GreyStone Provides Preview of New Virtual-Info-Space

GreyStone Digital Technology Inc provided a preview of its Virtual-InfoSpace (VIS) prototype during the company's first annual shareholders' meeting held on Friday, September 15th at company headquarters in San Diego. VIS is a human-centered personalized virtual world that takes advantage of the availability of Internet communications and applies the company's experience building virtual worlds for both the defense and entertainment markets. The company intends to develop VIS to personalize e-business transactions and to provide retail, banking, travel, and entertainment distributors with immersive and information-rich, Web-based environments for promoting and selling their products. The company plans to display and demonstrate its VIS prototype technology and vision to business and technology publications and research houses in its upcoming national media/analyst tour scheduled for later this fall.

According to GreyStone Chief Scientist John G. Weber, Ph.D., "VIS combines enabling technologies in artificial intelligence, modeling and simulation, and Web-based communications to create a personal digital world on the Internet -- a space tailored to provide information when needed in a friendly and entertaining way." He added that GreyStone's talented team of immersioneers are exploiting GreyStone's GreySim core Digital Immersion technology engine for a Web-based space so immersive and vivid that one may have trouble distinguishing the real from a GreyStone-created world.

"GreyStone's goal," said CEO Richard A. Smith, "is to become a leader in e-business applications by applying Digital Immersion technology to solve customers' problems and to improve customers' lives, businesses, products and services. As bandwidth increases, consumers will be able to visit stores and make purchases in real-time within a personalized and collaborative 3- dimensional shopping experience." He added that each shopper will have a Virtual Navigator, or intelligent shopping agent, to find the best products at the best price.

"Our military customers remark that our virtual worlds are more useful than reality," said Smith. "We plan to carry that utility into the e-commerce space and to add a customized functionality for each user."

Based in San Diego, Calif., GreyStone Digital Technology's goal is to position itself as a leading provider of applications of advanced digital technology that customers use to help people solve problems, communicate, and improve their businesses, products, and services. The company is experienced in providing powerful real-time, interactive and networked 3-D digital software and systems for defense customers and they have applied this experience in the development of products for entertainment markets. GreyStone's products and services address a demand from military, entertainment, law enforcement, and other markets such as education, wireless communications, the Internet, e-commerce, and e-services for improved ways to access and use digital information. More information is available on the company's Website at www.gstone.com.

Contact Jamie Driscoll of CDF Communications, 888-414-0818, jamie@cdfcom.com for GreyStone Digital Technology Inc or Richard A. Smith of GreyStone Digital Technology Inc, 858-874-7000, info@gstone.com.