SOURCE: Praebius Communications, Inc.

December 22, 2008 12:15 ET

Praebius Communications, Inc. Announces Year System Growth and Signed Cable TV Contracts in Excess of Expectations

SALEM, OR--(Marketwire - December 22, 2008) - Praebius Communications, Inc. (PINKSHEETS: PRCM) is pleased to announce that its subsidiary, Ad Systems, booked growth of 239,400 new subscribers for 2008. Further, Ad Systems has also signed contracts for 1,256,000 additional subscriber installations in 2009. Revenue for the last quarter of 2008 exceeded the previous quarter's revenue. Ad sales continue to be strong going into the first quarter of 2009.

Bob Hall, Chairman, said, "Our Ad Systems unit's growth will continue to expand in 2009 as cable system operators look to us as a partner who brings additional revenue opportunities as opposed to increased expenses. Advertisers have found our system creates a unique ability to reach market specific eyeballs."

Martin Alcock, C.T.O., said, "We plan to roll out several hundred systems in 2009 to fulfill our current contract backlog, not to mention 300,000 new subscriber installations we expect to ink in January. The demand in year one was five times greater than anticipated so this year we have yet to set a limit on our system growth. Our own traffic and billing system, addige.net, recently completed upgrades reducing data entry time by nearly 60% allowing us to handle the added volume quite nicely."

About Praebius Communications, Inc.

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

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

Safe Harbor statement under The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations and/or future results 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. The Company assumes no responsibility to provide updated or further information regarding changes in anticipated or actual results, or otherwise, with regard to anything mentioned in this press release.

Contact Information

  • Contact:
    Praebius Communications, Inc.
    (971) 239-4166