The agreement with Wooju includes the development of next generation security products utilizing their advanced digital technologies.
Toronto, Ontario, March 25, 2004 - Strategic Vista International Inc. ("SVII") [TSX: SVI] subsidiary Digimerge Technologies Inc. ("Digimerge"), a technology leader in the video security, surveillance and communications arena, today announced that it has signed an exclusive 5 year strategic agreement with leading -edge technology manufacturer Wooju Communications Co. Ltd. ("Wooju").
The agreement with Wooju includes the development of next generation security products utilizing their advanced digital technologies, as well as product distribution in the United States and Canada under the DIGIMERGE brand name.
This strategic partnership allows the SVII group of companies to introduce leading edge security solutions to targeted vertical markets. Wooju's leading -edge hardware and software products will offer Digimerge a technical edge in the marketplace, and allow the Company to target security VARs and I.T. system integrators with an exciting line of new solutions. Marketing will begin immediately, and product sales will begin to add to the top line by Q3 2004.
The new line -up of DIGIMERGE products will be publicly launched during the ISC West 2004 trade show from March 30th to April 2nd in Las Vegas, NV.
"This agreement is a good example of the international commitment we are making to bring advanced technology to the security market," said SVII CEO & Chairman Bernie Klein. "Wooju's ability to enhance our line -up of advanced technology with higher margin products will increase our profitability, and assist us in achieving our Vision 2006 growth objectives. We look forward to a prosperous partnership with Wooju Communications."
About Strategic Vista International Inc.
Strategic Vista International Inc. ("SVII") [TSX: SVI] is a leading video security solutions developer, manufacturer and marketer whose consistent record of profitable growth ranks it among Deloitte's North American "Technology Fast 500". SVII's analog and digital wired and wireless product lines are distributed via security distributors like ADI in the commercial market (DIGIMERGE brand), and by mass -market retail partners including Costco, BJ's Warehouse Club, Kmart, Lowe's Home Improvement Warehouse, Radio Shack, and Sam's Club (SYLVANIA, LOREX, HOME SENTINEL brands) and Home Depot (ADT brand).
SVII subsidiaries include Strategic Vista Technologies and Digimerge Technologies, as well as the international sales & distribution arms Strategic Vista USA and Strategic Vista Corporation Limited in Hong Kong.
About Wooju Communications Co. Ltd.
The vision of Wooju Communications is to lead the global security equipment market as a specialized digital security equipment manufacturer developing, designing, manufacturing and assembling PCI cards, XDVR, UDVR, web video servers, multiview software, and wireless cameras for personal, residential and commercial uses. Based in Incheon, Republic of Korea and established in 1992 as a manufacturer of video and audio security equipment, Wooju Communications has diversified its business to the digital sector and devoted itself to opening new foreign markets. Presently, its exports account for 90% of total sales.