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Consolidated Magna Ventures to Change Name to Skinny Technologies

Thursday, November 29, 2001

Press release from the issuing company

11/29/01 (WhatTheyThink.com) Consolidated Magna Ventures Ltd, has filed an application with the CDNX to change the Company's name to Skinny Technologies Inc. A new trading symbol will be assigned upon final regulatory approval. It’s the latest move as the company ramps up to take advantage of their new, much talked about SkinnyScript. Canada based Consolidated Magna Ventures and PODbook.com, Magna’s wholly owned subsidiary announced on September 25 the launch of their proprietary technology, SkinnyScript. SkinnyScript is an encoding process that significantly reduces the size of graphic image files used in publishing, “without compromising image quality.” The SkinnyScript name was developed by newly appointed CEO,Daniel Walters. It was originally supposed to be called Skinny Postscript, but Adobe didn't allow this because Postscript is one of their trademarks. Executives say that Adobe is fully aware of the technology and supports it’s use. SkinnyScript is a method of filtering the PostScript stream from applications and en-coding the PostScript before it is distilled by a standard PDF distiller to reduce file size. It reduces prepress quality PDF files small enough to be e-mailed by the pages or easily download a full 8up imposition in minutes. This process would normally take hours and eat up the bandwidth.




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