NS8 Corporation
OTC Bulletin Board : NSEO

NS8 Corporation

June 05, 2006 09:29 ET

NS8 Corporation: iWave to Provide IPTV and PC Interactive on Demand to ReelTime Media Ltd. of Australia

LOS ANGELES, CALIFORNIA--(CCNMatthews - June 5, 2006) - NS8 Corporation's (OTCBB:NSEO) entertainment network division, iWave Interactive Systems, has entered into a Licensing Agreement with ReelTime Media Ltd. (ASX:RMA) to provide IP Television and PC interactive on demand systems for the Australian market. In addition to receiving license fees for an initial 400,000 consumers for both IP Television and PC Interactive, iWave will share in the lucrative television and PC advertising revenues derived from the ReelTime service.

The current Australian market has a broadband population of approximately 2,850,000 with an adoption rate of more than 20,000 customers a week. ReelTime is expected to rollout their services starting in July 2006, following delivery by iWave, and expect rapid adoption by its existing commercial service providers.

John Karantzis, Managing Director of ReelTime - "We have explored several other solution providers and found iWave to be the most consumer appealing and commercially flexible system to handle our media assets and service our customers. We are in the middle of a very dynamic evolution in this digital industry and the solution that has the capability of rapidly reaching out to a consumer and capture its attention through appeal and simplicity will win."

Carl Segal, Executive Vice President of NS8 - "ReelTime has the definite expertise and industry backing to become a significant leader in the Australian market within a short period of time. We are pleased to have been selected as their commercial technology provider for their digital entertainment strategy."

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 TV via Set Top Box, following launch. ReelTime brings a variety of on-demand entertainment directly to consumers over existing broadband networks. ReelTime has been developing its video-on-demand 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. ReelTime 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 80 ISPs to better access its services.

ReelTime provides an integrated solution for ISP and Telco partners, and will offer services to the public via a digital IP-based set-top box, as well as offering PC download and streaming services. ReelTime has signed a 10 year agreement with NEC Business Solutions, worth up to $13,000,000, for the provision of digital entertainment services on Hamilton Island. ReelTime is majority owned by an Australian unlisted public company, Movies Online Ltd, which includes on its share register Sony Pictures Entertainment and ACE Cinema Group as substantial shareholders. Further information on ReelTime can be found at, http://www.reeltime.tv.

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 (www.iwave.tv) 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.


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