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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