BROOKLYN, N.Y., Jan. 15, 2004 (PRIMEZONE) -- New Medium Enterprises, Inc. (OTCBB:NMEN) today announced that it has acquired all of the assets of MultiDisk Ltd. located in London, U.K., in exchange of the issuance of 38,557,777 shares of New Medium Enterprises, Inc., plus other considerations. MultiDisk, is a high capacity optical media and next generation data storage company that holds the intellectual property assets pertaining to the new emerging proprietary Reflective Multilayer Disk, RMD format.
In a separate transaction, New Medium acquired all of the intellectual property assets of Tri-GM International S.A. in exchange of the issuance of 27,792,999 shares of New Medium Enterprises, Inc. plus other considerations. Tri-GM International S.A. is an R & D company located in Belgium that holds complementary intellectual property assets pertaining to the technologies of the RMD format.
Reflective Multilayer Disk (RMD) a new High Definition proprietary format under development based on integration of concepts and inventions made independently by groups of scientists in several European countries. Some of the scientists have years of experience with all past and present formats of optical storage and in particular with multilayer optical structures. The technology is meant to usher in High Definition TV and high capacity optical discs capable of exceeding current capacity of DVD by 10 fold. Since RMD uses the current standard red laser for read/write, it requires no significant change to the current mastering and replicating infrastructure of standard DVD, unlike the competing technologies of the Blu-Ray products and other products using blue lasers, and thus is easily adaptable for mass marketing with cost efficiency.
RMD provides for a disc, which in format, dimensions, weight and coding can conform to the standards set for CD, DVD, minidisk and, indeed, other information carriers. The optical reader/player will be compatible with current DVD formats. The difference is that a RMD can have up to 20 data-bearing layers, as against the current maximum of two for DVD 9.
"Our intensive search for an innovative and breakthrough technology in a timely industry has finally come to fruition," said Ethel Schwartz, CEO of New Medium Enterprises, Inc. "We look forward to embrace the challenges and opportunities of this exciting technology and we are confident that the acquisition of the RMD technologies and the development of the pipeline of products will be instrumental in enhancing shareholder value."
RMD is currently committed to two generations of red laser products, starting at 14-18GB and continuing to 28-36GB and is hoping to demonstrate the first generation prototype by May 2004 with capacity of 14GB.
Recently, the Federal Communications Commission (FCC) has mandated that all stations must be capable of broadcasting HDTV by 2007. By 2004 all TV sets with screens of 35 inches and larger will have to be fitted for HDTV display and reception.
Forward Looking Statements:
The information contained in this press release, including any ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB, 8k Reports and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
HTML: http://newsroom.eworldwire.com/wr/011504/2065.htm PDF: http://newsroom.eworldwire.com/pdf/011504/2065.pdf ONLINE NEWSROOM: http://newsroom.eworldwire.com/2031.htm LOGO: http://newsroom.eworldwire.com/2031.htm