Business Editors
LOS ANGELES--(BUSINESS WIRE)--Oct. 9, 2002
Alliance Marries Hi-Tech Animatronic Characters
and Video Game Platforms
United Leisure Corporation announced today that its wholly-owned subsidiary, United Internet Technologies ("UIT"), (OTCBB:UTDL),
The pact calls for co-development of peripheral products that will incorporate UIT's proprietary technology and integrate with Sony, Microsoft, and Nintendo game platforms, and promises to profoundly enhance the interactive game-playing experience. Although exact details of the products being developed are confidential at this time, both companies stress that they will add a whole new dimension to the game-playing experience. They will also capitalize on the current push into Internet gaming that Sony and Microsoft have recently announced.
The new products are planned to be unveiled in May 2003 at the E3 Expo in Los Angeles. E3 is the ultimate event for unveiling new technologies for all segments of the interactive computer and video game sector.
UIT develops technologies that enable a wide range of devices, such as business appliances, toys, video game peripherals and medical monitoring devices to communicate and to be controlled via the Internet, game consoles, cable, television and wireless networks. By embedding UIT's technologies into existing devices a new product generation of networkable, intelligent devices is created.
NYKO Technologies develops, manufactures and markets game accessory products that enhance the overall gaming experience. NYKO Technologies, Inc., headquartered in Los Angeles, founded in 1995, the company focuses on bringing to market innovative products with a broad appeal for major entertainment systems including Sony PlayStation 2, Microsoft Xbox, Nintendo GameCube, and Game Boy. These products include such major brands as the Wormlight, Wormlight Plus, UFO Light, Shock 'n' Rock, Viper2, Sony licensed 8MB Memory, Air Flo Controllers and the WormCam.
This news release contains ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this news release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events.