iLive Completes Content Video/DVD Distribution Deal.Business Editors & High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--March 6, 2002 iLive Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LIVE) today announced that it has entered into an agreement with Pro Sound and Stage Lighting ("PSSL PSSL Pro Sound and Stage Lighting PSSL Port Skills and Safety Limited (UK) ") to sell iLive's VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. content through their direct mail catalog and Web site. PSSL is one of the 10 largest pro audio, stage lighting and DJ equipment companies in 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. . [pilcrow (paragraph sign)] This marks iLive's first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my the multi-billion dollar video/DVD retail market since the fourth quarter announcement that additional distribution channels would be added to supplement online revenue. iLive business services division is also working closely with Pro Sound and Stage Lighting to make their existing video library available online. iLive's expertise in encoding and their pay-per-view model drew the attention of the company, whose customers are particularly Web savvy. Commented Scott Henricks, the company's president: "This is a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship in which traditional and online distribution systems can work together to provide greater reach to the consumer. Pro Sound and Stage Lighting, much like iLive, is a leader in their industry and we look forward to a prosperous relationship." About iLive iLive is a broadband streaming media company that has produced in excess of 250 episodes, viewable on the Internet. iLive assists companies in the development of online entertainment and content as well as producing online pay-per-view content for its own customers. Currently, iLive is developing a business to consumer model that focuses on online entertainment which includes a wide array of shows from celebrity homes, behind-the-scenes episodes, how-to instructional videos and classic television episodes. About Pro Sound and Stage Lighting Pro Sound and Stage Lighting was founded in May of 1976 by William Dettman, president/CEO. Dettman was one of the first mobile DJs in California. PSSL is rated as one of the 10 largest sellers of pro audio, stage lighting and DJ equipment in the United States (out of more than 8,000 dealers) according to Music Trades Magazine. This announcement contains forward-looking statements that involve risks and uncertainties. More information about potential factors that could affect iLive Inc.'s business and financial results is included in the company's quarterly reports on Form 10-Q Form 10-Q See 10-Q. on file with the U.S. Securities and Exchange Commission. The company cautions investors that its business and financial performance are subject to substantial risks and uncertainties. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion