Journal of Radiology Inc. Signs License Agreement With Interactive Spaces For Its Technology

Product Expected To Ship Over The Next Few Weeks

Jul 20, 2012, 07:00 ET from Journal of Radiology Inc.

SANTA MONICA, Calif., July 20, 2012 /PRNewswire/ -- Journal of Radiology Inc. (OTBB: JRRD) announced today that it has completed the requirements of the letter of intent and signed a definitive license agreement with Interactive Spaces. 

The license Agreement provides Journal of Radiology with a license to Interactive Spaces products, technology and brand name. The license allows Journal of Radiology to market interactive floors, walls and multi-touch surfaces to customers around the world.

The products will feature interactive capabilities; the ability to connect and engage directly with consumers in public spaces; Multi-touch; applications for multi-user interactions on a single display and audience measurement for real time measurements of people interacting with an advertisement in public spaces.

Aaron Shrira, President of Journal of Radiology said, "The licensed product allows us to utilize the computer vision and gesture recognition core technologies developed by Interactive Spaces.  This technology will give us the competitive edge to be the first to market, when developing applications for multi-touch surfaces."  Shrira continues, "We expect to start developing and shipping products over the next few weeks."

About Journal of Radiology Inc.

Journal of Radiology Inc., a development stage interactive media display company specializing in touchless, gesture - hand and body motion enabled software solutions that combine body motion with interactive surfaces, including walls, tables, windows and floors.

About Interactive Spaces

Interactive Spaces is a Canadian based company specializing in touchless, gesture recognition - hand and body motion enabled, multi-touch software solutions that provide an innovative new way of interfacing with consumers. This technology is rapidly becoming one of the most effective ways of engaging people in a public space – providing both entertainment and relevant information.

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Forward Looking Information Disclaimer and Caution: Statements, expectations and assumptions contained in the foregoing press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize

SOURCE Journal of Radiology Inc.