SOURCE: ITonis

October 17, 2007 06:58 ET

Itonis Inc. Secures Revenue Guarantee Contract

PRAGUE, CZECH REPUBLIC--(Marketwire - October 17, 2007) - ITonis Inc. (OTCBB: ITNS) a global provider of cutting edge IP-TV end to end solutions is very pleased to announce the execution of a Minimum Sales Guarantee Contract with Nordic IPTV Company Aps ("Nordic IPTV") in Copenhagen, Denmark.

ITonis Inc. is a developer, manufacturer and seller of IPTV solutions. ITonis Inc. has developed a true IPTV solution for video content owners and video content distributors that would enable the viewer to see his/her favourite 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 Inc., an emerging player in the IPTV market place, allows users of their product line to create unique revenue streams using a cost effective 'end to end' software solution. Future expansion into emerging markets, initially targeted as China, will help further validate and solidify ITonis's business model for the IPTV space.

Under the new contract with ITonis Inc., Nordic IPTV intends to make minimum revenue payments to ITonis Inc. of US$1.2 million from the Scandinavian market over the next three years. The contract provides both a business validation of ITonis's offering and an essential revenue stream which ITonis can leverage off of to meet its stated business goal of becoming the number one player in IPTV in the largely untapped and rapidly growing emerging markets such as China and India. In these countries an effective IPTV solution has the ability to leap-frog existing traditional media to provide cost effective access to media content to an extremely large and untapped consumer market.

Jesper Kauffeldt, President of Marketing and Sales of Nordic IPTV ApS, is very optimistic on the future for ITonis in the Scandinavian market, stating: "ITonis has a low cost comprehensive end-to-end IPTV solution, which reduces the initial investment hurdle of entry for small to medium sized operators."

Tom Roberts, President of ITonis Inc., states: "Various sized players in the Scandinavian market who are looking for a cost effect product can depend on ITonis' 'end to end' IPTV solution to fill this need. Our continuing relationship with Nordic IPTV Aps allows ITonis the opportunity to further develop its IPTV platform with an eye on larger markets like China."

Nordic IPTV offers an IPTV end-to-end solution and has over the last four years served major customers, including IBM and the Danish Crown. In the Scandinavian market a current major customer for IPTV solutions is Dansk Bredbaand A/S ("Danish Broadband"). Danish Broadband has currently almost 30,000 private households using its Internet TV solutions where movie and broadcast television content, including from Viasat, is transmitted over fibre optical networks. ITonis and Danish Broadband have explored technology development collaboration and their IPTV technology is partly based on the same platform.

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' and Nordic IPTV's future expectations, including fullfillment of the Minimum Sales Guarantee Contract, 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' and Nordic IPTV's actual results could differ materially from expected results. Neither ITonis or Nordic IPTV undertakes 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 and Nordic IPTV 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)