HOLLYWOOD, Calif., April 13, 2004 (PRIMEZONE) -- CinemaElectric, Inc. (OTCBB:CINM) announces download growth rates for its PocketCinema(tm) digital video download product in Europe.
In a period starting in October 2003 and ending in January 2004, the company saw an average monthly growth of 150% per month in video downloads in three European countries: Germany, Austria and the United Kingdom. CinemaElectric anticipates actively launching video downloads in more than 15 countries worldwide by the end of Q3, 2004. Currently the Company distributes graphics and other multimedia to a global network.
PocketCinema(tm) video content is produced by CinemaElectric and custom formatted for mobile phones. In many cases, the video is photographed exclusively for mobile distribution, in a way that heightens the presentation and delivery to color multimedia mobile phones. Every major mobile phone manufacturer, including Nokia, Samsung, Sony Ericsson, Siemens, LG and others either have multimedia phones in the market today or have announced new video phones that will be launched in 2004. Currently, CinemaElectric offer four "brands" of weekly video content: PocketGirls(tm) (models), Electric Catwalk(tm) (fashion), Action Sports and Movie Messages. Movies messages are designed to be used as video greetings and are offered in English, Spanish, French, Italian, German and Chinese.
CinemaElectric owns what is believed to be the world's largest library of formatted multimedia and video content for mobile devices. The company has a special focus on video content for mobile phone playback, both in the current 2.5G environments and into advanced, high-speed 3G networks.
About CinemaElectric, Inc.
CinemaElectric is a wireless services company and a leading provider of multimedia entertainment for mobile devices in more than 35 countries. The Hollywood-based studio produces downloadable PocketCinema(tm) video, MMS greetings, multimedia applications and CineSound(tm)audio ringers.
Website: http://www.CinemaElectric.com
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.