InvestorsHub Logo
icon url

ShysterChaser

03/29/05 12:25 PM

#32530 RE: bartolo sanchez #32527

Olla Bartolo Sanchez:

You sound more like Sancho Panza. This is a place where fools tilt with windmills.

High share price for NVEI is above $34.00 per share. Eighteen cents is a lot closer to seven cents (recent low) than it is to a high. Ho Ho Ho.

Where does the alleged tech that New Visual has fit into the current mix? Probably like introducing a lighter-than-air balloon in the age of spacecraft.

Welcome aboard the NVEI train. Hope you did some due diligence before you invested. Owooowe.
icon url

GrooveMaster

03/29/05 12:30 PM

#32532 RE: bartolo sanchez #32527

New Visual and HelloSoft Team Up to Complete Semiconductor Development; Major New Partner Makes Investment in Company
Business Wire, Oct 18, 2004

Save a personal copy of this article and quickly find it again with Furl.net. Get started now. (It's free.)
SAN DIEGO -- New Visual Corporation (OTCBB:NVEI), an emerging provider of semiconductors to the broadband telecommunications industry, announces today that it and HelloSoft, Inc. of San Jose, California, have entered into a strategic partnership to complete the development of New Visual's Embarq(TM) family of transport processors. HelloSoft will invest in New Visual by accepting fifty percent of its compensation in restricted shares of stock.

"From our due diligence on New Visual's technology, we have concluded that they have invented a means to enable local area and wide area networking in a way that is better than we have seen from any other company to date," stated Krishna Yarlagadda, Founder, Chairman & CEO of HelloSoft Inc. "They have created a technology that has the ability to communicate at high speeds in a very noisy environment. This is not an easy problem to solve. We look forward to seeing products in the field with their technology."

"I am pleased to welcome HelloSoft to our team," stated Brad Ketch, President and Chief Executive Officer of New Visual Corporation. "They are known for delivering on time and within budget, and we will benefit from the substantial resources that they are now directing towards the completion of Embarq(TM)".

On October 11, 2004, New Visual and HelloSoft entered into a strategic partnership in the form of an Agreement that sets forth the terms and conditions under which HelloSoft will assist New Visual and its other partner, Adaptive Networks, in the development of Embarq(TM). One feature of this Agreement stipulates that HelloSoft accept 50% of the agreed upon compensation in restricted stock on initiation of the required development and the remainder in cash when agreed upon development milestones are completed and delivered. The number of shares issued to HelloSoft will be derived from a 25% discount of the price per share of the Company's publicly traded stock at the close of the first day of the beginning of the service, and are subject to Rule 144 of the US securities laws.

About HelloSoft, Inc.

Based in San Jose, HelloSoft is a leading provider of high-performance communications intellectual property for next generation communications devices and equipment. HelloSoft is funded by the leading venture capital firms such as Venrock Associates, Sofinnova Ventures, Acer Technology Ventures and JumpStartup Venture. HelloSoft performs custom design work and licenses customizable physical layer and networking protocol intellectual property to semiconductor companies and equipment manufacturers. More information may be found at www.hellosoft.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.

http://www.findarticles.com/p/articles/mi_m0EIN/is_2004_Oct_18/ai_n6239613
icon url

iOwnSomeNVEI

03/29/05 12:52 PM

#32544 RE: bartolo sanchez #32527

Don't worry about Yore, he likes to throw big words at people.
I own shares that are $12.50 and bought all the way down to .10 and plan to ride this baby past $34!

$34 is pree split
and $15 is post split