Mitsubishi Claims It Knows Nothing About Laser TV

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Leading global CE manufacturer Mitsubishi claims that it was not invited to the Arasor launch of the so called Laser TV despite a Mitsubishi screen being used to demonstrate the Laser TV technology.

They also claim that they have no knowledge of the Laser TV product which the directors of unknown Company Arasor International and its US partner Novalux claim is being developed in partnership with Mitsubishi and other manufacturers.

Ironically Arasor is trying to raise $35 million from investors in Australia despite the Company having no development office in Australia. 

 Paul Caldarera, the National Sales and marketing at Mitsubishi said “The first we heard of the laser TV concept was when we read about it online in the Australian national media. One would have expected that the Managing Director of Mitsubishi would have been invited especially as the directors of Novalux and Arasor were in Australia announcing a TV breakthrough that involved Mitsubishi”

“We don’t know where they got the Mitsubishi screen from and no one in Mitsubishi seems to know anything about Laser TV which is extremely unusual as we are often told by parent Mitsubishi Companies of activities in Australia involving Mitsubishi”.

Journalists attending the launch of the so called Laser TV were not allowed access to the inner workings of the demonstration Laser TV according to journalists who attended the event. 

Arasor International Ltd is the holding company of Arasor International Group Holding Limited Company (a Cayman Island Company), of which Arasor Corporation (a corporation organised and existing under the laws of Delaware, USA) is a wholly owned subsidiary.

Attempts to track down directors of the Company to comment have resulted in one director Larry Marshall promising to call back but despite this he failed to return our calls.

Another director did not answer both mobile and land line calls.  This is unusual as directors of Companies who are trying to raise capital are normally keen to talk to the media about their Company and any technology break though they may have.

Also ducking for cover are the public relations Company Professional Public Relations who orchestrated the Laser TV press conference. Despite repeated requests to them to gain access to the directors of Arasor they have failed to deliver on interviews that were offered when the Laser TV concept was first launched.

Peter Connors of Patersons Securities Limited a Sydney based stockbroker who is the officially listed broker for Arasor said. “The main revenue streams which will be around $150M will come from Wireless and Optical technology not Laser TV. We have been told that Arasor will bring on board revenue streams from Laser TV by late 2007”. 

What SHN has been able to establish is that a patent was acquired by Arasor Acquisition Corporation by virtue of the merger of Lightbit Corporation, Inc. into Arasor Acquisition Corporation on 8 March 2004.
The Arasor web site reveals that the directors of the Company are Simon Cao Chairman & Chief Executive Officer, Charles Mao Executive Director, Larry Marshall Executive Director, George SyCip Non-Executive Director and Parviz Tayebati Non-Executive Director.
Also listed are Anthony Surtees Non-Executive Director, Ian Neal Non-Executive Director, Laurie Kan Non-Executive Director and Zhu Xin Kun Non-Executive Director.

Calls to Arasor’s listed head office in Australia revealed that very few people seemed to know anything about the Company. The receptionist did not know any one of the listed directors for Arasor including the Company CEO Simon Cao. She said “Are you sure you have the right office. I have never heard of these people” When SHN finally tracked down the listed Company Secretary Donald Stephens an Adelaide Accountant he said “The directors of Arasor are hard to get. They are very transient. I have quite a lot of difficulty contacting them. When I do it is by email”.

What SHN has been able to establish is that a patent was acquired by Arasor Acquisition Corporation by virtue of the merger of Lightbit Corporation, Inc. into Arasor Acquisition Corporation on 8 March 2004. This patent relates to an optical signal converter with filtered output.
  
Arasor in trying to raise capital has been knocked back by several Venture Capital Companies but despite this they are attempting to raise money from Australian investors by holding the all singing all dancing PR event where they have claimed that Laser TV is set to be the next big thing after LCD, Plasma and the up coming SED TV which has two of the biggest technology Companies in the world behind it Canon and Toshiba.

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