Ostara Corporation Announces Plan to Launch Production of the World's First [DWHJZST]
Two-Way Live Video PCDA, the ''Nav'' in 3Q of 2005
Business Editors/High-Tech Writers
WERNERSVILLE, Pa.--(BUSINESS WIRE)--Feb. 3, 2005--Ostara Corporation's (OTC:OTRC) PSNet Communications Inc. announces plans for the launch of the world's first two-way live video conferencing PCDA in the third Quarter of this year. The new streaming video conferencing device, the Nav(TM), (short for PLANet Navigator(TM) and pronounced 'planet'), will allow its users to communicate from one hand held device to another via streaming two-way live video and audio combined. The world's first PCDA or "Personal Communication Data/Digital Assistant", is an acronym designed to imply the PDA's overdue transition from a simple digital scheduling, notes, and personal contact depository, to the market's only full-scale ultimate convergence device. The product will offer the most effective streaming live video available, allowing for business executives, engineers, site inspectors, construction workers, military and medical personnel, to communicate face to face from different geographies across the globe in a mobile wireless network.
Ostara CEO, Chad Sayers, founder of PSNet Communications Inc. and creator of the Nav(TM) said, "This new mobile device empowers separate individuals to view real-time conditions nearly anywhere in the world where cellular communications are available. The benefit that this device will bring to industries across the globe is enormous."
Sayers continued, "It will now be possible to see the world as if it were present before your very eyes from thousands of miles away. It isn't difficult to imagine a soldier at a base being able to make a mobile video call to his or her family and even watch a live performance by their child in a play."
The commercial applications are staggering. Functions such as video archiving for records and high end business to business (B 2 B) as well as business to consumer (B 2 C) capabilities create the possibility for easy market penetration. The hardware's combination with the Health One Global Ltd. software and patented products is expected to revolutionize healthcare technology across the globe.
The Nav(TM) will offer a new 'remote save' capability allowing the user to save any information entered to a remote storage server for recall should the Nav(TM) be broken, lost or stolen. No more lost data! In addition, the device allows for Blackberry type communications with its own Qwerty keyboard. It will have the ability to receive movie downloads in beautiful full color format. A miniature surround sound type 3 D audio is also a standard for movie viewing and MP 3 listening.
The Nav(TM)'s software won best of show for its category at the Consumer Electronics Show in Las Vegas 2004.
Said Mr. Sayers, "This product is ultimate convergence device."
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's operations, imprecision in estimating product reserves and the Company's ability to replace and expand its real estate interests. Ostara Corp. assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
--30--RB/ph*
CONTACT: Ostara Corporation
Alfonso C. Knoll, 610-678-7900
www.OstaraCorp.com
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS NETWORKING INTERNET E-COMMERCE PRODUCT
SOURCE: Ostara Corporation
Copyright Business Wire 2005
03Feb05 18:52 GMT
Symbols: us;OTRC
Source BW Business Wire
Categories: MST/I/CMT MST/I/CPM MST/I/NET MST/L/EN MST/R/US/PA MST/S/PDT TGT/BWN
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