ESPRE Solutions, Inc. releases March Corporate Update reporting a record revenue month and positive customer response to its Java-based Media Engine and eViewChat APIs.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 video 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 released its March Corporate Update stating progress on its Java-based API and eViewChat API initiatives. In the February Corporate Update, ESPRE noted a new initiative to provide tools to allow easy integration of ESPRE's technology into third-party applications. This month, ESPRE is formally releasing APIs for its new Java-based Media Engine and revolutionary multiparty video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. application, eViewChat. Earlier, in January of this year, ESPRE announced a License Agreement with LINQware, a leading collaboration software See collaborative software. company, through which LINQware is utilizing ESPRE's eViewChat API to integrate ESPRE's video conferencing into LINQware's Collaborix Suite of audio/data collaboration applications. The full release of the integrated application is expected by the end of March at which time LINQware will begin offering the complete collaboration solution (audio/video/data) to their customer base. Additionally, the agreement allows ESPRE to private-label the finished solution for sales through ESPRE's reseller channel. ESPRE expects to announce several additional eViewChat API integration partnerships similar to the agreement with LINQware over the next several weeks. "We are aggressively marketing our API solutions to the key market makers within the collaboration software industry. Our list of integration opportunities includes the Who's Who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame for collaboration solutions in the Enterprise, consumer and wireless markets. Rather than building markets ourselves, we are tapping into our partner's existing markets by providing ESPRE's best-of-breed video technology to audio and data collaboration See data conferencing. providers allowing them to enhance their solutions with interactive video. It is becoming increasingly apparent to these providers that video is a key differentiator and better quality is essential if they are going to charge their customers for it," states ESPRE's 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. , Pete Ianace. In February, ESPRE announced the signing of a License Agreement with MyE Networks, a technology and mobile marketing company, whereby MyE Networks will be utilizing ESPRE's new Media Engine API to create unique video messaging and video streaming See streaming video and video stream. solutions for their subscribers and media partners. This partnership will allow MyE Networks to video-enable their product solutions for their online communities and continue to increase the time its users spend online searching local content such as movies, yellow pages, restaurant guides, high school events, etc. ESPRE and MyE Networks will split revenue from advertising centered around the hosted video content and services provided by ESPRE Solutions. Since announcing this partnership, ESPRE has signed an LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items for a significant licensing agreement focused on targeting the consumer and online classifieds markets. The final agreement is scheduled for completion over the next 30 days and an announcement will be released accordingly. In August 2005, ESPRE entered into a reseller agreement with ZCorum, an ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. services company based in Alpharetta, Georgia. ZCorum designs, integrates and implements broadband communications solutions for independent operating companies (IOCs), and also offers wholesale, private-label Internet services to more than 100 IOCs, including independent telcos, cable companies, utilities, and municipalities. The agreement allows ZCorum to resell ESPRE's eViewChat and eViewMail applications through their ISP channel. ZCorum white-labeled these applications from ESPRE, with the integration completed in late January. In February, ZCorum began marketing the solutions to their customers, through which ESPRE will begin receiving revenue share. ESPRE expects to make additional announcements over the next 30 days relating to License Agreements utilizing ESPRE's APIs. The combination of these initiatives has brought ESPRE over $300,000 in revenue in March. ESPRE expects to generate sufficient revenue in the coming quarter (April-June), to ensure its first positive cash flow quarter. This revenue will be generated from existing agreements in place today. "It is rewarding to see this strategy take hold in the market and with our customers. Our investors should start seeing a quick ramp-up of revenue and positive cash flow from existing and new customers signed in the coming quarters. We will provide an update on these initiatives every 30 days or so. New agreements will be announced as they are completed and approved for release by our new partners," states Pete Ianace. 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 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. 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 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion