Even Technologies Inc.

Even Technologies Inc.

September 05, 2007 09:00 ET

Even Technologies Announces a Signed Commercial Contract to Install an End-To-End Telco IPTV Solution With Twin Lakes Telephone Cooperative Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - Even Technologies Inc. ("Even Technologies" or the "Company") (TSX VENTURE:ETI) is pleased to announce that Infinite Video Corporation ("Infinite Video") and Twin Lakes Telephone Cooperative Corporation ("Twin Lakes") have signed a definitive commercial contract for the installation of an IPTV system to deliver Video over IP and other IPTV services over the cooperative's existing network. By integrating Even Technologies' PSI™ Video Codec and the dme™ Video over IP system, Twin Lakes will introduce broadcast TV over DSL, Video on Demand (VOD) and other advanced video services to their subscribers.

The solution is technologically advanced in that it will allow Twin Lakes to deploy IPTV without upgrading the infrastructure they have in place. Bob Saunders, Co-Founder of Infinite Video, notes that the contract for delivery and installation of an end-to-end solution "will further prove the business case for a profitable IPTV solution created for the telco space by the team at Even and Infinite." This formal contract follows the conclusion of an initial MOU and calls for the delivery and installation of equipment to provide over 125 channels and unlimited VOD to Twin Lakes' subscribers.

Wayne Gassaway, Twin Lakes' General Manager, comments, "After looking at the Even Technologies IPTV product, we came to the conclusion that it offered both a technically and economically superior solution that nothing else on the market could provide."

The contract with Twin Lakes, one of the largest telephone cooperatives in the USA, calls for delivery of the end-to-end solution which will result in Twin Lakes delivering broadcast TV. The Infinite Video solution provides encoding, middleware and web features and is designed to deliver very low bit-rate video to streaming applications on the lap-top, cell-phone and set top box.

Even Technologies' advanced compression solutions enable telephone companies like Twin Lakes to deliver standard definition television at 750kbps and high definition television at 3Mbps. In doing so, they eliminate the costs of rebuilding the outside plant while immediately offering video services to their telephone customers.

Any content, anywhere, anytime.

On Behalf of the Board of Directors:

Nick Ringma, President

About Twin Lakes Telephone Cooperative Corporation

Twin Lakes Telephone Cooperative is a telephone system operator offering local telephone, long distance, Internet and broadband TV services in the state of Tennessee. Twin Lakes has over 37,000 line subscribers and is one of the largest telephone cooperative in the USA. Twin Lakes Telephone Cooperative is owned entirely by the members they service. Since 1951, Twin Lakes has evolved to meet the changing needs of its members.

For more information, please visit www.twlakes.net.

About Infinite Video Corporation

Infinite Video provides complete, end-to-end IPTV delivery solutions for telcos to immediately deploy video services to all of their subscribers - without the cost and delay of rebuilding the network. By delivering a fully integrated, end-to-end solution for low bitrate IPTV, telcos can now deliver the triple play profitably.

Infinite Video has incorporated patented compression technology into a turnkey solution for deploying video services to the television, computer and cell phone. High quality, interactive IPTV can be distributed to entire telco networks without upgrading the network infrastructure.

For more information, please visit www.infinitevideocorporation.com.

About Even Technologies Inc.

Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable video delivery. Even's PSI™ Smart Compression allows service providers to deliver standard definition video at 750kbps and high definition video at 3Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI™ technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI™ technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environments.

For more information, please visit www.eventechnologies.com.

Copyright (C) 2007 Even Technologies Inc.™, EVEN™, PSI™, dme™ and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies' products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners.

Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy", "expects", "plans", "believes", "will", "estimates", "intends", "projects", "goals", "targets", and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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