconductor technology that allows data to be transmitted at greater speeds over longer distances using regular copper telephone wire. This technology dramatically increases
the capacity of the existing telephone network, allowing
telecommunications carriers around the globe to provide enhanced voice, data, and video services over today's copper infrastructure. With this strategy, carriers can reduce or eliminate the need to install fiber optic technology, reduce operating costs, and increase revenue per line.
New Visual will market its products to leading global telecom equipment makers and service providers, helping them fill the gap between T1 and fiber for both business and consumer users.
The great, unfinished task of the telecom industry is to fill the "last mile" gap that prevents businesses and consumers from enjoying the benefit of the global, high-speed data backbone. The gap occurs where the low-speed capacity of local loop telephone networks meets the demand
for high-speed services. Ninety-three percent of business buildings, for example, are unable to get high-speed data services because the facilities that underlay them are copper wires. Filling the "last mile" gap with fiber is prohibitively expensive, so New Visual has developed a new silicon-based strategy, best described as "Fiber Avoidance" - if a wireline carrier can avoid deploying fiber optics in delivering fiber-like services, that carrier can increase its return on assets in a dramatic way. The value proposition of New Visual can best be summarized as a solution that allows service providers to
send digital information farther and faster, utilizing a low-cost implementation/deployment strategy that leverages the existing copper infrastructure.
New Visual's products are optimally positioned to address critical gaps in the access portion of the network at attractive prices for telecom companies anxious to save money and increase profits. By utilizing the existing copper wire infrastructure, New Visual enables telecom
companies to sell high-margin services and deliver bandwidth-hungry multimedia applications, such as video, voice, and data, which otherwise would be unavailable without extraordinary capital outlays.
New Visual is developing layer-one, IC-based solutions that address the specific needs of both business class and residential markets. These large initial markets include (1) the small- to mid-sized enterprise (SME) market, (2) the MTU/MDU multi-tenant services market, and (3) the
Remote Terminal/Feeder market.
New Visual's "Fiber Avoidance" Strategy
Wireline carriers around the world are experiencing high demand for data-intensive transmission services from enterprises. These services such as T1, Frame Relay, ATM Managed Services, Gigabit Ethernet, and other private line services, are delivered across T1, E1, T1 IMA, N X T1, DS3, E3 and other transmission protocols. While T1 and E1 can be used to reach the buildings that are off the fiber ring, these protocols are limited by copper pair's low speed, high costs, maintenance costs, and poor utilization.
Much has been made in recent years about the benefits of trenching fiber to every building, but the reality is that it is financially feasible for only the largest buildings. Telcos find that it is extremely expensive and impractical to replace the existing copper wire infrastructure with fiber optic technology to 90% of the offices. New fiber costs $500-$1000 per foot to install, and municipalities have begun prohibiting new trenching, making it impossible to start new upgrade projects. Other solutions to enable broadband communications, such as wireless, satellite, and cable modem network technologies, often suffer from poor performance, high deployment costs, and lack of mass
marketability. Most importantly, these technologies fail to allow the telcos to leverage their existing investment in the copper plant.
New Visual's integrated IC's increase the capacity and range of high-speed services on the existing copper network, enabling telephone network operators to increase their offering of services and reduce the cost of network upgrades. Worldwide, this network contains over 950
million copper lines, and currently delivers most of the world's telephone traffic and broadband access. Service providers can leverage this huge existing infrastructure, avoiding the high costs and slow deployments associated with replacing the local loop with fiber.
New Visual Corporation, an emerging provider of semiconductors to the high-speed data networking industry, announced that the company has released a prototype of its first semiconductor product offering. Code-named "Embarq™," the company’s processor will allow telephone companies to transmit data at speeds of up to 90 Mbps across a single pair of copper wires. Two of the company’s target customers in the access equipment industry will now begin evaluating the prototype. Embarq is the first product in a family of transport processors to be developed by New Visual. Transport processors, combined with network processors, form the engine for next-generation high-speed line cards. These line cards are placed in edge access devices like DSLAMs, digital loop carriers, and other access concentrators.
