NS8 Corporation
OTC Bulletin Board : NSEO

NS8 Corporation

October 30, 2006 08:30 ET

iWave and ReelTime.tv Provide First On-Demand Movie Service to Yahoo!7 of Australia

LOS ANGELES, CALIFORNIA --(CCNMatthews - Oct. 30, 2006) - NS8 Corporation's ("NS8") (OTCBB:NSEO) entertainment network division, iWave Interactive Systems ("iWave") provides its iWave PC-TV interactive technology to the first exclusive television and movie broadband download service in Australia. As previously announced on June 5, 2006, iWave entered into a multi-year Licensing Agreement with Australian stock exchange listed ReelTime Media Ltd (ASX:RMA). ("ReelTime.tv") to provide PC interactive on demand systems for the Australian market.

On August 9, 2006, ReelTime.tv announced an exclusive television and broadband download service with Yahoo!7 of Australia. iWave will provide the core consumer interface, essential back end content and report management system that will enable both ReelTime.tv and Yahoo!7 to efficiently manage their content offerings to Yahoo!7 consumers. In addition, both ReelTime and Yahoo!7 will greatly benefit from real-time reporting for each transaction providing each service with accurate individual consumer data on a moment to moment basis.

According to the ReelTime press release on August 9, 2007, Ian Smith, CEO at Yahoo!7, purports that the new agreement will benefit from increased broadband penetration, rich media consumption and further strengthens Yahoo!7's existing entertainment offering. ReelTime has over 1,500 hours of feature length movie and television content from major studios that will compliment Yahoo!7's existing 9,200 videos. Yahoo!7 currently streams 3.2 million videos each month comprising of Music, News, Movies and television for Australian audiences and advertisers.

John Karantzis, Managing Director of ReelTime.tv said, "This deal is a landmark development for ReelTime.tv and we are excited to be bringing broadband TV to Australia with Yahoo!7. ReelTime.tv can now mass market our service to the 5.6 million consumers who use the Yahoo!7 website every month."

Carl Segal, Executive Vice President of NS8, the parent company of iWave, said "We are very excited about being the premiere consumer delivery and management technology to Yahoo!7 via ReelTime. This will demonstrate the next generation in PC and portable consumer entertainment. This will also showcase, for the first time, how a content provider can seamlessly work with a consumer giant, such as Yahoo!7, and have mutually beneficial results which will only serve to enhance their respective business models. We are also excited to expand these relationships within other territories throughout the next year."

The Yahoo!7 movie service is scheduled to launch before the end of this year. Both ReelTime and iWave will participate in the revenue sharing derived from advertising dollars from the Yahoo!7 movie service. ReelTime and iWave have begun planning expansion to other countries by early 2007. Both companies also plan to expand their consumer services by enhancing complimentary content such as mobile games, independent programming and other community driven features by the first part of next year.

ABOUT REELTIME MEDIA LTD.

ReelTime Media Ltd, (ASX:RMA) a wholesale operator of content at the forefront of the IPTV industry, is Australia's first national IPTV operator to offer major Hollywood content to PC and television via both Set Top Box and PC delivery, on an ISP independent basis. ReelTime.tv brings a variety of on-demand entertainment directly to consumers over existing broadband networks. ReelTime.tv has been developing its broadband entertainment system and negotiating with studios since 2000, and has agreements in place with three major MPAA studios, including Sony Pictures, 20th Century Fox and MGM. On July 4, 2006, ReelTime announced the addition of NBC Universal to their roster of major studios and will have available titles such as King Kong, The Inside Man, Into the Blue, Exorcism of Emily, Transporter 2, Cheaper by the Dozen, Rize, In Her Shoes, Fun With Dick and Jane, Underworld 2 and The Producers following local DVD release. ReelTime.tv has already signed and secured access carriage, video server co-location, and bulk SMS distribution agreements with Telstra Corporation and has a peering agreement with PIPE networks allowing over 110 ISP's to better access it's services, including Unwired and Adam Internet.

ABOUT NS8 CORPORATION

NS8 Corporation (www.ns8corp.net) is a Digital Interactive Media Distribution Company that specializes in the development of server-based technologies in the areas of content licensing, digital media publishing and royalty distribution management, including interactive consumer viewing systems for Internet on-demand applications for PC, IPTV and other portable media devices. iWave Interactive Systems is a division of NS8 Corporation that specializes in providing turn-key Broadcast Management Services of digital content over internet enabled networks. iWave combines NS8's proprietary server based technologies for use by content owners, media distributors, and telecommunication companies to provide a powerful solution for processing, publishing, reporting and distributing content to consumers over a PC, IPTV or portable wireless environment.

SAFE HARBOR STATEMENT

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. TRADEMARKS
Consumer Program and Shopping Guide, CPG, Library Distribution Management System, LDMS, NS8, Secure Digital Content Distribution, Security Protocol Integration, SPI, and iWave Interactive Systems, iWaveMedia, AdWave are either registered trademarks or trademarks of NS8 Corporation or its subsidiaries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.


Contact Information

  • NS8 Corporation
    Tim Clemensen
    Senior Vice President
    (604) 677-6994
    (604) 677-7010 (FAX)
    Website: www.ns8corp.net
    or
    Rubenstein Investor Relations, Inc.
    (212) 843-9337
    Email: tclemensen@rubensteinir.com
    or
    AKL Public Relations - Information on ReelTime Media Ltd.
    Anne Lawler
    9212 2185 or Mobile: 0419 018 834
    Email: anne@aklpr.com.au