ALBUQUERQUE, N.M., Sept. 3, 2008 (GLOBE NEWSWIRE) -- AccessKey IP, Inc., (Pink Sheets:AKYI) the developer, designer and producer of advanced entertainment and communication devices, today announced that the first two phases of its project with CSI Digital is complete and was delivered on time. The project 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 adaptability that AccessKey offers.
"We are excited to move forward with AccessKey IP and very pleased that deliverables are ahead of schedule," said David Luman, Chief Executive of CSI Digital. "Working with Craig Erickson and his team of engineers shows a high level of capabilities and efficiency at AccessKey," he added. The project, still unannounced to the IPTV world, is viewed as the first of many between CSI and AccessKey, according to Luman.
According to George Stevens, CEO of AKYI, the development and design phase of the project is now completed. The benefits this completed project brings both companies are enormous. The metrix behind each of the phases will prove the viability of both the product and market place. Stevens further stated that, "The technologies and methodologies used in this series of products is not simply evolutionary, but revolutionary in execution and function. It will usher in a whole new spectrum of delivery to the industry."
The product, a joint development between AccessKey IP and CSI Digital, is scheduled for delivery before the end of the year.
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" Set Top Box (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) Set Top Box offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) Set Top Box 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.globenewswire.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.