Global Triad, Inc. Announces Successful Video-On-Demand Test Over IP-Based Private Network14 June 2005
GLOBAL TRIAD, INC. (Other OTC:GTRD.PK - News) today announces that Global TV, Inc. (GTV), a wholly owned subsidiary of Global Triad, has successfully completed phase one testing of its Video-On-Demand (VOD) technology over an IP-based Virtual Private Network (VPN). GTV has begun procedures to start phase two that will test the VOD technology using the high-speed wireless broadband system developed by Global WiFi Plus, Inc. (GWP), another wholly owned subsidiary of Global Triad.
GTV is working closely with InfoValue Computing, Inc. (www.infovalue.com) and has recently completed the installation of the new InfoValue software and hardware for Video On Demand streaming. GTV and GWP are working together to complete the phase two tests using the wireless platform to the Ocean Manor hotel located in Fort Lauderdale and other select markets within GWP's South Florida wireless network.
Mr. Gene Kerry, President of Global TV, and Anthony Mellone Jr., Executive Vice President of Global Triad, Inc., shared this statement, "This is very exciting for Global Triad and its subsidiaries; the potential revenues that can be generated with Video On Demand are in the millions with film and video designed for streaming in the entertainment and Internet markets."
About Global TV, Inc.
Global TV, Inc. is a full production service with postproduction facility and service access provider specializing in Television & commercial productions, web designs and Internet activation connectivity service for E-mail and web hosting. Global TV is also converting videos to MPEG-2 format using a Video On Demand streaming technology standard with video security.
About Global Triad
Global Triad Incorporated (GTI), trading on the Over The Counter Pink Sheets under the symbol GTRD, is a holding company with its headquarters in Ft. Lauderdale, Florida. It is the Company's intent to become a leading force in the digital communications sector through a combination of organic growth and mergers or acquisitions of complementary businesses. At this time, GTI owns and operates three subsidiaries, Global TV, Inc. (GTV), Global WiFi Plus, Inc. (GWP), and Global Telco, Inc., all Florida Corporations. The primary business of GTV is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system and TV Production utilizing both Internet Protocols (IP) and proprietary digital devices. The primary business of GWP is the installation, operations, and customer support of Global's next generation 802.11 "WiFi Plus" wireless high-speed broadband technology. The primary business of Global Telco, Inc. is to manage the sales, marketing, and support of GTI's telecommunications and VoIP products. The company will offer over wireless high-speed networks a "Triple Play" consisting of Voice over Internet telephony (VoIP), high-speed Internet data delivery and true Video-On-Demand (VOD). Both the Internet and VOD will be accessible through the consumer's television. The VOD content will appear at 30 frames-per-second, the industry standard for television.
Safe Harbor
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Global Triad, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Global Triad and Global TV, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
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Company web site:
http://www.globaltriad.net
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Source: Global Triad, Inc.
Source: Market Wire
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