SOURCE: Wi-Fi TV Inc.

January 31, 2008 09:47 ET

Wi-FiLiveBuy™ Technology to Power MyWi-FiPrice.com Internet Wi-Fi TV Auctions

Multi-Billion Dollar Online Auction Industry, Infomercials and Live Internet TV Converge

NEWPORT BEACH, CA--(Marketwire - January 31, 2008) - Wi-Fi TV Inc. (PINKSHEETS: WTVN) announced today that it will utilize new Wi-FiLiveBuy™ technology, being developed exclusively for Wi-Fi TV by Consolidated Streaming Inc., to power a new portion of the www.Wi-FiTV.com global distribution platform.

Bringing the proven Internet TV delivery of Wi-Fi TV, which already includes hundreds of TV channels with live chat capability and the availability of infomercials, to the multibillion dollar online auction industry, is "an exciting next step for Wi-Fi TV, which Consolidated Streaming is proud to be a supplier of cutting edge technology for," according to Keith Friedman, President, Consolidated Streaming, Inc.

Got-Art.US was granted a limited time first option to obtain exclusive marketing access to Wi-Fi TV Auctions, and a final determination by Got-Art.US and Wi-Fi TV Inc. whether the option is exercised, which includes minimum purchase requirements of Wi-Fi TV Stations by Got-Art.US for a two year period, will be made within two weeks.

Based on the interest in companies to host Internet auctions linked to purchased Wi-Fi TV Stations, Wi-Fi TV will become the first ever web site with the integrated ability to host live eCommerce auctions with video and a shopping cart. The Company has secured the URLs www.Wi-FiLiveBuy.com and www.MyWi-FiPrice.com and these URLs are already pointed to the Wi-Fi TV web site.

"With AllGolfTV.com as our Golf Internet TV partner, and potentially with Got-Art.US as our Wi-Fi TV auction partner, Wi-Fi TV is off to a fast start in 2008 to develop and market an expanded www.Wi-FiTV.com on a global basis, with an attention on revenue generation from Wi-Fi TV station sales, video and banner ad sales, and product sales," said Alex Kanakaris, Chairman, Wi-Fi TV Inc.

On Tuesday, February 12 at 9 AM Pacific time, 12 Noon eastern time, Wi-Fi TV Inc. will host a webcast at www.Wi-FiTVNewsblog.com detailing its plans for Wi-Fi TV Auctions and the launch of MyWi-FiPrice.com.

ABOUT WI-FI TV INC.

Wi-Fi TV™ is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995.

Wi-Fi TV Inc. provides Social Internet TV™, a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.

The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a free dialer and make phone calls and host live video parties all on one website.

The Company was launched in 1995 and has been publicly traded since November 1997.

For information on purchasing a Wi-Fi TV Station send an email to info@wi-fitv.com or call 949-576-5011.

For press relations, contact Colby Marceau, 949-716-9397, info@wi-fitv.com.

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.

Contact Information

  • Contact:

    For press relations for Wi-Fi TV call:
    949-716-9397
    Wi-Fi TV Inc.
    3434 Via Lido #300
    Newport Beach, CA 92663
    info@wi-fitv.com