ALBUQUERQUE, N.M., Aug. 2, 2005 (PRIMEZONE) -- Speaking last week at the Federal Communications Commission-National Congress of American Indians Regional Workshop and Roundtable in Albuquerque, New Mexico, the CEO of Wi-Fi TV, Inc. (Pink Sheets:WTVN), Alex Kanakaris, officially launched Wi-Fi TV, Inc.'s Native American Internet Development Plan.
In his address, Mr. Kanakaris announced that Wi-Fi TV, Inc. is prepared to deploy resources to establish the following Internet-related businesses in partnership with the Native American community:
-- The first global television station devoted exclusively to
topics of relevance to Native Americans. This will include
features on tribal-owned tourist destinations such as casinos,
hotels, and RV parks. The station will be available for viewing
free over the Internet and will be viewable on laptop and desktop
computers, as well as television screens. The channel will join
over 200 channels from 50 countries currently airing at
www.wi-fitv.com. The channel will potentially generate advertising
revenues, as well as promotional opportunities for Wi-Fi TV, Inc.
and its partners.
-- An Internet TV studio which will be on the cutting-edge of
production and delivery technologies and will allow digital
production and Internet webcasting among its services. Wi-Fi TV,
Inc. intends to locate this studio in Nevada on tribal land. Fees
will be generated for services and training, and hiring of Native
Americans will be part of the development.
-- Development of on-demand Native American-themed online TV
programming, including pay-per-view educational programs and
conferences. Fees will be charged for placing the content online
as well as to grant online access to the content.
-- Development of an online gaming website, which will be a joint
venture with an Indian-owned casino and will offer "play-for-fun"
online gaming (no winning or losing money), as well as the
possibility of future offshore gambling for money. Fees will
be earned initially from advertising and possibly in the future
for gambling transactions.
-- Development of VoIP free local and long distance phone services
with a Native American co-branded virtual dialer. The phone dialer
will be designed to be downloaded on the Internet. Advertising
will be tied to using the phone as a revenue model for the
business.
Kanakaris said that Wi-Fi TV, Inc. is welcoming potential Native American partners to share in the revenues the company hopes to generate from these businesses and stressed that the Native American component launched last week makes up part of Wi-Fi TV, Inc.'s overall international strategy.
"The convergence of TV and the Internet opens a great opportunity to expand knowledge about and cultural awareness of Native Americans and to promote Native American enterprises. As an example, one of the most talked-about IPOs in England in the last 20 years was recently undertaken by an online gaming company, and it is important to brand and develop an online gaming site now that is representative of the Native American community. Wi-Fi TV, Inc. is uniquely qualified to deploy these initiatives based on our 10 year experience in delivering video over the Internet and our access to a global server network," Kanakaris stated.
About the FCC-NCAI ITI Regional Workshop and Roundtable
Mr. Kanakaris spoke at the Indian telecommunications meeting of the FCC-NCAI Regional Workshop and Roundtable as an invited guest speaker. He was joined in his presentation by Sherwood Lewis, a member of the Fort Mojave Tribe and Indian tribal business leader.
The FCC-hosted event, which was held July 28 and 29 in Albuquerque, New Mexico, examined technology deployment issues on tribal lands and the related economic empowerment of Indian country. Tribal leaders and technology representatives, economic development and community planning managers, and telecommunications representatives attended this intergovernmental meeting.
Subjects addressed included opportunities for increased delivery of distance learning, telemedicine, public safety, e-commerce, and governmental involvement through telecom and broadcast technologies. FCC Commissioner Michael J. Copps delivered keynote remarks. The ITI event built on the successes of the FCC's previous ITI Regional Workshops and Roundtables held in Reno, Nevada in July 2003; in Rapid City, South Dakota in May 2004; and on the Coeur d'Alene Tribe's reservation in Idaho in November 2004.
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 10 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 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.