SOURCE: Wi-Fi TV Inc.

December 17, 2007 12:06 ET

Bringing the Internet and the TV Together Is Focus of Wall Street Journal Article and Wi-Fi TV for 2008

NEWPORT BEACH, CA--(Marketwire - December 17, 2007) - Wi-Fi TV Inc. (PINKSHEETS: WTVN) is a company whose mission is to bring the Internet and the TV together. And that is precisely the topic of an article in the December 11, 2007, Wall Street Journal entitled: "The Internet. The TV. Here's how to finally bring them together," by Nick Wingfield.

The article emphasizes the difficulties many companies have faced in selling set-top boxes to bring TV type content from the Internet to conventional TV. According to Wi-Fi TV Inc. founder, and the author of "Signs of Intelligent Life on the Internet," Alex Kanakaris, big companies may be putting their efforts in the wrong direction.

"While all these companies have been building set-top boxes that the consumer doesn't understand or want, the convergence of TV and the Internet has taken on a life of its own with websites like www.Wi-FiTV.com," he stated.

"First of all, what many people still don't get is that young people are taking TV with them to watch wherever they are connected to the Internet, so a box to output the picture to a fixed location TV has little appeal. The YouTube and iPhone generation is watching TV on laptop, home and office computers," Mr. Kanakaris stated.

"In addition, watching TV on a computer lets a site like Wi-Fi TV enable one-to-one live chat, something you could never do with a conventional TV hookup. And, in the very near future, you will be able to transmit the picture of Wi-Fi TV to any TV by a wireless Bluetooth connection, as well as by one wire, such as an HDMI cable. Therefore, the Internet TV revolution is happening despite the reluctance by consumers to buy new set-top boxes cited in the Wall Street Journal article," Mr. Kanakaris concluded.

"The issue with these next-generation set-top boxes is they're hard to use, hard to install and the return on investment isn't particularly large because the content is available elsewhere," says Mike Volpi, CEO of Joost NV, a London-based Internet television service available through PCs, in the Wall Street Journal article.

"Still, tech companies can't stay away from the idea, because of the booming popularity of Internet video. In August, Internet users in the U.S. viewed 9.13 billion online videos, up 26% from 7.24 billion in January, estimates research firm comScore Inc.," the Wall Street Journal article stated.

About Wi-Fi TV

Wi-Fi TV™ is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995.

Wi-Fi TV Inc. provides Social Internet TV™, a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.

The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a free dialer and make phone calls and host live video parties all on one website.

The Company was launched in 1995 and has been publicly traded since November 1997.

For information on purchasing a Wi-Fi TV Station send an email to info@wi-fitv.com.

For press relations, contact Colby Marceau, 949-716-9397, info@wi-fitv.com

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 Security 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. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.

Contact Information

  • Contact:

    For press relations for Wi-Fi TV call:
    949-716-9397
    Wi-Fi TV Inc.
    3434 Via Lido #300
    Newport Beach, CA 92663
    info@wi-fitv.com