SOURCE: WWEBNET, Inc.

WWEBNET, Inc.

October 06, 2009 10:21 ET

NICAL Sports & Media Inks Agreement With WWEBNET

MCLEAN, VA--(Marketwire - October 6, 2009) - NICAL Sports & Media Group, Inc. is pleased to announce today that it has entered into an advisory engagement with WWEBNET, INC. (PINKSHEETS: WWEB) to provide strategic advice on programming, acquisition and licensing in the sports and entertainment industries.

NICAL's management has over two decades of experience with high profile sports and entertainment properties. Kevin Wynne, NICAL's founder, was formerly Vice President of Sports & Consumer Sales for Madison Square Garden and previously worked in several executive positions for IMG, one of the world's leading talent and licensing agencies, including Director of Client Retirement Planning and President of IMG Boxing, a new division founded by Wynne -- where he signed World Heavyweight Champion Evander Holyfield to an exclusive marketing representation agreement.

"Kevin Wynne's background and experience in event marketing, strategic planning, as well as his intimate knowledge of entertainment properties, will be incredibly helpful to our company," said Robert Kelly, CEO of WWEBNET. "His relationships with executives, content owners and talent are extensive. Furthermore, having worked for Cablevision and negotiated closed circuit and pay-per-view distribution deals, Kevin has unique knowledge of the limitations inherent to the world's existing cable and satellite distribution networks -- key targets of WWEBNET, Inc."

WWEBNET technology allows content to be directly delivered over the world's cable, satellite and Internet networks, straight to a targeted computer or device. WWEBNET doesn't "stream" content but delivers content in its entire original length, avoiding the hiccups and interruptions typically associated with streaming-based Web sites. This is made possible because WWEBNET essentially converts a hard drive into what could be compared to a smart DVR -- enabling it to store, record, pause, replay and even limit the pricing, availability and number of times content can be viewed, heard, or length of time it can be stored.

"WWEBNET's software broadcast technology allows automatic and direct delivery of audio and video over the Internet, via a secure two-way, software communications channel. This capability provides a massive sea-change in the number of options and opportunities for content owners, major event marketers and artists, worldwide, to increase their revenues and consumer reach. The delivery system is fast and markedly similar to a cable or satellite network, without the infrastructure cost. It is clearly a next generation delivery system," said Kevin Wynne, NICAL's CEO.

About NICAL

NICAL provides event management and global media consulting services to major sports promoters. NICAL's broadcast distribution deals include pay-per-view license agreements with U.S. and foreign distributors, license agreements with U.S. and foreign premium cable networks and satellite channels, and closed circuit distribution agreements with international distributors. NICAL also advises sports and entertainment companies on strategic business initiatives, including the exploitation of film libraries, the development of new media outlets, contract negotiations with professional athletes and sports venues, and marketing and public relations strategies.

About WWEBNET

WWEBNET ("World Wide Electronic Broadcast Network"), Inc. (PINKSHEETS: WWEB) provides powerful solutions to content owners and entertainment companies worldwide for direct-to-customer delivery of licensed music, film, video and proprietary content. Headquartered in New York City, WWEBNET is a broadcasting technology and network which delivers high-quality video and audio directly to users PCs and portable devices, via the World Wide Web, regardless of line speed. It is an intelligent, two-way communication network which interactively and automatically allows users to retrieve and receive desired content in up to DVD quality. The WWEBNET Operating System provides companies with the ability to create and brand their own worldwide broadcast channels, providing complete turnkey e-commerce, content management and advertising systems, along with a comprehensive database management component, empowering content companies with a robust targeted marketing capability. ©2009 WWEBNET, Inc.

Certain statements contained in this press release issued by WWEBNET that are not historical facts are "forward-looking" statements and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, included in this press release, are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by the management of the Company. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When used in this press release, the words "believes," "potential," "capability," and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales. The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes and the effect of economic conditions.

Contact Information

  • CONTACT:
    Kevin Wynne
    CEO
    NICAL Sports & Media Group, Inc.
    +1 917 796-1198

    Robert Kelly
    CEO
    WWEBNET, Inc.
    +1 917 553-0030