VoIPMDU.COM Completes Purchase of Online Live Sports17 March 2005
VoIPMDU.COM (Symbol: VPMD - Pinks) (www.voipmdu.com) announced today that it has completed its Letter of Understanding with INSINC, Vancouver, B.C., and has acquired a 100% interest in an online website providing live and on-demand sports events via streaming video webcasts.
The website, www.liveplaybyplay.com currently offers live webcast and on demand pay-per-view facilities to a wide variety of sports organizations, including ten junior hockey teams, nine horse racing venues, the Vancouver Whitecaps Soccer Team, the Coquitlam Adanacs Lacrosse Team, various university sports teams and several national events such as the Challenge Cup and National Baseball Championships.
"The acquisition of Liveplaybyplay.com fits perfectly into our original plan of offering comprehensive VoIP packages in voice, video and data to consumers and business owners in North America and around the world," stated Richard Kipping, Chairman and CEO of VoIPMDU.COM. "The strongest breakthrough sector within the VoIP industry is the sports subscription business where pay-per-view streaming has become the king," he added.
According to Stat/MDR Research, North American subscribership to online video services is growing at a rate of 50% per year, and by 2007, more than 9 million North American subscribers will pay monthly for digital services. In all, streaming video is projected to generate nearly $400 million in revenue this year and over $ 3.3 billion by the year 2007 in North America.
VoIPMDU.COM will expand its sports streaming video market into several levels of professional and amateur sports, with a focus on junior hockey, which is presently enjoying a massive new fan base with the NHL lockout providing a source of revenue to cash-strapped sports groups. The Company is now in discussion with several junior hockey leagues in western Canada, amateur boxing venues and regional baseball leagues that have virtually no media coverage.
VoIPMDU.COM's joint venture partner, INSINC (www.insinc.com) will provide all the backup services required including broadcasting setup, administration, tech support, help desk functions, customer contact and installation setup.
To head up its wholly owned subsidiary, the Company has appointed Paul Davey as its President. Mr. Davey has extensive experience in the sports marketing industry with a background of more than ten years in advertising and promotion with the Vancouver Canucks, the B.C. Lions Football Team and the Vancouver Whitecaps Soccer Team.
VoIPMDU.COM is a broadband VoIP telecom company offering local and long distance VoIP services, pay-per-view and video on demand to consumers, business owners and multiple dwelling unit buildings. The Company provides turnkey solutions for all of its voice/video/data applications including a state-of-the-art billing platform. For more information call Richard Kipping at (604) 721-0100 or Paul Davey at (604) 669-2850.
Safe Harbor:
The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. Some information including this press release contains statements that are forward-looking. Such forward-looking information involves significant risks and uncertainties that could affect anticipated results in the future and accordingly, these results may differ materially from those expressly any forward-looking statements made by or on behalf of the Company.
Contacts
VoIPMDU.COM
Richard Kipping, 604-721-0100
or
Paul Davey, 604-669-2850.
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Voip Articles
|
