HOLLYWOOD, Calif., March 25, 2004 (PRIMEZONE) -- CinemaElectric, Inc. (OTCBB:CINM) has reached agreements with multiple content resellers in the US and globally to offer CinemaElectric mobile content to mobile customers of AOL (NYSE:TWX), MSN (Nasdaq:MSFT), and Yahoo (Nasdaq:YHOO) as well as other Internet portals that cater to mobile phone content customers. AOL, MSN and Yahoo have a total customer base of over 300+ million consumers. CinemaElectric anticipates reaching up to 4% of the mobile user base of this market by 2006 via their reseller network which includes Sonera Zed, Zingy and other resellers.
Mobile phones that play multimedia and video were the talk of the Cellular Telecommunications & Internet Association (CTIA) trade show this week in Atlanta as every major phone manufacturer unveiled new mobile phones that capture and playback video files.
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
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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.