IP2-TV Inc. Launched, First
IPTV Solution On 2 Mbps Consumer Line
Other Topics: IPTV Service
Platform, NFL IPTV
eWorldWire
April 5, 2007
Seeks First External Financing
Sherman Oaks, CA -- IP2-TV, Inc., the people who offer a complete
IPTV/VOD solution over a 2 Mbps consumer line, announced its launch
today. The company is preparing to release its first IPTV solution
using a Motorola set-top box shortly and is raising its first round
of external financing.
IP2-TV, Inc. expects to release its first product late this summer.
IP2-TV's service is different from those of its competitors because
it has developed a compression algorithm that allows delivery of a
quality signal on a 2 Mbps (IP2-TV has streamed a high quality SD
video at 1 Mbps) consumer DSL/cable line, allowing its service to
reach a wider audience. People who have a problem with lack of
content on cable and/or satellite, can now benefit from a new IPTV
solution that provides unlimited channels of content along with
Video On Demand (VOD). |
Other advantages of iP2-TV's solution
are:
- The system works on a 2 Mbps
consumer DSL/Cable line with excellent quality.
- A High Definition version will
be in Beta testing this summer.
- The unit is a small set-top box
size which allows for portability - users can watch movies in
hotels with DSL for cheap.
The company seeks $1 million in
seed financing that will convert to equity once the Series A round
commences. The Series A round is planned for late 2007 or early 2008
and will target between $20 million and $30 million.
The company's executive team includes Richard D. Williams, founder
and CEO; and Lisa B. Radamaker, Vice President.
"There are many people floating around IPTV/VOD solutions, but no
one has developed a solution that delivers a quality signal on a 2
Mbps consumer DSL/cable line which offers an IPTV solution to most
consumers," said Richard D. Williams, founder and CEO of iP2-TV.
"Microsoft Chairman Bill Gates said at the World Economic Forum in
Davos, Switzerland that the Internet will revolutionize television
within five years, because TV is moving into being delivered over
the Internet - and some of the big phone companies are building up
the infrastructure for that." (Informitv.com, January 28, 2007)
According to industry analyst, iSupply Corp., the number of
worldwide subscribers for Internet Protocol TV (IPTV) is expected to
rise at a compound annual growth rate (CAGR) of 92.5 percent from
3.9 million in 2006 to reach 103 million in 2011, as the competition
heats up for the delivery of bundled voice, Internet and
entertainment services.
About iP2-TV
IP2-TV, Inc. is a Nevada C Corporation formed in 2007 to license
the iP2-TV technology in North and South America . IP2-TV will be
looking to partner with ISPs, telcos and cable providers.
To reach iP2-TV for a free brochure, call 818-926-4499 or write to
iP2-TV, Inc. at 4645 Van Nuys Blvd., Suite 103, Sherman Oaks , CA
91403 or visit 'http://www.iP2-TV'. |
