SOURCE: ESPRE Solutions, Inc.

June 14, 2007 09:30 ET

ESPRE Solutions Signs License Agreement and Development Contract With Blideo, Inc.

PLANO, TX--(Marketwire - June 14, 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 a License Agreement, including a software development contract with Blideo, Inc.

Blideo, an online business collaboration service provider based in Plano, Texas, has agreed to license the ESPRE LIVE™ interactive video platform (formerly eViewMedia Engine™) for the Business Collaboration and Online Social Networking Markets. Specifically, ESPRE will be creating a completely unique online collaboration experience for Blideo which lets business professionals participate in multi-party video conferences while simultaneously collaborating using live and pre-recorded streaming video assets. ESPRE's unique solution for Blideo allows presenter control over multiple business quality video sources at the endpoints while requiring significantly less bandwidth than other web video solutions. More details of Blideo's business model will be introduced closer to its launch; however interested BETA users are invited to register for the Fall 2007 release by visiting the Blideo website at

Peter Leighton, Blideo's Chairman and CFO, states, "We are planning to change the way that business professionals present online. Having access to the highest quality and most robust video toolkit in the industry is fundamental to achieving our business goals. Over the past year, ESPRE has separated itself from the pack by developing true interactive video solutions, while most of the others remain in a one-way streaming environment. We believe business professionals are seeking better ways to present themselves and their products online. We look forward to introducing ESPRE's technology as part of Blideo's unique business toolset."

Terms include a substantial equity stake in Blideo for ESPRE, an ongoing application development contract in excess of $1 million for custom application development, and an ongoing royalty made up of subscription sales and advertising revenue generated by the Blideo network. The remaining financial terms of the agreement are protected under a non-disclosure agreement.

Pete Ianace, CEO and President of ESPRE Solutions, states, "We are pleased to add Blideo to the ESPRE partnership fold. This partnership reinforces our goal of adding marketing partners that provide upfront fees that generate short-term revenue, reoccurring royalty fees that build long-term revenue streams and an equity stake that adds value to our balance sheet. Just as the case with our other marketing partnerships, Blideo helps ESPRE expand its marketing reach into large vertical markets with a custom solution utilizing ESPRE's revolutionary Live Interactive Video Engine called ESPRE LIVE™. It also provides a way to demonstrate the capabilities of the ESPRE LIVE platform without ESPRE having to add a costly direct sales force. This will allow us to continue to focus our direct sales efforts on the global carrier marketplace."

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.

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