Even Technologies Inc.

Even Technologies Inc.

March 16, 2005 09:00 ET

Even Technologies Inc.: MOU Signed for Delivery of Complete Video Broadcast System Deploying the Company's PSI_V Codec


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EVEN TECHNOLOGIES INC.

TSX VENTURE SYMBOL: ETI

MARCH 16, 2005 - 09:00 ET

Even Technologies Inc.: MOU Signed for Delivery of
Complete Video Broadcast System Deploying the
Company's PSI_V Codec

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - Even
Technologies Inc. (TSX VENTURE:ETI)

The Company's patented end to end solution for the telephone sector has,
following successful completion of field trials, been accepted as the
preferred system for Silver Star Communications of Freedom, Wyoming.

Even Technologies Inc. (the "Company" or "EVEN") of Vancouver, Canada,
is pleased to announce that a memorandum of understanding to deploy its
proprietary technology in a complete video over IP and digital video on
demand (VOD) system has been signed to launch the DME™ system on the
Silver Star Communications' DSL network in the third quarter 2005.

The Digital Media Engine (DME™) system features a real-time encoder
that delivers visual DVD quality video at sub 700 Kbps over existing
telephone company DSL architecture permitting up to 3 television sets
per household to operate simultaneously. The cost efficient technology
gives telcos a realistic option for the implementation of video over IP.
The remotely upgradeable firmware of the Set Top Box (STB) means
operators will see reduced costs and extended system life. The system
also includes a VOD element manager, a conditional access protocol, a
STB element manager and a system EPG server.

Silver Star Communications' President, Allen R. Hoopes, says, "We are
very excited to have the opportunity to work with Even Technologies.
Their new products offer great promise to small rural companies such as
ours by allowing us to make the triple play a reality in our existing
network. The PSI_V™ Codec expands the possibility of multiple streams
of video to a much larger customer base than we had ever dreamed was
possible. In addition the product will also address our needs for High
Definition content in the future without significant changes to our
network. Thanks to Even Technologies' products, the deployment of video
in your network makes more sense than ever before."

The Company plans to launch a complete marketing campaign targeting
several commercial contracts for complete system installations.
According to Company COO, Nick Ringma, "The deployment of the DME™
system marks the silk road of codec commercialization and this agreement
represents the beginning of a series of long-term relationships with our
customers. We are most pleased that Silver Star has selected our system
for Video deployment."

About Silver Star Communications:

Silver Star Communications is a rural local exchange carrier (LEC) based
in Freedom Wyoming. Silver Star Communications and its sister company
Teton Telecom provide voice, high speed internet, long distance, and
video services to their customers in western Wyoming and eastern Idaho.

About Even Technologies Inc.

Even Technologies Inc. (EVEN) is a Vancouver-based company specializing
in the research of advanced digital image and video coding techniques,
and in the development and integration of high-performance systems for
media content production and dissemination over broadband networks.
Since its inception in 1997, EVEN has developed its next generation
general-purpose still image (PSI_X™), video (PSI_V™) coding
engines, and a number of commercial systems including a human facial
image coding system, a digital media coding studio and a IP-network
television content dissemination system.

Any Content Any Where Any Time

On Behalf of the Board of Directors:

Donald R. Sheldon, Chairman

Copyright (C) 2005 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 Corporation. 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Even Technologies Inc. - Press/Analyst Contact
    Nick Ringma
    (604) 689-1858
    or
    Even Technologies Inc.
    Donald R. Sheldon
    Chairman
    (604) 687-2038
    (604) 687-3141 (FAX)
    www.eventechnologiesinc.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.