Contact Information: For more information on ITonis, please visit http://www.itonis.tv or contact: Tom Roberts CEO ITonis Inc. Klimentska 10, 110 00 Praha 1, Czech Republic Tel: +1-866-826-1347 (North American Investor Relations)
ITonis IPTV Platform to Offer Online Lotteries and Gaming to Chinese Viewers in 2008
| Source: ITonis
LONDON--(Marketwire - October 24, 2007) - ITonis (OTCBB : ITNS ) is not only the first
non-Chinese company to become involved in Internet Television in China but,
in another ground-breaking development, is also developing a channel to
sell lottery tickets on behalf of the State Sports Lottery.
To be launched with the first 80 Chinese language channels in early 2008 to
a potential audience of over 130 million, the new Lottery Channel will be
offered through ITonis' wholly-owned foreign enterprise, Flow. By
introducing new lottery and other gaming products, revenues are expected to
increase significantly.
Commenting on the deal, Thomas Roberts, ITonis CEO, said: "We were
delighted to be extending our platform in such dynamic and exciting ways.
Like IPTV, the gaming market in China has previously been closed to foreign
companies and this is a unique opportunity to gain a foothold in this key
growth sector.
"This is a very exciting development for ITonis, which demonstrates our
ability to deliver solutions at home and abroad. It has also brought
together our expertise in on-line television and gaming."
About ITonis
ITonis, based in Prague, Czech Republic, is a developer of cutting edge
IPTV solutions. ITonis has developed a true IPTV solution for video content
owners and video content distributors that would enable the viewer to see
his/her favorite national or local TV programs from anywhere in the world
at leisure, either through a set-top box connected to the TV or through a
computer. ITonis will bring its software and technical know-how into the
project.
FORWARD-LOOKING STATEMENTS: Statements about ITonis' future expectations,
including the completion of the lottery project, future revenues and
earnings, and all other statements in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as the term is defined in the Private Litigation
Reform Act of 1995. ITonis' actual results could differ materially from
expected results. ITonis does not undertake any obligation to update
forward-looking statements to reflect subsequently occurring events or
circumstances. Should events occur which materially affect any comments
made within this objective; ITonis will appropriately inform the public.