SpotOn(SM) is marketed by Digital ADCO, a joint venture between ACTV
Letters of transmittal for use in exchanging shares of ACTV
common stock for OpenTV Class A ordinary shares are expected to be mailed to ACTV
's stockholders shortly.
Under the partnership agreement, ACTV
will be responsible for the marketing and distribution of InnoMedia's InfoTalk(R) LAN product to its cable TV partners' subscriber network -- both home users and businesses.
OpenTV recently acquired ACTV
, which had previously entered into a relationship with NASCAR and iN DEMAND to produce the above referenced event.
previously received notice of a NASDAQ Staff Determination on May 9, 2003, indicating that ACTV
's common stock would be delisted from The NASDAQ National Market on May 20, 2003, absent an appeal by ACTV
Separately, the company announced that today it filed with the Securities and Exchange Commission, and mailed to holders of ACTV
common stock as of May 8, 2003, definitive proxy materials relating to a special meeting of ACTV
shareholders at which the shareholders will vote on the previously announced acquisition of the company by OpenTV Corp.
The merger is subject to approval of both OpenTV and ACTV
shareholders and regulatory approval.
Today's announcement moves us closer to realizing the true vision of targeted advertising and ACTV
remains committed to advancing this important technology.
Based in New York City, ACTV
has strategic relationships with key players in the Internet, television and digital technology fields, including Liberty Digital, Motorola Broadband Communications Sector, OpenTV and Liberty Livewire Corporation.
We are delighted to be working with ACTV
to develop online professional development content and functionality that will be beneficial in our efforts to better train our teachers.
SpotMagic and ACTV
are great partners whose technology for PC and set-top box play-along, respectively, is very impressive.
Under the agreement, ACTV
HyperTV Networks will consult with members of the Georgia Professional Standards Commission to render their existing pedagogy into an online integrated multiple media presentation using the convergent, interactive and collaborative functionality of eSchool(R) Online version 4.