MONTCLAIR, N.J., June 23, 2005 (PRIMEZONE) -- Headliners Entertainment Group, Inc. (OTCBB:HLEG) and SmartVideo Technologies (OTCBB:SMVD) announced today their latest multimedia agreement, a Rascals' Comedy Classics channel on SmartVideo Technologies' mobile entertainment broadcast. The addition of Rascals Comedy Classics to the SmartVideo broadcast only enhances the entertainment medium's robust programming lineup, which currently includes ABC News Now, MSNBC, CNBC, Fox Sports, E!-Entertainment, IFILM, The Weather Channel and more. The Rascals video streams are ideally suited for the mobile entertainment market as they are entertaining whether viewed for 30 seconds or 30 minutes.
The Rascals Comedy channel on SmartVideo will include more than 500 hours of short stand-up routines by comedy superstars, all of which were recorded live at the Rascals Comedy Clubs in New York, Los Angeles and New Jersey. The Rascals Comedy Clubs, which are a division of Headliners Entertainment Group, have earned the reputation among comedians as being a leading showcase for up-and-coming talent.
"Our informal research indicates that there's a potentially large audience for the Rascals comedy collection," said Richard E. Bennett, Jr., President and CEO of SmartVideo. "This collection has a unique array of routines from established, as well as up-and-coming comedians, something for everyone. Adding Rascals to our existing lineup of news, entertainment, sports and other mobile content, enables us to provide the most diverse assortment of content available in the smart-phone/mobile video device industry."
SmartVideo Technologies is the only company capable of delivering fully synched, full-motion audio and video to consumers with smart devices equipped with either the Microsoft Windows Mobile or Symbian (6.0 and above) operating systems. SmartVideo delivers mobile television at a minimum of 15 frames per second (FPS) on current 2.5G data networks, and at near-broadcast quality of 24FPS or higher on Wi-Fi-equipped devices as well as current and planned 3G data networks. Content packages are available for just $12.95 per month and up.
This innovative agreement between Rascals Comedy and SmartVideo Technologies was negotiated and arranged by Media Consulting Associates (MCA), a leading entertainment consulting firm based in Los Angeles, California. There are currently more than 50 million versions of smart phones and/or mobile devices capable of playing streamed video in use today. It is estimated that a whopping 250 million devises will be in use by 2008, a rapidly growing market the entertainment community is keeping a close eye on.
About Headliners Entertainment Group Inc.
Headliners owns and operates Rascals Comedy Club, one of the premier comedy clubs in the United States, drawing upon its respected national recognition and rich history of providing the highest quality comedic entertainment in the industry. Currently, the company prides itself on its ability to employ successful entertainers at its growing chain of venues, both in its stand-alone and hotel-based operations. The company also owns six dance clubs to add to its revenue.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.