Access Devices, Inc. Announces UK Subsidiary's Q1 2005 Results.LONDON & LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Access Devices, Inc. (Pink Sheets:ACDJ - News - www.accessdevices.co.uk.) Access Devices, Inc.'s London-based subsidiary, Access Devices Digital Limited - developer of DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. (Digital Video Broadcast) and IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. Television) set-top boxes - announces its unaudited financial results for the quarter ended March 31st 2005, prepared in accordance with United Kingdom Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . Q1 forecasts met Revenues for the quarter were in line with the company's forecasts at GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.6 million (US$3.0 million at current exchange rates). Gross margins were also as forecast. Access Devices, Inc. holds 70% of the share capital of Access Devices Digital Ltd. Anthony S. Walton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented "These results show that we are consistently gaining momentum from 2004. It is very satisfying that in Q1 2005 alone we have all-but matched our entire revenues for 2004. Our growth progresses as projected and we are confident of meeting our targets for the full year 2005." Consolidating position Access Devices Digital Limited's recruitment programme has proved highly successful in attracting high-calibre engineering staff to meet the growing requirements of both new and existing customers and to meet its product development targets. The company is pleased to report that expressions of interest in its planned DVB and IPTV product introductions remain unabated and that its existing core product range continues to attract new sales opportunities both in the UK and throughout Europe. Forward-Looking Statements Any statements in this release that are not statements of fact may be considered "forward-looking statements" as that term is defined under the securities law in the United States. Forward-looking statements are only predictions and may differ materially from actual events or results. About Access Devices Digital Limited Access Devices Digital designs; controls manufacture, and sells Digital TV (DVB) access equipment and Internet Protocol TV (IPTV) equipment, generically referred to as set-top boxes (STBs). The company has a range of designs, including: Digital Video Broadcast --Digital Terrestrial TV decoder (DVB-T See DVB. ) products for the UK Freeview service and variants for European TV services. --Digital Terrestrial TV decoder (DVB-T) products with conditional access (CA) for access to premium TV content, such as that broadcast by TopUpTV in the UK and various developing premium services in Europe. --DVB-T Personal Video Recorders - with and without conditional access - for UK and European markets that are expected to follow the US example and show rapid and substantial growth. Internet Protocol TV --IPTV (Internet protocol TV) products providing video-on-demand over DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary . --Combination DVB-T decoder with an IP delivery/return path. --Access Devices Digital's IPTV products enable 'on-demand,' 'time shifted' services and true real-time interactivity. The company's products can seamlessly combine the TV broadcast and IP delivered content to enable broadcasters to develop new services across entertainment and commerce. |
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