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Re: OMOLIVES post# 6655

Friday, 04/21/2023 2:58:54 PM

Friday, April 21, 2023 2:58:54 PM

Post# of 7463
And to follow up on that:

In June 2000, we acquired exclusive licenses and sublicenses to certain haptics internet applications from Novint Technologies, Inc. Haptics is an emerging technology that allows computer users to have the physical sensation of manipulating and touching objects on a computer screen as if they were three-dimensional, using a special mouse. Detailed texture and viscosity can be sensed, among many other aspects of touch. The scope of the license includes software for "three-dimensional" internet web browsers and tools for the creation of "three dimensional" web pages. In connection with this transaction, we also acquired rights to receive 36,606 shares of Novint Technologies, Inc. common stock (approximately 43% of that company), and contracted with the developer of the licensed technology for ongoing research and development of the applications that we licensed.

https://www.otcmarkets.com/filing/html?id=1554538&guid=fIm-kFxVe6GWJth

And this was the extent of it:

During 2000, we acquired exclusive licenses and sublicenses to certain haptics Internet applications from Novint Technologies, Inc. Haptics is an emerging technology that allows computer users to have the physical sensation of manipulating and touching objects on a computer screen as if they were three-dimensional, using a special mouse. Detailed texture and viscosity can be sensed, among many other aspects of touch. We also acquired 36,606 shares of Novint Technologies, Inc. common stock, and contracted with the developer of the licensed technology to perform research and development of the licensed applications for contract payments of $1,500,000. In May 2001, we acquired Teneo Computing, Inc., a private corporation with rights to certain haptics applications for dental simulation and oil and gas exploration. We licensed these rights exclusively to Novint in exchange for various enhanced and amended license rights with Novint in the areas of Internet applications and interactive applications. We also acquired an additional 4,066 shares of Novint common stock, increasing our ownership in Novint to 40,672 shares, subsequently split into 4,067,200 shares. For accounting purposes, we have treated the acquisition of the Novint common stock as one transaction. During 2001, Novint worked to develop and begin commercialization of the dental simulation and oil and gas exploration applications, among other things. The Company sold 694,538 shares of Novint common stock in a private transaction receiving proceeds of approximately $459,000.

https://www.otcmarkets.com/filing/html?id=2900192&guid=fIm-kFxVe6GWJth

And this was the end of it for them...:

During 2000, we acquired exclusive licenses and sublicenses to certain haptics Internet applications from Novint. We also acquired 36,606 shares of Novint common stock, and contracted with the developer of the licensed technology to perform research and development of the licensed applications for contract payments of $1,500,000. In May 2001, we acquired Teneo Computing, Inc., a private corporation with rights to certain haptics applications for dental simulation and oil and gas exploration. We licensed these rights exclusively to Novint in exchange for various enhanced and amended license rights with Novint in the areas of Internet applications and interactive applications. We also acquired an additional 4,066 shares of Novint common stock, increasing our ownership in Novint to 40,672 shares, subsequently split into 4,067,200 shares. For accounting purposes, we have treated the acquisition of the Novint common stock as one transaction.

During the year ended December 31, 2006, we sold 100,000 shares of Novint for $66,000 and issued 210,335 shares in lieu of payment of a note payable for $200,000 and interest of $4,000. During the year ended December 31, 2007, we distributed 92,216 shares of Novint as payment of $77,000 of a note payable due to a former officer, and issued 530,000 shares of Novint related to the issuance of convertible debt. As of December 31, 2007, we owned 1,128,859 shares of Novint common stock. Novint’s common stock is traded on the over-the-counter market on the OTC Bulletin Board under the symbol NVNT.

https://www.otcmarkets.com/filing/html?id=6377398&guid=fIm-kFxVe6GWJth

So nothing was ever spun out of that Company ever. They did what all so called incubators do....fund money, play patents...and spit bull shite'. So any discussion regarding them is moot.