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Five Full Length Movies on One DVD: Zeros & Ones Unveils Breakthrough
in
Digital Video Compression
SANTA MONICA, Calif.--(BUSINESS WIRE)--July 10, 2001--Zeros & Ones,
Inc.
(OTCBB:ZROS - news) today announced the successful completion of Phase
Two
of its development of a revolutionary new high quality digital video
compression engine.
Code named ``MC-10,'' the new compression engine represents a
breakthrough
in digital compression technology--achieving ratios between three to
ten
times compression with the same or superior levels of image quality to
MPEG2.
The Company is currently in the process of putting five full-length
feature
films on a single DVD to demonstrate the power of its inventions, and
aggressively expanding its patent portfolio along these lines.
The Company intends to commercialize and license MC-10 as well as
several of
its processes into individual products.
The market for digital video compression is huge, encompassing DVDs,
personal video recorders (such as Microsoft Ultimate TV and TiVO),
satellite
TV, digital motion picture transmission to theaters, high-quality video
conferencing, digital video phones, wireless, and other broadband
applications.
The Company is currently seeking strategic technology and investment
partners to further the development of MC-10 and to bring it to its
full
commercial potential.
About Zeros & Ones: Headquartered in Santa Monica, Calif., Zeros &
Ones,
Inc. (www.zerosones.com) is a transmedia holding company with digital
convergence operations in content, technology, and production.
This news release contains forward-looking statements, including but
not
limited to, those that refer to the company's plans for future
securities
listings, or future development plans or operating results. Actual
results
could differ materially from those anticipated due to risk factors that
include, but are not limited to, lack of timely development of products
and
services; lack of market acceptance of products, services and
technologies;
inadequate capital; adverse government regulations; competition;
inability
to earn revenue or profits; dependence on key individuals; inability to
obtain or protect intellectual property rights; inability to obtain
listing
for the company's securities; lower sales and higher operating costs
than
expected; technological obsolescence of the company's products; limited
operating history and risks inherent in the entertainment,
telecommunications and Internet markets and business.
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Contact:
Zeros & Ones, Inc., Santa Monica
For Company Information:
Robert Holtz, 310/399-9901, ext. 110
or
For Investor Information:
Investor Communications Co.
Tom Bostic, 800/511-4217
Penny King Holdings Corporation, a Delaware Investment Holding Company.
