Even Technologies Inc.
TSX VENTURE : ETI

Even Technologies Inc.

March 03, 2008 07:00 ET

Even Technologies Announces Successful Completion of Phase 1 IPTV System at Twin Lakes Telephone Cooperative

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - Even Technologies Inc. (TSX VENTURE:ETI) is pleased to announce that Infinite Video Corporation has completed Phase One of the IPTV system testing at Twin Lakes Telephone Cooperative Corporation ("Twin Lakes").

Successful testing of the IPTV system will enable Twin Lakes to deliver Video over IP and other IPTV services over the existing Twin Lakes network. By integrating Even Technologies' PSI™ Video Codec and the dme™ Video over IP system, Twin Lakes can 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 outside plant currently in place. Robert Saunders, of Infinite Video Corporation, says, "The IPTV System will put Twin Lakes in a position to deliver a profitable IPTV solution created for the Telco space."

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

Twin Lakes, one of the largest telephone cooperatives in the USA, has completed the first testing phase of the end-to-end solution for Twin Lakes to deliver broadcast TV and new media services to their customers. The Infinite Video solution provides encoding, middleware and web features designed to deliver very low bit-rate video for streaming applications.

Even Technologies' advanced compression solutions enable telephone companies like Twin Lakes to deliver standard definition television at 750kbps and high definition television at 3Mbps.

Any content, anywhere, anytime.

On Behalf of the Board of Directors:

Nick Ringma, President and CEO

About Twin Lakes Telephone Cooperative Corporation

Twin Lakes Telephone Cooperative is a telephone system operator offering local telephone, long distance and Internet services in the state of Tennessee. Twin Lakes has over 37,000 line subscribers and is one of the largest telephone cooperatives 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.

Even Technologies Inc.

Even Technologies is a Vancouver, Canada company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies' PSI™ Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3 Mbps. 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 environment. For more information, please visit www.eventechnologies.com.

Copyright (C) 2008 Even Technologies Inc.™, EVEN™, PSI™, dme™ and other marks, names, logos and icons identifying Even Technologies Inc. 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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