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| ANNOUNCEMENT
FOR IMMEDIATE
RELEASE Margate, Kent - September 3, 2004 TV One announces the acquisition of 100% of the outstanding shares of Vine Micros Limited, located in Margate, Kent, England. The transaction was closed on August 29. David K. Barnes, CEO of TV One, stated, "This is a natural step in the decade long relationship between Vine and TV One. The close interaction between the two companies has always worked to our mutual advantage. TV One's sales and marketing expertise, coupled with Vine's R&D and manufacturing capability has served both companies very well. Vine's intellectual property, including its CORIO and CORIO2 video conversion technologies, is a valuable asset that figures prominently in TV One's short and long term product development plans for the Professional AV and Broadcast markets. Barnes also stated, "This gives us an established base of operations to provide sales and technical support throughout Europe for the entire range of TV One products. We will move swiftly to integrate our products into the existing Vine distribution network. This compliments coverage afforded by our offices in the USA, Latin America and Asia." Richard Mallett, Managing Director and Head of Research & Development for Vine stated, "After twenty years of day-to-day company management as well as heading our R&D program, I am excited to now be able to focus all my efforts on developing new technologies and products. Our CORIO2 technology and future derivatives of it will now receive my full attention. " Mallett also stated, "Because of our long term relationship, the acquisition by TV One is a comfortable fit and I look forward to a bright future for TV One Europe. The broad range of TV One products will be a great compliment to the current range of Vine products and make the complete package very attractive to our customers." Barnes further
stated, "In addition to assuming the position of Managing Director of
TV One Europe (soon to be renamed from Vine Micros), I will continue
my duties as CEO of TV One in the USA. Therefore, I am pleased to announce
that Steven Mattingly has been appointed to the post of General Manger
of TV One Europe. Steven is also a Director of the company. His previous
position as Vine's International Sales Manager and most recent post
as Managing Director of Scancom make him an ideal choice to provide
the day to day management necessary. I have known Steven for many years
and am confident is his leadership abilities." |
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Page last updated on 7 September, 2004 This document maintained by web@vinemicros.com. Material Copyright © 2000 Vine Micros Ltd All products designed and manufactured by Vine Micros Ltd in the UK Due to our policy of constant improvement, we reserve the right to alter specifications without notice. E&OE. All Copyrights & Trademarks are acknowledged. 
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