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Post by Franko10 ™ on Jan 28, 2005 22:19:33 GMT -5
Jarvis Entertainment Group Acquires Control Position in Cyber Mark International; Samuel Singal Resigns as President and CEO
TORONTO--(BUSINESS WIRE)--July 30, 2001
Internet technology and entertainment holding company Jarvis Entertainment Group, Inc. (Pink Sheets:JRVE) has acquired a controlling interest in Cyber Mark International Corp. (OTC:CMKI), a developer and manufacturer of proprietary Virtual Reality entertainment software and games.
Samuel Singal resigns as President and CEO of Cyber Mark International, assuming a consulting position with the company and remaining as a shareholder. Corporate offices and manufacturing facilities of Cyber Mark will move from Canada to Houston, Texas.
"This is the best outcome for our shareholders and our company. I will facilitate the transition as well as consult on future software development," said Sam Singal. "I am proud of what we've built; I look forward to assisting John Jarvis take the company even further."
Cyber Mark International, a leader in the development and manufacturer of virtual reality entertainment, is best known for its "Virtual Speedway 300" and "Cobra" virtual reality gaming products. Their competitive advantage is derived from proprietary, leading edge Virtual Reality software and competitively priced products.
Based in Houston, Jarvis Entertainment Group, Inc. is an internet technology and entertainment holding company with up to 142 employees, including seasonal, part time, and network administrative staff to support the entertainment, virtual reality, network and information technology complex. JRVE operates four business divisions: Onsite Entertainment, Network Operations, Connectivity and Manufacturing. Onsite entertainment - This division houses an Information Technology (IT) center, A bowling alley and virtual reality retail complex, corporate offices, And acts as testing ground for upcoming JRVE products. Network Operations - The Network owns, operates and develops a multitude of web sites, and was recently ranked in the top 300 as a web property worldwide by Jupiter Media Metrix. Connectivity - this is a fiber division. The J project fiber upgrade offers expanded services and bandwidth for commercial and residential customers. Manufacturing - This division produces cutting edge virtual reality entertainment products for commercial and residential applications in our 35,000 sq. ft. Houston facility.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve the risk and uncertainties, which are described in Cyber Mark's SEC reports, including the 10-KSB for the period ended December 31, 2000 and the 10-QSB for the period ended March 31, 2001.
COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group
TORONTO--(BUSINESS WIRE)--July 30, 2001
Internet technology and entertainment holding company Jarvis Entertainment Group, Inc. (Pink Sheets:JRVE) has acquired a controlling interest in Cyber Mark International Corp. (OTC:CMKI), a developer and manufacturer of proprietary Virtual Reality entertainment software and games.
Samuel Singal resigns as President and CEO of Cyber Mark International, assuming a consulting position with the company and remaining as a shareholder. Corporate offices and manufacturing facilities of Cyber Mark will move from Canada to Houston, Texas.
"This is the best outcome for our shareholders and our company. I will facilitate the transition as well as consult on future software development," said Sam Singal. "I am proud of what we've built; I look forward to assisting John Jarvis take the company even further."
Cyber Mark International, a leader in the development and manufacturer of virtual reality entertainment, is best known for its "Virtual Speedway 300" and "Cobra" virtual reality gaming products. Their competitive advantage is derived from proprietary, leading edge Virtual Reality software and competitively priced products.
Based in Houston, Jarvis Entertainment Group, Inc. is an internet technology and entertainment holding company with up to 142 employees, including seasonal, part time, and network administrative staff to support the entertainment, virtual reality, network and information technology complex. JRVE operates four business divisions: Onsite Entertainment, Network Operations, Connectivity and Manufacturing. Onsite entertainment - This division houses an Information Technology (IT) center, A bowling alley and virtual reality retail complex, corporate offices, And acts as testing ground for upcoming JRVE products. Network Operations - The Network owns, operates and develops a multitude of web sites, and was recently ranked in the top 300 as a web property worldwide by Jupiter Media Metrix. Connectivity - this is a fiber division. The J project fiber upgrade offers expanded services and bandwidth for commercial and residential customers. Manufacturing - This division produces cutting edge virtual reality entertainment products for commercial and residential applications in our 35,000 sq. ft. Houston facility.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve the risk and uncertainties, which are described in Cyber Mark's SEC reports, including the 10-KSB for the period ended December 31, 2000 and the 10-QSB for the period ended March 31, 2001.
COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group
