SOURCE: OJsys, Inc.

August 15, 2007 09:53 ET

OJsys Announces Its Digital HDTV Set-Top Box Device Available in Southern California Retail Stores

SAN FRANCISCO, CA--(Marketwire - August 15, 2007) - OJsys, Inc. (PINKSHEETS: OJSY), a developer and manufacturer of home media technologies, including a Digital HDTV Set-top Box, announced today that it has successfully contracted with Pegasus International to provide the device at retail outlets in Southern California. Pegasus International paid OJSY $130,000 as an initial payment for distributing OJSY's Digital HDTV Set-top Boxes.

The device was manufactured to allow television sets that previously picked up only analog signals, to receive digital signals, meaning that analog televisions can now be viewed in HDTV. In February 2009, a recently enacted law will come into effect that mandates that all television signals use digital signals. Without OJSY's device, millions of analog television sets would become useless.

Isaac Jung, President of Pegasus International, said, "We are excited to complete this contract with OJsys for their Digital HD device. We know there is a tremendous need for a quality HD Digital Set-top Box, and the need will increase as time goes by. OJsys always manufactures superior products that we are glad to bring to our consumers."

Furthermore, CEO of OJsys, Henri Joubaud, said, "The Southern California market is very important to us, in light of the fact that it is one of the most diverse markets in the U.S. There are Cable TV programs for the Hispanic, Indian, Korean, Japanese and Chinese demographics, and the conversion to a digital signal using our device will be made easier for each and every person."

About OJsys, Inc.:

OJsys, Inc. (PINKSHEETS: OJSY), established in April of 2000, develops and manufactures various broadcasting receivers/set-top boxes, i.e. satellite receivers, terrestrial receivers, IP set-top boxes, receiver-plus-DVD-RW combos, etc., and media center PC devices such as satellite receivers and digital recording (PVR) functions. OJsys markets its products to its customers in Europe, Japan, the Middle East, Asia and the U.S. More information about OJSY is available at www.OJsys.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the safe harbors created thereby. These forward-looking statements are based on current expectations and projections about future events and financial trends. The words or phrases "believe," "will," "expect," "should" and similar words or expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. The forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among other things, a concentration in the Company's revenue from certain services and clients, a limited backlog, the Company's ability to expand its markets, limited financial resources, dependence on key personnel, the integration of acquired businesses and competitive market conditions. These are representative of factors which could affect the outcome of the forward-looking statements. In addition, such statements could be affected by general industry and market conditions and growth rates, general domestic and international economic conditions and future incidents of terrorism or other events that may negatively impact the markets in which the Company competes. The Company undertakes no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

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