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Wi-Fi TV, Inc. Announces Formation of Wi-Fi Television Network With Free Demo, and Plans to License Web Sites Developed Since 1995
Wi-Fi TV, Inc.(Pink Sheets:WFTV) announced today that has commenced the launch of an online television network aimed at the exploding "wi-fi" delivery marketplace, and to users of wi-fi enabled devices ranging from cell phones to laptop computers to TVs. The June 21, 2004 edition of Forbes magazine reports that there are expected to be 30 million worldwide wi-fi users during 2004. Wi-Fi TV, Inc. is demonstrating its online TV delivery capabilities through continuous live-streaming programming at www.wi-fitv.com. At the same time, Wi-Fi TV, Inc. also announced its plans to license certain websites that the company has been developing since 1995.
Wi-Fi TV, Inc. has been publicly traded since 1997. It has been a pioneer in the online delivery of movies and books, becoming the first provider to deliver a full-length movie with no download time when, in December 1995, The Perfect Gift was shown on a website called CyberPop and owned by Wi-Fi TV (then known as Kanakaris Communications). Wi-Fi TV is developing a new portal for Internet TV programming which will include an embedded TV type player in its home page.
Wi-Fi TV is also the owner of several other websites (including URLs, content and technology applications) for which it is seeking domestic and international licensing relationships. These sites include the following, many which have been developed and refined over a period of several years in anticipation of the implementation of wi-fi technology (wireless and high bandwidth Internet delivery systems, allowing for the delivery of movies and video) as a mainstream consumer product:
- CinemaPop (a Beta subscription and pay-per-view movie
delivery system, and movie themed entertainment website and portal),
- WordPop (a Beta site which has innovated in both online eBooks and print-on-demand books),
- the VideoMeetingPlace (an online video dating and personal meeting site),
- the Financial Super Channel (a financial information site), and
- CineManiaNetwork (a Spanish language entertainment site) are among those that have been developed as proprietary products.
The Wi-Fi TV, Inc. plans to own and operate its online TV type website/portal (www.wi-fitv.com) and license to other companies (which it may have an ownership interest in) the other websites it has developed.
Wi-Fi TV, Inc. has a history of innovation in online content delivery and plans to quantify the value of this unique experience now that high-speed Internet delivery is becoming available to millions of consumers around the world.
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