Embarq transmits data across a single copper pair in a single direction as fast as 90 Mbps at a distance of 1,500 feet. This is its asymmetrical mode, where more data is transmitted downstream than is transmitted upstream. Most data services offered by telephone companies to residential subscribers are asymmetrical. Embarq also transmits in a symmetrical mode, where an equal amount of data is transmitted downstream as upstream, at top speeds of 45 Mbps at 1,500 feet. Most data services offered by telephone companies to business subscribers are symmetrical.
Embarq will be deployed in the telephony outside plant across real-world copper drops, where long loop lengths lower this maximum data speed. Performance of the Embarq processor is as follows (all figures are on 24 AWG wire at 10-9 bit error rate):
Distance in feet / Asymmetric / Symmetric
1,500 / 90 Mbps / 45 Mbps
3,000 / 80 Mbps / 40 Mbps
4,500 / 46 Mbps / 23 Mbps
5,500 / 30 Mbps / 15 Mbps
6,500 / 16 Mbps / 8 Mbps
Additionally, the company plans to exploit unique features of Embarq technology, such as low latency, small frame size, and receiver intelligence, to develop products that allow for the placement of multiple repeaters, thus extending the reach even farther.
New Visual’s target customers are the makers of the system equipment that wireline carriers purchase and deploy in their networks. The Company released the Embarq prototype to two equipment manufacturers for evaluation. One of the manufacturers is a world leader in its category, and the other is a next-generation start-up.
These two companies have received the prototype, which is in the current form of patent-pending software and test equipment, and have begun evaluating Embarq for use in their products. More than ninety percent of the technical attributes of the semiconductor is contained in this prototype form.
"Today is a milestone for New Visual and its customers," stated Brad Ketch, New Visual’s President and CEO. "We have delivered on our promise. The Embarq transport processor enables faster transmission and greater range than any commercially available semiconductor, and offers an opportunity for telephone companies around the world to reduce their capital expenditures while meeting the growing demand for high-speed data. Now, as we go to market, which is enormous and growing, we make a new promise. We will build a truly great semiconductor company."
Source: http://www.newvisual.com
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NVEI RESEARCH LINKS
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updated 1/05/03
* denotes new links since last update
* OUTSTANDING SHARES: 50,288,987 ( 1/03/03 )
ESTIMATED SHARES IN PUBLIC FLOAT: 23.4 million ( 6/25/02 )
CONTACT INFORMATION:
