LONDON, Oct. 23, 2007 (PRIME NEWSWIRE) -- Smartfundit.com, the technology finance marketplace, and Wi-Fi TV Inc. (Pink Sheets:WTVN), the creator of Social Internet TV(tm), today announced an initiative to finance Wi-Fi TV Stations for small and large businesses and organizations. Under terms of the deal, the Wi-Fi TV sales force will offer three-year rental agreements for Standard, Premium and Super Premium Wi-Fi TV Stations. The costs for a business start at $1,100 per month.
"With Smartfundit.com's ability to deliver technology finance in real time over the Web, the Wi-Fi TV sales team now has a powerful set of tools to provide financing for the delivery of Wi-Fi TV stations to businesses and organizations of all sizes. In one electronic transaction, Wi-Fi TV can close a deal to add a new Wi-Fi TV Station to our Social Internet TV platform and that station can now launch within days," stated Alex Kanakaris, Chairman of Wi-Fi TV Inc.
"Very few companies have the ability to transform their industries. But that's exactly what both Wi-Fi TV and Smartfundit.com are achieving right now. Both our organizations bear striking similarities; we're both driven by change; we recognize the immense power of the Web and we're pioneering the future of the Internet together. This partnership with Wi-Fi TV is a huge opportunity for both of us that will deliver TV stations to businesses in the U.S. in the most cost-effective way. We look forward to building on the success of that partnership as Wi Fi TV embarks on its expansion into Europe," said Justin Floyd, Smartfundit.com Founder and Chairman.
The new Wi-Fi TV Station finance program is available immediately and is being marketed by a sales team of thirty representatives in the United States. The U.K. will be added as a marketplace over the next ninety days, and additional geographic regions will also be added in the future.
About Smartfundit.com
Smartfundit.com is the leader in delivering finance on demand for the world's technology through an independent, open platform that brings finance providers, technology vendors and businesses together. The site cuts out the middleman and provides a fast, easy and secure way for companies to source flexible IT leasing finance. Since launching in January 2006, Smartfundit.com has been used in the funding of technology purchases totaling more than $680 million.
About Wi-Fi TV
Wi-Fi TV(TM) is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995. The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a dialer and make free phone calls and host live video parties all on one website. Wi-Fi TV Inc. provides Social Internet TV(TM), a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.