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Google Purchase of YouTube for $1.65 Billion Shows Potential Power of Wi-Fi TV Live Internet TV and MyWi-FiParty
23 October 2006 Now that Internet search leader Google is snapping up YouTube (a still unprofitable start-up) for $1.65 billion, "brushing aside copyright concerns to seize a starring role in the online video revolution" according to an Associated Press report, Wi-Fi TV Inc. (PINKSHEETS: WTVN), the pioneer in live Internet TV and personal phone, chat and audio/video party delivery, believes it has a chance to greatly expand the size of its audience.
Wi-Fi TV Inc. was launched in the mid-1990s and has been publicly traded since November 1997. It has been first on the Internet with several content delivery achievements, including the first full-length movie online in December 2005.
Wi-Fi TV Inc. now owns the only web site in the world (www.Wi-FiTV.com) that not only provides its members with live Internet TV channels, but also free VoIP phone calls, live chat where members can chat with others directly under the video screen regarding shows they are watching at the same time, breaking news stories by country and topic, and an exclusive consumer technology to have private online audio/video parties with up to 25 participants.
"For years, many people felt incorrectly that the Internet would not be a leader in the delivery of video. Now that we all know that is wrong, and that young people love to watch videos over the Internet on computers and portable devices, the biggest barrier for the growth of Wi-Fi TV has been eliminated. There are no guarantees regarding anything, but Wi-Fi TV, which has been in business for ten years and has always believed in the power of video, personal communication and the Internet, will do everything possible to bring our great product to the largest possible global audience. Wi-Fi TV Inc. has a unique Internet lifestyle web site, and it is only going to get bigger and better," said Alex Kanakaris, Chairman of Wi-Fi TV Inc. and author of "Signs of Intelligent Life on the Internet" (www.Amazon.com).
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.
Wi-Fi TV can be seen over the Internet in the United States, Latin America and globally. 400 channels of live TV programming, Country and Category specific breaking news and free voice over IP phone calls are available at www.Wi-FiTV.com.
Wi-Fi TV Sales Opportunity
Wi-Fi TV is recruiting sales reps for Wi-Fi TV Channel and Subscription sales. Additional information on the Wi-Fi TV Sales opportunity is available at (949) 813-8282, or at the email address moreinfo@wi-fitv.com.
Press Relations
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info@wi-fitv.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation. Wi-Fi TV Inc. and MyWi-FiParty.com have no affiliation with MySpace or YouTube.
Contact: Colby Marceau (949) 716-9397 Email Contact
SOURCE: Wi-Fi TV Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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