QuesTec
Concludes Move from
Canada
Deer
Park, NY, Friday, November 30, 2001 –
QuesTec, Inc. (OTC BB: QSTI), a
digital media content provider of real-time
measurement, virtual replays and interactive
content for entertainment and mainstream
professional sports, announced that the
British Columbia Securities Commission has
accepted managements
application for removal as a reporting
company. This
concludes QuesTec’s move from
Canada
as a former Canadian company to the
United
States
.
The
Executive Director of the British Columbia
Securities Commission (BCSC) orders, under
section 88 of the Securities Act, R.S.B.C.,
that QuesTec is deemed to cease to be a
reporting issuer to the BCSC.
QuesTec is and shall remain subject to
the reporting requirements of the Securities
Act of 1934 of the
United
States
.
The Company’s common shares are
traded on the NASD OTC Bulletin Board and are
not listed or quoted on any other exchange or
market in
Canada
or elsewhere.
About
QuesTec.com
QuesTec’s
products use a series of cameras, computers
and proprietary software technology to track
moving objects (such as balls or players) and
instantly construct 3D animations. These
animations can be replayed in real-time,
viewed from any angle, instantly sent around
the world via our eReplays™ technology,
compared and analyzed. QuesTec’s unique
digital video content has been broadcast and
used for analysis during coverage of such
high-profile sporting events as the World
Series, Major League Baseball All-Star games,
the French Open, the ATP World Championships
and World Cup Golf. The Company’s PitchTrax™
product is currently licensed exclusively to
the FOX Channels Group as "in-game
enhancement" during live television
broadcasts of Major League Baseball games.
PitchTrax™ appears as a sponsored feature
during FOX Sports Net productions.
Major League Baseball contracts the
Company’s Umpire Information System as part
of their recently announced strike zone
initiative.
QuesTec
is a content-oriented company that provides
real-time measurement, replay and analysis
products for sports, entertainment and digital
media. The Company develops real-time virtual
replays and eSports™ technology for
mainstream professional sports. QuesTec's
technology offers unique content to the
convergence of today's emerging digital media.
Press
releases and other QuesTec information are
available on the QuesTec web site www.questec.com.
For more information about QuesTec,
Inc. contact Ron Klimkowski at (631) 243-1880
or email ikit@questec.com.
“
Safe
Harbor
''
Statement under the Private Securities
Litigation Reform Act of 1995. The statements
contained in this release which are not
historical facts, including our outlook on the
future performance of our core businesses and
our growth strategies, are forward-looking
statements that are subject to risks and
uncertainties that could cause actual results
to differ materially from those set forth in
or implied by forward-looking statements.
These risks and uncertainties include the
Company's entry into new commercial markets;
dependence on existing markets and other risks
described in the Company's Securities and Exchange
Commission filings.
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