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Frank StantonFrank Stanton
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commercial for a product. We, Broadcast International, broadcast to Seattle or to Boise or any of the communities in the mountain states by satellite. So that if you're Procter and Gamble and you want to get your products plugged, you buy that from us--or you buy it from the grocery store chain--and we then put the programs on from Salt Lake City.

We also were doing television conferencing. I'm trying to remember anything else. Satellite communications. In-store commercials. Teleconferencing. And, before I retired or stepped out of the chairmanship, we became involved in check clearances. We had the satellite technology and the opportunity to use the satellite, so that if you came into a grocery store in some remote part of the country and you wanted to give a check for your groceries or use a credit card and you were not known, then through our system they could check immediately as to whether you were worth the amount of the check.

The check clearance became and is quite a part of the business. So it's check clearance, teleconferencing, in-store broadcasting and--I think I'm leaving something out--but that's what Broadcast International is.


Very interesting. Did it bring a good return on the investment? Did the company do well?


Sure. It's doing well. What we did was to sell out--we went public with the company, and the AEA Investors could put all of their stock up for sale, or we could sell as little or none, if you didn't want to sell. I sold half of mine, as I recall, got my money back and then took the ride with the rest of it--and I think a number of other people did that--but AEA no longer owns Broadcast International. It's now owned publicly.

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