SEATTLE, Dec. 22, 2004 (PRIMEZONE) -- Reeltime Rentals, Inc. (Pink Sheets:RLTR) has entered into a strategic partnership with Peer 1 Network Enterprises, Inc. (TSX Venture Exchange:PIX). The agreement will advance the Company's network infrastructure by adding a world-class IP network and co-location services to meet increasing demands for bandwidth and physical facilities.
"We are pleased to be part of ReelTime's promising media delivery technology, said Rick Hingson, VP of Operations, Peer 1 Network. "Peer 1's industry-leading network will supply the minimal latency and scalable bandwidth required to meet ReelTime's emerging network requirements."
According to Chief Executive Officer of Reeltime Rentals, Alex, Stanzyck, "ReelTime chose to partner with Peer 1 Network Enterprises for their state-of-the-art Network Operations Center (NOC) that offers one of the most reliable and flexible networks available. The NOC is manned around the clock and their highly skilled engineers are available 24/7. ReelTime will incorporate Peer 1 Network's unsurpassed routing and troubleshooting expertise to assure 100% uptime and maximum network performance."
About Peer 1 Network
Peer 1 Network provides high performance Internet bandwidth and server co-location facilities to companies worldwide. Building on a redundant, 100% Cisco powered internal network, Peer 1 guarantees 100% uptime Internet access for companies with mission-critical applications. Since its inception in 1999, business-savvy companies have chosen Peer 1's network for unfailing reliability and world-class service. Currently in ten locations -- nine in North America and one in Europe -- the Peer 1 Network headquarters are located in Vancouver, British Columbia. The company trades on the TSX Venture Exchange under the symbol PIX. Peer 1 Network, through a subsidiary, ServerBeach, Ltd. (www.serverbeach.com), is a leading provider of dedicated servers based in San Antonio, Texas, and through a joint venture, Symmetric Broadband, Inc. (www.symmetricbroadband.com), provides wholesale VoIP termination and origination services. More information is available at www.peer1.net.
About Reeltime Rentals, Inc.
Reeltime Rentals, Inc., Headquartered in Bellevue, Washington, plans on renting movies in real-time to the living rooms of customers nationwide. Customers will have access to thousands of DVD-quality full-screen movies without the hassles of going to the video store or mailbox, nor the added expense of late fees. ReelTime offers a unique, new, and convenient approach to renting movies at home or elsewhere. ReelTime uses cutting-edge technology that brings high-quality video content direct to consumers, while taking unprecedented measures to combat the threat of piracy. Technology acquired from Innovative Communications Technologies, Inc. forms the basis for ReelTime's Intelligent Rapid Delivery System (IRDS).
For more information on Reeltime Rentals, Inc. you may visit our web site at www.reeltimetv.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing, and evaluation of products, and other risks detailed from time to time in the Company's filing with the Securities and Exchange Commission.