SOURCE: Wi-Fi TV Inc.

December 18, 2007 09:53 ET

With Striking Writers in Talks to Launch Web Start-Ups, Wi-Fi TV Webcast and Conference Call Set for This Friday

Wi-Fi TV to Offer Partnerships to New Hollywood Start-Ups and Global Equal Partner Distribution

HOLLYWOOD, CA--(Marketwire - December 18, 2007) - The Los Angeles Times reports in a December 17 cover story by Joseph Mann that "At least seven groups, composed of members of the striking Writers Guild of America, are planning to form Internet-based businesses that, if successful, could create an alternative economic model to the one at the heart of the walkout, now in its seventh week."

Wi-Fi TV (PINKSHEETS: WTVN), an independent Internet company that is based in Southern California and delivers live, recorded and on-demand interactive TV to a global audience (including China), announced today that it will host a webcast and conference call this Friday (10 AM Pacific time, December 21, at www.Wi-FiTV.com and over the phone at 712-432-2323 Access code 677667#).

According to the Times, "Three of the groups are working on ventures that would function much like United Artists, the production company created 80 years ago by Charlie Chaplin and other top stars who wanted to break free from the studios."

"Wi-Fi TV will appeal to the Hollywood creative community to distribute their content on the next generation of Wi-Fi TV which will be launched in 2008, and also will discuss in general terms the partnerships it will offer to new web start-ups that are created for the purpose of distributing original professional entertainment content," said Alex Kanakaris, Chairman/CEO, Wi-Fi TV Inc.

According to the L.A. Times article, "The Writers Guild is fighting the major studios over how much their members are paid when their work is distributed online.

"Silicon Valley investors historically have been averse to backing entertainment start-ups, believing that such efforts were less likely to generate huge paydays than technology companies. But they began considering a broader range of entertainment investments after observing the enormous sums paid for popular Web video companies, including the $1.65 billion that Google Inc. plunked down last year for YouTube, a site where users post their own clips.

"They also have been emboldened by major advertisers, which prefer supporting professionally created Web entertainment to backing user-generated content on sites such as MySpace that can be in poor taste."

"I'm 100% confident that you will see some companies get formed," said Todd Dagres, a Boston-based venture capitalist who has been flying to L.A. and meeting with top writers for weeks. "People have made up their minds."

"Wi-Fi TV Inc. has the technological expertise, the global delivery platform and the creative vision to be a leader in direct to consumer distribution of content," said Mr. Kanakaris of Wi-Fi TV Inc. "To get a feel for our vision of the future of Hollywood go to www.WritersVoiceTV.com," he added.

PARTICIPATION WITH Wi-Fi TV Inc.

Hollywood talent may contact Wi-Fi TV directly for confidential discussions on content distribution and partnerships by calling Colby Marceau at 949-716-9397. Only serious inquiries from established content producers will be accepted.

About Wi-Fi TV

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.

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