PRLog - Aug. 17, 2008 - KANSAS CITY, Mo. -- The executive board of Arcadian Virtual Reality, LTD. approved a measure on August 14, 2008, to liquidate all currently held assets, including the highly regarded intellectual property rights of Virtuality Entertainment, LTD.
According to Jared Hargrave, President of Arcadian Virtual Reality, the market is starved for product. By liquidating the current assets, Arcadian will be better poised to provide updates to current equipment, without compromising the product availability.
"We are committed to providing a steady supply of product to our customers," Mr. Hargrave stated in an interview on Friday. "The new owner will have our full support and commitment to Virtuality® products."
The sale includes the full range of intellectual property rights, patent information, software source code, and all inventory. According to Mr. Hargrave, the price has been set at $200,000.00.
Virtuality arcade machines are present in every country in the world, with machines in major metropolitan areas, such as Shanghia, Bogota, Sidney, London, Los Angeles, and New York. They have been featured in Disney World and many Hollywood movies. Virtuality titles, such as Dactyl Nightmare and PacMan VR have become cult classics in recent years. The SU2000 retails for $5000.00.
Information can be found at Arcadian's website, http://www.arcadianvr.com or by contacting Arcadian Virtual Reality at firstname.lastname@example.org or Toll Free +1.877.583.7065
# # #
Provides Virtual Reality entertainment devices to arcades and home users. Holdings include Cybermind SU3000 and Virtuality(R)