CompuSonics Video Corporation Signs Letter of Intent With Scanline Technologies

Apr 25, 2001, 01:00 ET from CompuSonics Video Corporation

    FARMINGTON HILLS, Mich., April 25 /PRNewswire/ -- CompuSonics Video
 Corporation (OTC Bulletin Board:   CPVD) Chairman Thomas W. Itin announced that
 the company has signed a Binding Letter of Intent to acquire the assets of the
 Delta Character Generator Product Division of ScanLine Technologies, Inc. and
 merge the product division into CompuSonics Video Corporation, as well as
 retain and utilize the ScanLine Technologies and Quanta names.
     ScanLine Technologies, based in Salt Lake City, Utah, manufactures leading
 edge analog and digital character generator (CG) solutions for the television
 broadcast and video post-production markets.  The company's customer list is
 over 600 strong and includes most major domestic television broadcasters, many
 major international television broadcasters, cable TV system operators, video
 post-production houses, institutions of higher education, the U.S. government,
 and a variety of content and media producers.  The Delta CG Division operates
 worldwide through a direct sales force and a large network of established
 international distributors.  The company's key competitors include Pinnacle
 Systems and Chyron.
     Thomas W. Itin stated, "I am excited about the opportunities that this
 transaction presents for the company.  We not only get an outstanding product
 line in the Delta CG product division, but David Scull, the President and CEO
 of ScanLine Technologies, will also be joining the CompuSonics Video team as
 its President and CEO.  I believe Scull's insight into the technologies that
 support his current product line and those that may be developed in the
 industry in the future will be an invaluable resource as we continue to
 develop the Delta CG line and seek ways to obtain licenses from those in his
 industry and others that are able to benefit from the patented technologies of
 CompuSonics Video.  He and his technical staff will be able to identify and
 work with those companies best able to utilize these patented ideas."
     David Scull stated, "This Binding Letter of Intent between our companies
 represents a combination of organizations with consistent views about the
 direction and opportunities available to suppliers of specialized text and
 graphics generating equipment, and the technologies that support them.  Both
 Itin and I believe that dedicated products, based on state-of-the-art hardware
 designs and the video compression technologies to support them, some of which
 we believe are protected by the CompuSonics Video patents, are required to
 address the exciting new market trends before us.  I am pleased about being a
 part of the CompuSonics Video team as we develop new products and markets on
 the CG side while my staff of experts in the field lend their technological
 expertise in exploring opportunities for licensing the company's patents in
 CompuSonics Video's traditional business."
     Additional information on ScanLine Technologies is available at its
 Internet website - www.scanlinetech.com .
     The statements included in this news release concerning predictions of
 economic performance and management's plans and objectives constitute forward-
 looking statements made pursuant to the safe harbor provisions of Section 21E
 of the Securities Exchange Act of 1934, as amended, and Section 27A of the
 Securities Act of 1934, as amended.  These statements involve significant
 risks and uncertainties that could cause actual results to differ materially
 from the forward-looking statements.  Factors which could cause or contribute
 to such differences include, but are not limited to, factors detailed in the
 Company's Securities and Exchange Commission filings; the ability of the
 Company to complete the transaction with ScanLine Technologies, the ability of
 the Company to determine whether infringements have occurred on its patents,
 the ability of the Company to license its technology to other companies in the
 United States and in foreign countries, the scope and applicability of the
 Company's patents as it relates to technology in the current marketplace,
 economic downturns affecting the operations of the Company or any of its
 business operations, and the unavailability of financing to complete
 management's plans and objectives.  The forward-looking statements contained
 in this press release speak only as of the date hereof and the Company
 disclaims any intent or obligation to update these forward-looking statements.
 
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SOURCE CompuSonics Video Corporation
    FARMINGTON HILLS, Mich., April 25 /PRNewswire/ -- CompuSonics Video
 Corporation (OTC Bulletin Board:   CPVD) Chairman Thomas W. Itin announced that
 the company has signed a Binding Letter of Intent to acquire the assets of the
 Delta Character Generator Product Division of ScanLine Technologies, Inc. and
 merge the product division into CompuSonics Video Corporation, as well as
 retain and utilize the ScanLine Technologies and Quanta names.
     ScanLine Technologies, based in Salt Lake City, Utah, manufactures leading
 edge analog and digital character generator (CG) solutions for the television
 broadcast and video post-production markets.  The company's customer list is
 over 600 strong and includes most major domestic television broadcasters, many
 major international television broadcasters, cable TV system operators, video
 post-production houses, institutions of higher education, the U.S. government,
 and a variety of content and media producers.  The Delta CG Division operates
 worldwide through a direct sales force and a large network of established
 international distributors.  The company's key competitors include Pinnacle
 Systems and Chyron.
     Thomas W. Itin stated, "I am excited about the opportunities that this
 transaction presents for the company.  We not only get an outstanding product
 line in the Delta CG product division, but David Scull, the President and CEO
 of ScanLine Technologies, will also be joining the CompuSonics Video team as
 its President and CEO.  I believe Scull's insight into the technologies that
 support his current product line and those that may be developed in the
 industry in the future will be an invaluable resource as we continue to
 develop the Delta CG line and seek ways to obtain licenses from those in his
 industry and others that are able to benefit from the patented technologies of
 CompuSonics Video.  He and his technical staff will be able to identify and
 work with those companies best able to utilize these patented ideas."
     David Scull stated, "This Binding Letter of Intent between our companies
 represents a combination of organizations with consistent views about the
 direction and opportunities available to suppliers of specialized text and
 graphics generating equipment, and the technologies that support them.  Both
 Itin and I believe that dedicated products, based on state-of-the-art hardware
 designs and the video compression technologies to support them, some of which
 we believe are protected by the CompuSonics Video patents, are required to
 address the exciting new market trends before us.  I am pleased about being a
 part of the CompuSonics Video team as we develop new products and markets on
 the CG side while my staff of experts in the field lend their technological
 expertise in exploring opportunities for licensing the company's patents in
 CompuSonics Video's traditional business."
     Additional information on ScanLine Technologies is available at its
 Internet website - www.scanlinetech.com .
     The statements included in this news release concerning predictions of
 economic performance and management's plans and objectives constitute forward-
 looking statements made pursuant to the safe harbor provisions of Section 21E
 of the Securities Exchange Act of 1934, as amended, and Section 27A of the
 Securities Act of 1934, as amended.  These statements involve significant
 risks and uncertainties that could cause actual results to differ materially
 from the forward-looking statements.  Factors which could cause or contribute
 to such differences include, but are not limited to, factors detailed in the
 Company's Securities and Exchange Commission filings; the ability of the
 Company to complete the transaction with ScanLine Technologies, the ability of
 the Company to determine whether infringements have occurred on its patents,
 the ability of the Company to license its technology to other companies in the
 United States and in foreign countries, the scope and applicability of the
 Company's patents as it relates to technology in the current marketplace,
 economic downturns affecting the operations of the Company or any of its
 business operations, and the unavailability of financing to complete
 management's plans and objectives.  The forward-looking statements contained
 in this press release speak only as of the date hereof and the Company
 disclaims any intent or obligation to update these forward-looking statements.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X73533755
 
 SOURCE  CompuSonics Video Corporation