CoConnect, Inc. Announces Launch of IPTV/VoD Division12 February 2005
CoConnect, Inc., formerly Advanced Wireless Communications, Inc. (OTC: CNTI), an exclusive marketer of ultra high-speed wireless Internet access and VoIP products, is pleased to announce today that it has officially launched a new division to develop and deploy Internet Protocol Television (IPTV) and Video On Demand (VoD) services.
The new division will be called the WiFiTV Network and will broadcast live streaming Television and Video On Demand services to the Company's customers within the Utah Metro Mesh Wireless network that is currently being deployed.
Tim Thayne, President/CEO, stated: "Through industry research, analysts have publicly stated that Global IPTV Revenue Will Top $17 Billion by 2010. With bandwidth of 45Mbps leading the CoConnect Wireless Metro Mesh Network, we are in a very good position to be a leader in the Wireless last-mile solution for the IPTV and Video On Demand market. The addition of these services will allow our customers to enjoy live streaming Television and Video On Demand when and where they want to view it anywhere within our network."
About CoConnect: CoConnect owns technology for Ultra High-Speed Wireless Internet Access with bandwidth of 45 Mbps. 45 Mbps allows CoConnect the ability to offer additional services such as Voice Over Internet Protocol (VoIP), Video On Demand (VoD), and Internet Protocol Television (IPTV), and more interactivity to the end-user.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
Source: Market Wire
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