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NEXTED GROUP LIMITED — Capital/Financing Update 2009
Dec 2, 2009
65463_rns_2009-12-02_d70e01a8-d3d6-4c57-bd17-020a25a1f3a5.pdf
Capital/Financing Update
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ASX/Media Announcement (ASX: DGI)
3 December 2009
Digislide Creates Canadian Technology Alliance
Digislide Holdings Limited (“Digislide”, “DGI” or the “Company”) is pleased to announce that a Heads of Agreement has been signed with Sonora Technologies Inc (Sonora), located in British Columbia, Canada.
Sonora Technologies is a software developer that specializes in leading-edge artificial intelligence and state-of-the-art graphics interface design.
Currently, Sonora is designing the software platform and developing and programming an avatar for the BC Stories Kiosk, hosted within the BC Showcase at Robson Square, an initiative of the BC Olympic & Paralympic Winter Games Secretariat.
Sonora’s onscreen virtual host will interact with guests and help them to select from the variety of video vignettes about the people, businesses, and communities that make up British Columbia.
In a Press Release in September, the British Columbia Minister of State for the Olympics and ActNow BC Mary McNeil described the BC Showcase as “an integral part of the provincial government’s hosting strategy” and added, “It will be a focal point for our communities, industries and businesses to meet, greet and develop relationships with many high profile executives who are coming to B.C. during the Games during the 2010 Olympic and Paralympic Winter Games”
Sonora has invited Digislide to participate in evaluating its developing technologies over the remaining life of the BC Showcase project and to be involved in other future projects as a joint development partner.
Mr Mark Syme, President of Sonora said “There are considerable synergies between Sonora’s and Digislide’s technologies. We’ve identified a number of potential opportunities which could be mutually beneficial.”
Details of the Heads of Agreement
Sonora is keen to investigate and evaluate the range of commercial relationships that could be exploited.
These are set down in the Heads of Agreement and include:-
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Digislide evaluating Sonora’s design, development and progress of the required Kiosk Technologies for the BC Showcase Facility.
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Digislide receiving acknowledgement within Sonora’s marketing/promotional section within the BC Stories Kiosk Facility at the 2010 Commerce Centre, and Sonora to promote the new business partnership/alliance - during onsite sales presentations
Digislide Holdings Limited ABN 75 105 012 066
PO Box 20 100-102 Cavan Road Phone 61 8 8262 3115 North Adelaide SA 5006 Dry Creek SA 5094 Fax 61 8 8262 8490 AUSTRALIA AUSTRALIA www.digislide.com.au
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Design and development of AVATARs for use within mobile phones, internet based connectivity systems and mobile phone connectivity systems
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Possible licensing of Sonora’s Intellectual Property after evaluation for use within ‘connectory services’ which are both mobile and internet based
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Possible investment in or acquisition of Sonora by Digislide
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Possible acquisition of Sonora and/or licensing of their respective technologies leading to a future possible spin off to an ASX listed company in Australia
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Possible acquisition of Sonora and/or licensing of their respective technologies leading to a future possible spin off to a TSX listed company in Canada
About Sonora Technologies Inc
Sonora Technologies develops leading-edge Artificial Intelligence software solutions, taking their clients internet presence to innovative new levels, using custom designed applications that provide online customers the ability to communicate and interact directly with a “Virtual Person” - 24/7/365.
The technology enables their clients to create personal interactions with their online social network, and to offer concise information into specific questions and queries. Instantly, all personal interaction and communication is retained within the client’s database for future reference.
Sonora’s multilingual software is easily integrated into any application and is readily accessed via conventional internet connectivity or mobile devices.
Sonora has developed a ”Virtual Host” for the BC Stories kiosk in the BC Showcase at Robson Square, an initiative of the BC Olympic & Paralympic Winter Games Secretariat.
Sonora Technologies Inc (Sonora) is located at 9992 Daniel Street Chemainus British Columbia Canada V0R1K1
About Digislide
Digislide is an Australian based company that has developed, and continues to develop globally relevant innovative miniaturised projection technologies with broad applications.
The tactical focus is on targeting products/applications that can be embedded into a range of mobile and/or hand held communication devices, such as mobile phones, PDA’s and notebook computers. The technologies have wide patent protection and have already received international acclaim; winning several awards in important international technology arenas.
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Further information contact:
Hean Siew Company Secretary
m: 0432 654 331
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