SOURCE: ITonis Inc

February 26, 2007 03:42 ET

ITonis' Shares Listed for Trading on the NASD OTCBB

PRAGUE, CZECH REPUBLIC -- (MARKET WIRE) -- February 26, 2007 -- ITonis is extremely pleased to announce that the shares in its common stock are now listed for trading on the NASD OTCBB with the symbol (OTCBB: ITNS).

ITonis is a Prague-based developer of cutting edge Video on Demand and Television over IP (IPTV) solutions. ITonis has developed a true Video over IP solution for video content owners and video content distributors that would enable the viewer to see his favorite national or local TV programs from anywhere in the world at his own leisure, either through a set-top box connected to his TV or through a computer. The solution provides semi-real-time IPTV services accompanied with Video on Demand (VoD). VoD opens new distributions channels for movies and series before they've been aired on the conventional channels. The viewer can also use the service as a Virtual Video Recorder. Finally, TV in the Past allows the viewer to see previously aired shows, programs, series and movies whenever he wants to.

ITonis' solution is aimed at for instance Telcos, Internet Service Providers (ISPs) and broadcasting companies as an end-to-end turn-key IPTV/VoD solution. ITonis can also provide an outsourced service for video content owners and distributors. Clients with smaller deployments can also benefit from ITonis' offering, through flexible platform scaling.

MRG research forecasts that the global number of IPTV subscribers will grow from 2.1 Million in 2004 to 27 Millions in 2008, with estimated global revenues from such services exceeding US$15 billion in 2008.

ITonis' solution allows new players such as Telcos and ISPs to tap into a huge Pay TV market, which according to IDC is a market worth more than US$55 billion in the US alone (in 2004). With activities in Europe, the US and China, ITonis is positioning itself in key markets. ITonis' listing is an important milestone for the company to secure the means necessary for the implementation of its aggressive sales strategy into those markets. With its superior solution, ITonis positioned to gain a substantial share of this rapidly growing market.

Thanks to its aggressive approach, ITonis has live working demos in Finland, Spain, Czech Republic and China. This was the next logical step once ITonis product was completed and tested. ITonis is now looking at developing its partnership and distribution agreements to quickly secure some key customers in Europe. ITonis will then expand its focus to the American and Chinese market where it already started to build partnership. ITonis has already reached its target revenue for the first quarter of 2007 and expects to exceed its 2007 revenue estimate of US$320,000, reflecting anticipated deployments and launches. During that time, ITonis will use its R&D capability to launch new services and transform the TV set into a complete entertainment system offering video, music, web browsing, gaming, gambling, shopping, messaging services and all sorts of entertainment. ITonis will enable its customers to offer a whole range of revenue generating services straight to the comfort of the living room, to finally bring the Internet applications to the masses, to a terminal well known: the good old TV set!

Nicolas Lavaud, ITonis' President, comments: "At ITonis, we're all very excited! We have worked long and hard to achieve a public listing of ITonis. Now completed, ITonis will focus on growing its business both organically and through strategic acquisitions of companies with complementary technologies. Additionally, we plan to strengthen our management team so we can cement our already strong global distribution network, and pursue an aggressive sales and marketing strategy for the rapidly growing U.S. and European markets. We have what we believe is an excellent product portfolio and we are working diligently on the development and introduction of additional and complementary product offerings in the months ahead. I believe that ITonis has the potential to grow further through expansions and acquisitions of compatible technologies that will, if completed, position us as market leaders within IPTV and VoD solutions. We're in the best possible position to exploit this rapidly growing market. The prospects simply couldn't be better."

For more information on ITonis, please visit www.itonis.tv or contact Nicolas Lavaud, President, at the address mentioned above.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the value of and anticipated growth of the IPTV and communications marketplace, the timing of completion of any proposed acquisition or marketing and sales plan and other risks, uncertainties and other factors which may cause the actual results, performance or achievement of ITonis Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the company's ability to execute on its marketing plan including developing licensee and reseller partnerships for the sale of its products, risks related to international operations, the company's inability to raise sufficient financing to execute on its business plan, conclusions of economic evaluations, changes in the IPTV, entertainment and communications marketplaces as well as those factors discussed in the section entitled "Risk Factors" in the Form SB-2 as on file with the Securities and Exchange Commission in Washington, D.C. Although ITonis Inc. has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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