SOURCE: ITonis

October 24, 2007 10:59 ET

ITonis IPTV Platform to Offer Online Lotteries and Gaming to Chinese Viewers in 2008

LONDON--(Marketwire - October 24, 2007) - ITonis (OTCBB: ITNS) is not only the first non-Chinese company to become involved in Internet Television in China but, in another ground-breaking development, is also developing a channel to sell lottery tickets on behalf of the State Sports Lottery.

To be launched with the first 80 Chinese language channels in early 2008 to a potential audience of over 130 million, the new Lottery Channel will be offered through ITonis' wholly-owned foreign enterprise, Flow. By introducing new lottery and other gaming products, revenues are expected to increase significantly.

Commenting on the deal, Thomas Roberts, ITonis CEO, said: "We were delighted to be extending our platform in such dynamic and exciting ways. Like IPTV, the gaming market in China has previously been closed to foreign companies and this is a unique opportunity to gain a foothold in this key growth sector.

"This is a very exciting development for ITonis, which demonstrates our ability to deliver solutions at home and abroad. It has also brought together our expertise in on-line television and gaming."

About ITonis

ITonis, based in Prague, Czech Republic, is a developer of cutting edge IPTV solutions. ITonis has developed a true IPTV solution for video content owners and video content distributors that would enable the viewer to see his/her favorite national or local TV programs from anywhere in the world at leisure, either through a set-top box connected to the TV or through a computer. ITonis will bring its software and technical know-how into the project.

FORWARD-LOOKING STATEMENTS: Statements about ITonis' future expectations, including the completion of the lottery project, future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. ITonis' actual results could differ materially from expected results. ITonis does not undertake any obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this objective; ITonis will appropriately inform the public.

Contact Information

  • For more information on ITonis, please visit http://www.itonis.tv or
    contact:
    Tom Roberts
    CEO
    Email Contact

    ITonis Inc.
    Klimentska 10, 110 00
    Praha 1, Czech Republic

    Tel: +1-866-826-1347 (North American Investor Relations)