SOURCE: ESPRE Solutions, Inc.

May 15, 2007 10:04 ET

ESPRE Solutions and SureCast Media Sign License Agreement for Entertainment Market

PLANO, TX -- (MARKET WIRE) -- May 15, 2007 -- ESPRE Solutions, Inc. (PINKSHEETS: EPRT), a Dallas-based media solutions and technology company with a revolutionary and patented video compression technology, today announced it has signed an exclusive software and market license with SureCast Media.

SureCast Media, an entertainment software service provider based in Geneva, Switzerland, has agreed to license ESPRE's eViewMedia Engine™ for the Entertainment Market. Specifically, the market is defined as professionally produced, pre-recorded video content such as feature length movies, sports reproductions, and IPTV (pre-recorded and live broadcast television shows, distributed over the Internet). The business model for SureCast Media has not yet been announced to the public, however per the terms in the agreement it may include pay-per-view, ad insertion and subscription fee-based compensation.

Exact financial terms of the deal are protected under a non-disclosure agreement. High-level financial terms of the agreement include a down payment that was paid by SureCast Media upon signing the license to use ESPRE Solutions' technology for the entertainment market, with an additional payment due upon first product release, which is anticipated in the fourth quarter of this year. Additionally, ESPRE will be paid an ongoing royalty for sales made by SureCast Media.

This deal was made possible following a separate agreement with Media Distribution Solutions (MDS), who had previously licensed ESPRE's technology for the online classifieds, social networking and online entertainment markets. Following early success in the online classifieds market, MDS sold back rights for entertainment and social networking to ESPRE in order to focus on video enabling online sales exclusively. MDS has made significant progress in launching unique video solutions for the online classifieds market with service contracts with, plus a major domestic yellow pages publisher, as well as one of the Top 5 US newspaper publishers. Details of the financial agreement with MDS are undisclosed at this time.

Pete Ianace, CEO and President of ESPRE Solutions, states, "There has been a tremendous amount of activity recently made by media companies to create unique online video experiences for their audiences. This initiative with SureCast Media will deliver a true, TV-quality user experience for Internet users over all broadband environments -- including the mobile Internet. Delivering true web distribution implies not limiting the user to only 150 channels of selectable media, but making thousands of interactive channels available.

SureCast Media will couple this user experience with ESPRE's patented digital rights management technology that upon release will assure wide industry acceptance while using up to 50% less bandwidth than other offerings currently available in the market."

About ESPRE Solutions, Inc.:

Plano, Texas-based ESPRE Solutions is a public company (PINKSHEETS: EPRT) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality, real-time and streaming video over the Internet -- even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video solutions provider of choice for Internet Service Providers, Enterprises, application developers, communications hardware vendors and chip manufacturers, by providing both narrowband and broadband video solutions for integration into traditional voice and data applications. ESPRE Solutions' eViewMedia Engine™ provides an integrated toolkit solution for developers to create applications for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering eView technology, visit


Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance.

Contact Information