SOURCE: Connected Lyfe

October 19, 2010 06:00 ET

Lyfe Communications Completes Agreement to Acquire Television Broadcast Rights

SALT LAKE CITY, UT--(Marketwire - October 19, 2010) - Lyfe Communications, Inc. (OTCBB: LYFE) Connected Lyfe, (http://www.connectedlyfe.com/company_investors.shtml) provider of converged network services for the first truly integrated TV, high-speed Internet and enhanced home phone services, today announced the completion of an agreement to acquire Television Broadcast rights from the Utah Telecommunications Open Infrastructure Agency "UTOPIA." The Company's television service includes local and basic cable network channels, a premium or extended channel package and individual add on channel packages.

According to Lyfe's CEO, Robert Bryson, "We differentiate ourselves from traditional cable and satellite, we believe, through our next generation technology development, which uses the functionality of our set top boxes and software to provide the consumer more of an interactive feel and mesh the Internet and TV. In addition to the meshing of the Internet and TV technology development, the mobility of our developing product offerings helps differentiate us from the traditional cable and satellite operators. Given the size and resources of the traditional satellite and cable operators, the ability to differentiate our products is very important."

Lyfe continues to deliver all IP "triple play" HD Television, Digital Voice, and Ultra High Speed Internet access across Utah's Greater Salt Lake Valley. Our network provider, Utopia continues to accelerate deployment of fiber to the home for member cities into each municipal fiber networks. Utopia also recently received over $16 million in federal stimulus funding which further accelerates the serviceable business and residences Lyfe can serve. Lyfe now owns its own IP Voice, TV, and Data Access and Platforms and Network.

Beyond municipal fiber communities Lyfe is expanding service to over 80 multi-family communities representing over 25,000 new residential units "on-net" to the Lyfe IP network and services. Each property is being turned up on full Fiber interconnections. Lyfe continues to expand the business development pipeline of communities ranging from Universities, Private Community HOA's and leading Multifamily Property Management Groups.

Next Generation Service Innovation
Lyfe's R&D teams continue to build, test, and pilot the full foundation of our all IP next generation "TV Anywhere" technologies and systems, with commercial deployment slated for end of Q1 2011. We continue to operate and extend our current generation all IP services to an expanding base of subscribers and networks, which will be readily migrated onto the next generation platform and services.

Addressable Market
Lyfe recently announced the Company's expansion into Texas, Arizona, Washington, and California. These markets beyond the Wasatch Front in Utah represent hundreds of new high-density communities across which Lyfe can deliver services into over 1,500,000 residential units. In addition to these reachable communities Lyfe is also developing flexible partnership operating models with existing TV and Network Operators seeking to replace legacy TV providers like Cable and Satellite offerings with more advanced and competitive than the analog/digital services available today.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding; our beliefs about the Company's products and services, the development of new and innovative technologies and industry in general. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended June 30, 2010, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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