Contact Information: Contact: Nicolas Lavaud President ITonis Inc. Klimentska 10 110 00 Praha 1 Czech Republic www.itonis.tv Email Contact
ITonis and iOcean Launch a Joint Venture Project to Develop IP Television in China
| Source: ITonis
HONG KONG -- (MARKET WIRE) -- April 17, 2007 -- ITonis (OTCBB : ITNS ) and iOcean are extremely
pleased to announce the launch of a Joint Venture project in China. The
goal of the Joint Venture is to develop and operate an IP Television and
Video on Demand service in the province of Shandong (People's Republic of
China). With its 80 Million inhabitants, the Shandong province is a unique
opportunity to validate the technical solution and the commercial model for
the service in China. Upon validation, the Joint Venture will replicate the
model in other provinces with the aim to cover the whole China in the next
two years.
ITonis is a Prague-based developer of cutting-edge Video on Demand and
Television over IP (IPTV) solutions. ITonis has developed a true Video over
IP solution for video content owners and video content distributors that
would enable the viewer to see his favorite national or local TV programs
from anywhere in the world at his own leisure, either through a set-top box
connected to his TV or through a computer. ITonis will bring its software
and technical know-how into the project. One of its responsibilities is the
design and operation of the technical solution.
iOcean is a sino/foreign company created by industry leaders with a history
of innovation in the deployment of Internet-based services. iOcean has
spent the past 2 years developing solutions and forming partnerships for
the delivery of IPTV services in the People's Republic of China based on
international patents and technology.
Nicolas Lavaud, ITonis' President, comments: "At ITonis, we are all very
excited about the Joint Venture. iOcean brings unique local knowledge and
expertise on the Chinese market. With ITonis technology, we have all the
components of a winning team that can revolutionize the whole Television
market in China. Video services will come first but there is more to come.
ITonis platform is the foundation for offering any entertainment services
such as national lottery. The potential is just enormous!"
For more information on ITonis, please visit www.itonis.tv or contact
Nicolas Lavaud, President.
For more information on iOcean, please visit www.ioceanmedia.com.
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