ALBUQUERQUE, N.M., April 22, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc. (Pink Sheets:AKYI), the developer, designer and producer of advanced entertainment and communication devices, today announced that it has signed a Joint Development Contract with CSI Digital of Portland, Oregon. The $1.5mm agreement will engage AKYI to provide specialized IPTV related development services for CSI Digital and its customers. The contract is in phases, wherein AccessKey will develop a series of Set Top Boxes, to address multiple segments of the industry in conjunction with the marketing and sales efforts of CSI. CSI Digital looks to leverage AccessKey's advanced proprietary technology for the IPTV field including its customer-specific functionality. The development and design phase of the project is in process and is expected to be completed during the next quarter, which will result in substantial revenues from the sale of products.
According to George Stevens, AKYI Chairman, "I want our stockholders to understand the significance of this relationship. Working with CSI Digital represents a momentous change in our strategy and repositions AccessKey IP in the marketplace. We maintain our focus as an OEM manufacturer of set top boxes while aligning ourselves with the preeminent IPTV aggregator in the country. CSI has successfully deployed in all market verticals and provides coverage across the U.S. and its territories and we are excited to be able to work with them in each of their markets. This alliance benefits both companies, utilizing all of AccessKey IP's current patented technology thus driving value for AccessKey IP and its supporters."
"Enabling our customers with the leading technology provided by AccessKey brings value to the marketplace we couldn't do on our own, said David Luman CSI Digital's Chief Executive. He stated further, "the products produced as a consequence of our joint development will bring tremendous value to all providers, regardless of the market they serve."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey(tm) Home and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPTV), navigate the Internet, watch Video on Demand (VOD) offerings. Specialized functionality also allows users to play video or Internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
About CSI Digital
CSI Digital markets wholesale digital content products and programming that enables providers to deliver IPTV, voice and data services to retail customers. A "new to market" company or existing multi-service provider (MSO) can acquire CSI's turnkey formatted wholesale digital content package - which includes voice, video and data products, without the prohibitive cost of a traditional deployment.
CSI Digital's IPTV package allows service providers a quick, cost effective method of delivering digital video products to their customers. CSI Digital's voice package includes enterprise (PBX) and residential functionality for providers. Customers include cable companies, Independent Telephone companies, ISPs and others interested in delivering digital services to the marketplace.
CSI Digital's voice, video and data products enable providers to:
* Enter new and underserved markets
* Deploy quickly at a fraction of the normal cost
* Private label the services
* Deliver prepackaged or custom products
* Meet competition with a superior product
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions.
FOR INVESTOR INQUIRIES: Please visit the Company's website www.accesskeyip.com, or contact: Bruce Palmer, 310-734-4254, ext. 105.