Recent Acquisitions Put HandHeld Entertainment One Year Ahead of Plan as it Attracted 5.5 Million Unique Visitors to its Network of Web Sites in December.With three acquisitions completed in 35 days, HandHeld Entertainment surpasses traffic goals announced during November 14, 2006 investor conference call; company also announces that it is on track to achieve other goals stated in the call SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- "We said we would attract three to five million visitors to our Web sites by the end of 2007 and we accomplished that goal by the end of 2006," said Jeff Oscodar, president and chief executive officer of HandHeld Entertainment[TM] (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ZVUE)(NASDAQ:ZVUEW). "In December, our network of Web sites was viewed by more than 5.5 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . We established that goal for the company during our November 14 investor call, but with our mid-December acquisition of YourDailyMedia.com we have already hit that milestone a full year ahead of schedule." HandHeld Entertainment announced on December 18 that it had acquired YourDailyMedia.com[TM] for $1.06 million ($200,000 in cash payable in January 2007, $60,000 in cash payable during the next 12 months and a five-year $800,000 note which can be converted into 186,306 shares of HandHeld Entertainment's common stock). "During a five-week period from November through the middle of December, HandHeld Entertainment acquired three leading Web site properties focused on delivering funny and humorous videos and other forms of media," Oscodar said. "In combination, these three sites - YourDailyMedia.com, Dorks.com[TM] and FunMansion.com[TM], along with the Free STUFF! section of ZVUE.com[TM] and ZVUE.com - attracted more than 5.5 million unique visitors in December. We now have a solid foundation in the comedy space, a foundation that makes HandHeld Entertainment's online comedy network one of the largest in the world in terms of unique visitors and page views. "We have more than 11,000 downloadable videos available on our network of Web sites, including more than 6,000 free user-generated videos and nearly 5,000 additional premium videos available on ZVUE.com. That, plus more than 7,000 additional premium video selections under contract, gives us a significant online library of downloadable and streaming videos available for free or for sale. These videos are not limited to PC viewing; they can also be downloaded and viewed on many portable devices, such as our own ZVUE[TM] personal media players, as well as on portable media players supporting (with Windows Media Player Digital jukebox software for Windows from Microsoft that plays a variety of audio, video and streaming formats including MP3, WMA, CD audio and MIDI. Starting with Version 6.2 in 1999, the Windows Media Rights Manager was added for securing copyrighted content. 10) or a portable device running Windows Mobile The Windows platform from Microsoft for handheld devices, including PDAs, cellphones and Portable Media Centers. See Pocket PC, Pocket PC Phone Edition, Smartphone and Portable Media Center. 5.0." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. HandHeld Entertainment, the company has also achieved several other objectives outlined in its November 14 investor call, including * Creation of a HandHeld Entertainment network of Web sites focused on humorous user-generated videos (two of which are already generating advertising revenue, with the third Web site slated to begin doing so shortly); * Delivery of ZVUE MP3 players to selected Wal-Mart and InMotion Entertainment stores throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. preloaded with 30 of the top songs of 2006; * Initial deliveries of ZVUE 250 personal media players to selected Wal-Mart stores throughout the U.S.; and * A headcount reduction to 30 full-time equivalents (FTEs) down from 55 FTEs, excluding personnel assumed through acquisitions. "We're pleased with our progress and we're looking forward to continuing to execute on our plan," Oscodar said. About the ZVUE HandHeld Entertainment's ZVUE line of portable media players is available today in approximately 2,000 Wal-Mart stores throughout the United States. The SRP SRP - A data link layer protocol. $99 (US) ZVUE plays videos and MP3 files and also allows users to view digital pictures from a digital camera or home video from a camcorder. HandHeld Entertainment also recently began shipping the ZVUE MP3 player, an MP3 player pre-loaded with 30 of the top songs of 2006. About HandHeld Entertainment, Inc. HandHeld Entertainment is a digital-media-to-go company with its ZVUE family of mass-market portable media players priced at mass-market prices. In addition, the company owns a network of Web sites containing premium video selections and free downloadable media selections, including ZVUE.com, the Free STUFF! section of ZVUE.com, as well as from YourDailyMedia.com, Dorks.com and FunMansion.com, wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of HandHeld Entertainment. HandHeld Entertainment's common stock and warrants are traded on the NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for (ZVUE, ZVUEW) and Boston Stock Market (HDE HDE Hauptverband des Deutschen Einzelhandels (Central Association of German Retail Trade) HDE Humanitarian Device Exemption HDE Heavy-Duty Engine HDE Holdrege, Nebraska (airport code) , HDEW). For more information, visit www.hheld.com/ir or call 415-495-6470. HandHeld Entertainment, YourDailyMedia.com, Dorks.com, FunMansion.com, ZVUE.com and ZVUE are trademarks of HandHeld Entertainment. All other trademarks are property of their respective owners. "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. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This announcement contains 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. within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth from time to time in HandHeld Entertainment's filings with the United States Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and other reports filed by the company with the SEC. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. As a result, investors should not place undue reliance on these forward-looking statements. |
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