New Visual Corporation
5920 Friars Road, Suite 104
San Diego, CA 92108
phone: 619.692.0333
fax: 619.718.7446
Company Website: http://www.newvisual.com
Investor Inquiries: info@newvisual.com
Public Relations Firm
Quint PR
495 Seaport Ct.
Redwood City, CA 94063
phone: 650.599.9450
fax: 650.366.4354
Matthew Quint
Subscribe to the NVEI Newsletter by the Shareholder for the Shareholder:
http://www.topica.com/lists/NVEInewsletter
Subscribe to e-mailings directly from New Visual:
http://www.newvisual.com/investors/create.cfm
RECENT DEVELOPMENTS
* New Visual Announces Release of Prototype
90 Mbps Transport Processor Extends Range and Rate of Data Communication
* New Visual Vice Chairman Ivan Berkowitz to Purchase Stock
Recently/Frequently Asked Questions area added to the New Visual Website: http://www.newvisual.com/questions/
NVEI President's Letter for 3rd Quarter:
http://newvisual.com/letters/3rd_quarter_letter.cfm
FACTS AND OPINIONS ABOUT THE RECENT SERIES OF SHAREHOLDERS MEETINGS NVEI HAS BEEN CONDUCTING IN VARIOUS CITIES
Transcript of Cooper's and Ketch's presenations at the last annual Shareholder's Meeting in San Diego:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=86133
PRESS RELEASES:
http://www.newvisual.com/press/
NVEI's SEC FILINGS:
http://www.freeedgar.com
LINK FOR MORE RESEARCH AND EXPLANATION OF COMPUTER MODELING AND
SIMULATION TECHNIQUES
http://www.investorshub.com/boards/read_msg.asp?message_id=262395
ARTICLES AND OPINIONS ABOUT NVEI
White paper entitled " Enter the Broadband Era. " ( this is a GREAT article to read to fully understand the possible implications of New Visual's Embarq Technology )
http://www.instat.com/catalog/downloads/broadbandera_return8yt.htm
BIOGRAPHIES OF BOARD OF DIRECTORS AND ADVISORY BOARD MEMBERS
http://www.newvisual.com/investors/
Link to Zaiq Technologies. The privately held Company that is working on the ASIC design for NVEI:
http://www.zaiqtech.com/
Link to Adaptive Networks. The privately held company that Dr. Propps
owns. http://www.adaptivenetworks.com/
Link to Virata. Dr. Greaves from Cambridge was one of the original
founders of this company. http://www.virata.com/
Cambridge University Biography of Dr. David Greaves
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=70385
PATENT LINKS
General information about filing international patents:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=33061
More specific information on patents:
http://www.patents.com/patents.htm
http://www.uspto.gov/patft/index.html
A post that describes the U.S. patent filing process:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=41240
GENERAL STOCK RESEARCH LINKS
Reference Desk: http://www.refdesk.com/
MISC LINKS
An email reply from John Howell that helps explain some aspects of the "poison pill" provision.
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=63006
Explanation of what BER ( Bit Error Rates ) are and how they are measured.
http://ragingbull.lycos.com/mboard/boards.cgi?board=NVEI&read=52978
Good article describing and identifying all market makers:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=33108
Glossary of Broadband Terminology:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=NVEI&read=26426
NVEI's Movie Link:
http://www.stepintoliquid.com
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Very good letter indeed with the possible exception of a "news blackout" however they are keeping lines of communication open by letting us know of this, and overall it should work to NVEI's advantage as stated in the letter. However progress is indeed being made in this area as stated. Just a few more weeks for the "debugging" process. All reasons stated for this are valid, and I believe in our best interest.
Regarding financing that is yet another positive step as the BOD has authorized the Company to enter into that very favorable transaction.
SIL, yet even more good news there with negotiations with multiple International Distributors.
Very optomistic indeed and I look forward to further developments by NVEI in the areas discussed in the letter.
Just a few thoughts,
Pengy
Ps.
ZZT, Thanks for catching the letter at this late hour.
President's Letter, First Quarter 2003
To the shareholders of New Visual Corporation:
I would like to report to you on several new developments at New Visual covering our technology, the film, and general business.
Status of Embarq:
Development on Embarq continues to move in a positive direction. We are debugging and optimizing the code that embodies the technology, and we intend to continue this process for several more weeks. This is time-consuming work that can fail to generate any headlines for you, our shareholder. Compound the technical nature of our development with the fact that we are not going to disclose to our competitors any development that they could use against us, and you've got a "news blackout" situation. It is difficult and frustrating for shareholders to be in this situation, but it is unavoidable.
Some of you write or call with very specific questions about Embarq. We of course understand your curiosity, and I truly wish that I could be clearer about the day-to-day developments with the technology and customers, but following my recent meeting with a large telco it is my opinion that our competitors are learning too much based on information that we have told you in the past. We will certainly keep you posted as material events take place.
So what can we say? We will reiterate to you that the technology works, that it is superior to current technologies, that we are moving forward, and that we are incorporating feedback from target customers into our design. Market demand remains strong and is growing. We are excited about our position in the current marketplace.
Regarding the ongoing testing of our prototypal technology with two different companies, we will issues updates as developments occur. We jointly believe it is in our best interests to maintain strict confidentially about Embarq. The testing and our relationships are strategically important to NVEI's future and we will do our utmost not to jeopardize them. I will say this is one of the most exciting aspects of being involved with New Visual.
