DALLAS, May 28 /PRNewswire/ -- Camelot Corporation (OTC Bulletin Board: CAML) has sold VideoTalk(TM) a videoconferencing system to Wincroft, Inc. (OTC Bulletin Board: WINN) for $7,002,056 payable by a note and common and preferred shares. Camelot now owns approximately 19% of Wincroft. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth, including but not limited to, the uncertainties in developing new technology, the impact of global regulation and competition; the changing nature of regulations and the manner in which they are interpreted; dependence on distributors and pricing pressures in addition to normal economic and world factors beyond the control of Wincroft. VideoTalk is a trademark of Wincroft. All other product names are trademarks of their respective companies. SOURCE Camelot Corporation -0- 05/28/98 /CONTACT: Investor Relations of Camelot Corporation, 972-733-3005 or E-mail: firstname.lastname@example.org/ (CAML WINN) CO: Camelot Corporation; Wincroft, Inc. ST: Texas IN: CPR TLS SU: -0- (PRN) May/28/98 09:34 EOS (PRN) May/28/98 09:34 86 â -0- (PRN) May/28/ 98 9:49
CAMELOT SELLS VIDEOTALK(TM)
Press spacebar to pause and continue. Press esc to stop.