SYLMAR, July 12, 2001 (PRIMEZONE) -- On July 16, 2001 Pervasys, Inc. (Pink Sheets:PVYS), in conjuction with Martin Halfon and Lone Star Studios (www.lonestarstudio.com), will begin planning their first Convergence Studio Internet-Based Security System. The first phase of the security system will involve four cameras, feeding into an Internet broadcast unit, and then out on to the Internet. Monitoring will be possible both on the LAN being designed by Pervasys for Lone Star Studios, and generally on the Internet on password-protected pages.
Once the first phase has been completed (which would include placement of cameras on the exterior walls as well as all four of the sound stages), the preview capabilities of the technologies will be more fully explored (i.e. Phase II). Phase III will allow for full scale commercialization of content, fan club viewing and other mass broadcast capabilities, from the Felix units, which are capable of handling up to 4,000 simultaneous clients for video and audio broadcast. The Felix product differs from the streaming video products from Microsoft Netshow, Real Networks Real Player and Apple Quicktime in that it uses a java player, and therefore does not require the user to download, set up or use a player.
Since opening in September 2000, Lone Star has been studio host to Columbia/Tri Star Pictures' Ripley's Believe it or Not television show (Columbia/Tri Star Pictures is a division of Sony Entertainment), Warner Bros. (a division of AOL Time Warner) Eon Enterprises' Burly Man feature film, New Line/Avery Pix's Diablo, Revolution studio's Stealing Stanford and Touchstone Television's ABC pilot (a division of Disney), and The Court, starring Sally Fields. Lone Star's facilities include four large sound stages of 180' X 150', 150' X 100', 150' X 80' and 150' X 75' respectively.
The Pervasys technical team is based in California and Vancouver, B.C. Management, marketing and administrative offices are located in Los Angeles, Vancouver, Canada and Seoul, Korea. Detailed information on Pervasys and its technologies can be found at www.pervasys.com.
Among the Company's market ready innovations are: the Afterburner(tm) Web server, the FeLIX Streaming Video Producer, FeLIX Video Broadcast Servers and Rebroadcast Servers, FeLIX Videoconferencing units, proprietary Forward Error Correcting Internet protocols and P.E.N.S. pervasive balanced networking solutions. These products are designed to promote multimedia convergence by overcoming current Internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high-quality video and audio content. Pervasys plans to use wireless technologies and extends its networking arrangements with Consolidated Gold Win Ventures.
Further information on Pervasys products can be obtained on www.pervasys.com, or by contacting:
Michael Meyer (U.S.), 1-323-571-3717, 1-818-365-1957,
mike@pervasys.com
Brian Sammartino (Canada), 1-604-732-1291, brian@pervasys.com
Chan Son Jeon (Korea), 02-698-1279
For Financial Relations contact Glen Chazak, DeBenn Capital, 1-310-285-4602.
Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services inside or outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, challenges in staffing and managing foreign operations, differing technology standards, employment laws and practices in foreign countries, longer payment cycles, problems in collecting accounts receivable, political instability, fluctuations in currency exchange rates, imposition of currency exchange controls, seasonal restrictions in business activity and potentially adverse tax consequences, any of which could adversely affect the Company's international operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future international operations and consequently, on the Company's business, results of operations, and financial condition.