Status of "Step Into Liquid":
The film has posted its first income with the licensing of footage to Microsoft. The success of the Santa Barbara Maritime Museum showing continues to pay us dividends. On Monday of last week, Variety Magazine gave "Liquid" a glowing review calling it "Endless Summer's Stunner". We have received hundreds of calls and emails expressing interest, ranging from, "can we distribute it worldwide?" to "what day is HBO going to show it in my town?" We have been, and remain now, in negotiations with multiple international distributors. Our attorneys and agents are reviewing offers, and we are optimistic that we will successfully close a deal that is in your best interests.
General Business:
Regarding financing, a consortium of banks has approached us to loan a significant amount of cash at very favorable terms. The Board of Directors has authorized the company to enter into the transaction and we will keep you posted as matters develop.
We are also hopeful that a future deal for distributing our film could cover most of our cash needs. We expect that these film revenues will, over time, cover our cash requirements or otherwise add to the bottom line as the film is sold in various markets, including theatrical, home video/DVD, foreign, cable and television.
Other financing arrangements are being discussed and we feel confident that we will have the funds necessary to implement our plans.
We would also like to assure shareholders that a question we have received concerning a reverse split is unfounded. The company has no plans to enact any such measure.
One additional initiative that you may be interested in is the BBX exchange. As you may be aware, NASDAQ is planning to launch a new market called the BBX. This exchange will have listing standards, an electronic trading system, and enhanced marketplace rules that will mean better companies, better information, better transparency, and better execution quality in this segment of the market. Pending SEC approval, the BBX will launch in the 4th Quarter of 2003. Additional information regarding the BBX is available on www.bbxchange.com. We look to the BBX as the stepping-stone to NVEI's future application to the NASDAQ.
I want to wrap up this letter by expressing to you my optimism in the future of New Visual. I took this job because I believe that Embarq will be a major new transport processor that will build tremendous value for you, our shareholders. My interests, and the interests of every Director, Executive and Officer, are aligned with our shareholders. Literally. The only way that we make is if you make it. We want to - need to - see NVEI rise. And we will do it.
We will stay the course until we win. And I ask you to do the same. Thank you for your support. And as always, please feel free to contact me with your comments or for further clarification.
Sincerely,
/s/Brad Ketch
Brad Ketch
President and Chief Executive Officer
Dough, I disagree with you on this one.
While we are all disappointed in the present share price and the timeframe that it has taken NVEI to get where they are today, things are indeed happening at the Company with both the Technology and Entertainment Divisions. Ray has done quite a bit to get NVEI this far and I truly believe that if it weren't for his hard work and dedication to us, the Shareholders that there would be no Company today. He has done this and continues to do so in order for us not to get screwed. That is a fact. He doesn't like the share price where it is at present either.
We can all go on and complain about the present share price and timelines or we can look at where they once were, where they are now, and how NVEI got to where it is today. I'll be the first to admit that there were mistakes made by Management along the way, but that is just part of the process. Heck, you can look at any number of Companies, either OTC, NASDAQ, or whatever and there are quite a few mistakes made by those Companies (many more IMO) than those that have been made by NVEI.
When you're dealing with a disruptive Technology like NVEI's Embarq Tech., there are many factors that need to be looked at, precautions and protections taken, etc... When they are this close to the finish line, it is better to be careful than sorry, and I for one am glad they're being careful as we will reap the benefits of their labors and decisions in the future.
Another thing to remember is that at present time as far as the Technology is concerned it is being run through rigorous tests by the two equipment manufactuers that NVEI had selected to do so. With NDA's in place and the variety of tests being performed that just takes time. Unfortunately for us, we just don't know how much time the testing and reporting of the tests will take or has taken. Then for the fun part of turning it all over to the lawyers for approval/release.
