SOURCE: Praebius Communications, Inc.

November 17, 2008 07:30 ET

Praebius Communications, Inc. Announces the 2nd of More Than 50 Contracted Ad Systems Installations Being Completed This Week for Almega Cable

SANTEE, NC--(Marketwire - November 17, 2008) - Praebius Communications Inc. (PINKSHEETS: PRCM) is pleased to announce that its Ad Systems Unit has deployed one system for Almega Cable to date and is in the process of completing the second ad systems installation this week in Santee, North Carolina. The cable system has already booked ad revenue going into the 4th quarter on networks such as TNT, SPIKE, CNN and Fox News.

Bob Hall, Chairman, said, "Praebius Communications Inc. is deploying its first system in North Carolina this week with many more to come. Our goal is to have a minimum of 100,000 subs in each state or region and we feel that this is a good start for us in North Carolina. Ad Systems Revenue grows with each subscriber and every cable system and will continue to grow as we deploy more systems and gain advertisers."

Martin Alcock, C.T.O., said, "We are looking to cluster many smaller cable systems in specific regions to garner larger regional advertiser dollars here in North Carolina in a way that is similar to our accomplishment in Kentucky. We have nearly 400 systems to deploy and hope to finish our first build out year completing close to 300,000 of our 1.5 million contracted subscribers. We are focused on building clusters of cable subscribers where we have established systems which will magnify our per-subscriber revenue and minimize our cost. Our own traffic and billing system addige.net can manage this kind of system structure as it can operate many small systems separate or together."

About Praebius Communications, Inc.

Praebius is a digital media and video communications Company. It develops and deploys Ad Insertion and streaming media technology into the cable TV, Satellite and IPTV markets.

For additional information, please visit: www.adsystemscatv.com, www.praebius.com or www.goldenboards.com.

Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.

Contact Information

  • Contact: Praebius Communications, Inc.
    (971) 239-4166
    Investor Relations: Alexander Lindale LLC
    696 West 1st Ave. Suite #1, Midvale, Utah 84047
    801-568-0336