BOCA RATON, Fla., Aug. 17, 2005 (PRIMEZONE) -- Wi-Fi TV, Inc. (Pink Sheets:WTVN) announced that it has been retained by Consolidated Streaming, Inc. (Pink Sheets:CSEMF) for services under a consulting agreement dated Aug. 17, 2005. As a result of the agreement, Consolidated Streaming and Wi-Fi TV Inc. will seek to work together in a number of areas.
"We have worked closely with Wi-Fi TV, Inc. in the development of the design and technology for the new www.Wi-FiTV.com live online television web site. We look forward to exploring joint ways of marketing the content and technology contained on the www.Wi-FiTV.com website," said Keith Friedman, Chairman and CEO of Consolidated Streaming, Inc.
The services which WFTV agrees to provide under the agreement include the following:
(a) identifying revenue-sharing opportunities on Wi-Fi TV, Inc. and
other of its web properties;
(b) content licensing and sharing opportunities whereby
Consolidated Streaming can deliver Wi-Fi TV, Inc. content
from its channels on a revenue-shared basis;
(c) providing advice and recommendations with respect to the
identification, packaging, marketing, and distribution of
specific pieces of content to be delivered via streaming video
and audio over the Internet;
(d) providing advice and recommendations on advertising, promotional
and cross-marketing opportunities for Consolidated Streaming in
connection with its produced content;
(e) assisting Consolidated Streaming to refine its business and
marketing plans, and to review such strategic relationships,
joint ventures, acquisitions or other transactions in which it
may become involved from time to time; and
(f) advising Consolidated Streaming on various matters within its
expertise.
As part of the agreement, Consolidated Streaming has agreed to deliver to Wi-Fi TV 15,000,000 shares of its common stock, in consideration for services to be provided to it and 500,000 shares of Wi-Fi TV common stock.
About Consolidated Streaming, Inc.
Consolidated Streaming, Inc., a publicly listed company, is a digital media company specializing in providing Live-On-Demand content to niche market audiences. For further details on this and other Consolidated Streaming news, please visit: http://www.consolidatedstreaming.com.
For online distribution of content, Consolidated Streaming, Inc. can be contacted at 386-767-1210 or by e-mail at content@consolidatedstreaming.com.
About Wi-Fi TV, Inc.
Wi-Fi TV, Inc. offers free local, long distance and global telephone service with its Wi-Fi TV virtual dialer and 200 free one-click Wi-Fi TV content channels at www.Wi-FiTV.com. Wi-Fi TV, Inc. (www.wi-fitv.com) (www.cinemapop.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience, now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and ten years of experience in the delivery of video over the Internet in launching its new service.
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. This press release shall not be deemed a general solicitation.