Just a few thoughts,
Pengy
Ps
I am a Shareholder in NVEI for approx. 4 years which has gone to numberous NVEI-related Meetings, and has met with NVEI officials many times as well as many of the Shareholders of NVEI.
MWL, If you don't know and you were invested in the Company for some time, then some DD on your part....LOL
Rich is the "behind the scenes" guy. If something needs to get done he makes that happen to simply put it.
He has found engineers for the Company.
He coordinates aspects of the Technology.
He has done presentations on the Technology.
He has been to Trade Shows representing NVEI.
He is listed as a media contact for NVEI.
He was listed in the credits as one of the movie's producers.
He generally does not take Shareholder inquiries though as he's already busy enough.
Rich really understands how the Technology works, and its uses as well. He has done quite a bit for NVEI in the past and will continue to work hard at any task that is put in front of him.
And that is just a little bit of what Rich does for NVEI. I for one am very happy with all that he has done and continues to do for NVEI. For more information, you may want to consult the following link: http://www.newvisual.com and do some surfing around that site as it does not seem like you've EVER been there.
Have a NICE NIGHT!
Pengy
Good deal. Yet another sign of positive progress on NVEI's part. Thanks for posting the link.
NV Entertainment Licenses ``Step Into Liquid'' to Microsoft
Monday March 3, 7:05 am ET
Clip From Surf Adventure Film to Demo Windows Media 9 on DVD Sampler
SAN DIEGO--(BUSINESS WIRE)--March 3, 2003--NV Entertainment, a wholly owned subsidiary of New Visual Corporation (OTCBB: NVEI - News) and Top Secret Productions, LLC, announced today the completion of a digital content license agreement with Microsoft Corporation for a promotional clip of Step Into Liquid, a surfing adventure film produced by Top Secret Productions.
The non-exclusive, worldwide license was granted to Microsoft in exchange for $70,000 in cash and authorizes use of the 7 1/2 minute clip for the distribution of up to 6 million Microsoft DVD samplers targeted for release this summer. In an effort to demonstrate the advanced player features of Windows Media 9(TM), Microsoft has selected multiple high quality clips from a wide range of films, including Step Into Liquid.
"This is exciting for us for a number of reasons. First and foremost, we are pleased to continue a rewarding partnership with Microsoft and want to thank them for recognizing our film as a signature piece in the future of digital film making," notes Ray Willenberg, Chairman of New Visual and executive producer of the film.
Mastered in the new High Definition format, Step Into Liquid is optimally suited for Microsoft's media player initiatives in the new era of digital filmmaking. "Also, the exposure associated with reaching 5 to 6 million consumers with a teaser of the film at a time when we are beginning to promote it, is incredibly valuable," concludes Willenberg.
The deal comes as Top Secret Productions begins to market the acclaimed motion picture, which has recently been favorably reviewed in Variety and Surfing Magazine.
About Step Into Liquid
Step Into Liquid is a Dana Brown film that tells tales from twenty different locations. It features surfing legends like Laird Hamilton and Dave Kalama surfing at Jaws, an aerial spectacle from Taj Burrow in Australia, the Malloy brothers in Ireland, Peter Mel, "Skindog" Collins and crew surfing Monster Mavericks, super tanker wake surfing in Texas, Rapa Nui's first-ever tow-in, long-boarding on Lake Michigan, and a highly anticipated footage of Cortez Banks and its sixty-foot plus waves. For more information: www.steptintoliquid.com.
About NV Entertainment
Based in San Diego, NV Entertainment, Inc. is a subsidiary of New Visual Corporation, a late-development-stage fabless communications semiconductor company. For more information, visit www.newvisual.com. The company owns 50 percent of Top Secret Productions, LLC, the maker of Step Into Liquid.
With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of its products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; risks associated with the film release of Step into Liquid, including the film's distribution; and other factors detailed in this press release and in the Company's Securities and Exchange Commission filings.
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Contact:
New Visual Corporation
C. Rich Wilson, 619/692-0333
info@newvisual.com
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Source: New Visual Corporation