mPhase Television Signs Agreements With Major Broadcasters; C-SPAN, BET Agree To Deliver Programming Utilizing DSL and The mPhase Traverser Digital Video and Data Delivery System.
NORWALK, Conn.--(BUSINESS WIRE)--May 16, 2001
mPhase Technologies, Inc. (OTCBB: XDSL), the leading designer of broadcast digital television and high-speed data solutions for the telecommunications industry, announced that it has signed affiliate agreements with C-SPAN and Black Entertainment Television (BET), both leading national television programmers. This marks the first time that television rebroadcast rights have been awarded to the Company for the purposes of delivering high-quality content over copper telephone wires using DSL technology, and more specifically, utilizing its proprietary Traverser Digital Video and Data Delivery System (DVDDS).
"These affiliate agreements validate our own belief that the Traverser DVDDS, utilizing non-Internet Protocol (NIP)-delivery and transmitting in native MPEG-2 format via DSL, provides television programmers and networks with a secure and reliable alternative delivery method to traditional cable," said Jennifer Silcott, director of marketing for mPhase Technologies. "As mPhase Television establishes itself as a premier provider of all-digital programming, providing access to cornerstones like C-SPAN and BET adds significant value to the full-service network (FSN) value proposition offered by participating telephone companies to their customers." The Company was assisted in its negotiations by Stim Media Consultants, Ltd.
The Traverser DVDDS makes significant economic sense for telcos seeking a secure video-over-DSL transport system for the delivery of high quality video to its customers while opening up new market opportunities for broadcasters. Further, because mPhase's patented Traverser DVDDS delivers channels individually to each customer, programmers benefit by virtually eliminating the possibility of wide-scale `pirating,' or acquisition of signals by unauthorized users. By leveraging the millions of miles of copper telephone lines already in place throughout the world, mPhase offers telephone companies a cost-effective, reliable and scaleable television-over-copper solution using a NIP-based platform. By securing rebroadcast rights from America's leading television programmers, telephone companies have the content to couple with mPhase's Traverser technology to offer customers an alternative method of viewing quality programming, particularly in areas lacking coaxial infrastructure. The ability to provide a complete, end-to-end system including a bundled package of live, broadcast television, high-speed Internet access and lifeline telephone service--and have it all on one bill--is what differentiates mPhase from its competition.
"The addition of these popular and respected channels for broadcast via the Traverser DVDDS marks another significant milestone for mPhase and mPhaseTelevision," said Company President and CEO Ronald A. Durando. "We have long maintained that the rebroadcast of such channels using a NIP-based system is superior to current Internet methodologies." He concluded, "we look forward to building on this announcement with many more channels of quality programming to provide a true turnkey `bird to box' solution for our US telco customers."
About mPhase Technologies, Inc.
mPhase Technologies, the leading designer of broadcast digital television and high-speed data solutions for the telecommunications industry, operates two primary business segments, marketing its proprietary Traverser Digital Video Data Delivery System (DVDDS) and DSL Components Line to telephone companies worldwide. The Traverser DVDDS enables telephone companies to cost-effectively and reliably transmit up to 400 channels of MPEG-2 quality, broadcast (real time) digital television programming utilizing a NIP-based platform, high-speed Internet access and traditional telephone service, simultaneously, over existing copper telephone lines. The Company believes that by avoiding transmission of video over traditional IP- or ATM-based networks, it possesses the capability to deliver a superior, more reliable and cost-effective video experience to the end user. The comprehensive package offered by mPhase and mPhaseTelevision provides telcos with turnkey systems that couple technology with content, thereby enhancing their revenue opportunities.
About Stim Media Consultants, Ltd.
Stim Media Consultants, Ltd. is a boutique consulting firm specializing in business development, business affairs and contract negotiations involving domestic and international television, telecommunications and Internet content production, acquisition and distribution. The president and founder of the firm is Stephen G. Stim, who has served in senior management, business affairs and legal positions at A&E Networks, ABC Network and ABC Video International and Madison Square Garden Network, Boxing, Motor Sports and Video.
Other major clients besides mPhase Technologies have included U.S. West Interactive Services Group, Americast, Cablevision Systems Corp., Helicon Cablevision, International Family Entertainment/MTM and New World Productions, Lifetime Television, Comedy Central, iVillage.com, Keshet Broadcasting Channel 2 Israel, Khabar/NTK Broadcasting Kazakhstan, Editoria Abril Brasil and TVA Sistema do Televisao Brasil.
More information is available at www.mPhaseTech.com or by calling 1.877.mPhaseTV. Investors may obtain additional information and subscribe to notification services by referring to the Investor Information page at the mPhase Web site, by calling the mPhase 24-hour toll-free Investor Hotline at 1.877.411.XDSL (9375), or by calling the Investor Relations Department at 203.854.1343.
Any statements contained in this press release that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include the following: fluctuations in customer demand; the Company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the Company's markets; the risks associated with competition; the risks associated with international sales as the Company expands its markets; and the ability of the Company to compete successfully in the future, as well as other risks identified in the Company's Securities and Exchange Commission filings, including but not limited to those appearing under the caption "Risk Factors" in the Company's 10-KSB and 10-QSB federal filings.
|Printer friendly Cite/link Email Feedback|
|Date:||May 16, 2001|
|Previous Article:||Packaging Corporation of America Announces $100 Million Common Stock Repurchase Program.|
|Next Article:||Harris Corporation Completes Cash Tender Offer For Exigent International, Inc.|