Printer Friendly
The Free Library
19,607,053 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ESPRE Solutions, Inc. and MyE Networks sign a Joint Venture Agreement to distribute Scholastic Sports Video Content.


PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S.  -- ESPRE Solutions, Inc., (Pink Sheets:EPRT EPRT Emergency Preparedness and Response Training
EPRT Engine Pressure Ratio Transmitter
) a Dallas-based media solutions and technology company with a revolutionary and patented video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression.

video compression - Compression of sequences of images.
 technology, today announced that it has signed a joint venture agreement with MyE Networks, a technology and mobile marketing company based in Denver, Colorado.

Under the agreement, ESPRE Solutions, Inc. and MyE Networks, Inc. have formed a Joint Venture under the name Global Video Networks (GVN GVN Global Volunteer Network (New Zealand)
GVN Government of Vietnam
GVN Graduate Vocational Nurse
GVN Games Voice Network
). The partnership combines the strengths of both companies and the key goal of GVN will be to become the preeminent distributor of scholastic sports content over the Internet. GVN will be capable of delivering scholastic video content to computers, set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support.  and mobile devices. The service will allow high schools and other educational institutions to upload videos of full-length athletic events such as basketball, football or baseball games and stream the content over the Internet. Viewers of the service are anticipated to be students, parents, grandparents grandparents nplabuelos mpl

grandparents grand nplgrands-parents mpl

grandparents grand npl
, coaches and college scouts. It is also anticipated that local media companies will want access to this valuable content. The revenue model is primarily based on online advertising and sponsorships, however additional sources of revenue are anticipated in the form of subscriptions and sale of value added Value Added

The enhancement a company gives its product or service before offering the product to customers.

Notes:
This can either increase the products price or value.
 offerings. The longer-range plan for GVN is to expand into other types of specialized, vertical content where there is regional demand.

MyE Networks has successfully developed products for the education, media, business-to-business, business-to-consumer and professional sports The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 markets. Specifically, MyE Networks provides online community tools to schools and local media groups and, since 2004, has captured in excess of two million users. In February of this year, ESPRE entered into a license agreement with MyE Networks to provide ESPRE's JAVA-based video media toolkit allowing MyE Networks to video-enable their product solutions for their online communities. This license agreement will remain in effect and its purpose is separate from that serviced by this newly formed Joint Venture. And, it is important to note that MyE Networks expects the first initial product rollout under the February license agreement to be at the beginning of the school year starting in September 2006.

MyE Networks will be responsible for sales and marketing, as well as funding the venture, which is anticipated to be in the range of $15 Million. ESPRE will be the lead technology provider and be responsible for developing first-to-market, customized video solutions with functionality specifically designed with high school film students in mind.

"Imagine being able to watch your former high school football team compete against a regional rival from the convenience of your computer screen. This partnership delivers on that vision by utilizing ESPRE's award-winning PC and mobile video solutions and marketing the customized solutions through MyE Network's scholastic customer base. Major providers such as Google, YouTube and MySpace have demonstrated the overwhelming demand for unique video content over the Internet. "GVN will differentiate by delivering more relevant and higher quality video content to the high school sports enthusiast", states Greg Jablonski, 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.  of MyE Networks.

Pete Ianace, ESPRE Solutions' CEO, adds, "This partnership could never have formed were it not for the dynamic synergy and shared vision of both companies. ESPRE has made a name for itself by delivering award winning, breakthrough solutions using its proprietary video compression technology. This partnership brings together a great video delivery system and unique content that is not readily available anywhere else. Never before has it been possible for a distant relative or even collegiate scout to remotely watch their favorite high school athlete compete. GVN promises to deliver on this vision."

About ESPRE Solutions, Inc.:

Plano, Texas-based ESPRE Solutions is a public company (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 Pink Sheets: EPRT) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater.  over the Internet--even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
, Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions' eView product suite provides an integrated solution for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering eView technology, visit www.espresolutions.com.

About MyE Networks:

MyE Networks is a technology company based in Denver, Colorado. MyE Networks has developed products for the educational, media, business-to-business, business-to-customer and professional sports markets. Products include communication engines that allow an entity to instantly and simultaneously communicate with large groups of people via all vital communication platforms and an online business listing service. For more information, please visit MyE Networks website at www.myenetworks.com.

SAFE HARBOR Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 

Forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 14, 2006
Words:801
Previous Article:Non-Invasive Monitoring Systems, Inc. (NIMS) Receives FDA Certificates of Exportability That Allow For International Export of the AT-101 Motion...
Next Article:CTR Investments & Consulting Inc., Announces VisiTant HR.



Related Articles
ESPRE Solutions, Inc. and MyE Networks Sign License Agreement to Distribute ESPRE's JAVA-based Video Solutions.
ESPRE Solutions, Inc. releases March Corporate Update reporting a record revenue month and positive customer response to its Java-based Media Engine...
ESPRE Solutions, Inc. Releases April Corporate Update Reporting Another Solid Revenue Month for 2006 and New Customer Rollouts Initiatives.
ESPRE Solutions, Inc. Releases May Corporate Update Reporting Continued Revenue Growth and Progress with Customer Initiatives.
MyE Networks, Utilizing ESPRE Solutions eViewMedia(TM) Engine API, Has Launched New Video Email Solution, myeviewmail.com.
MyE Networks Launches Community Guide Video Listing Service Utilizing ESPRE Solutions eViewMedia(TM) Engine SDK.
ESPRE Solutions, Inc. Elucidates the Business Relationship With MyE Networks Inc.
For rent offers streaming video.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles