New Office to Market MediaREADY Products to Europe, Middle East and Africa
FT. LAUDERDALE, FL '” (April 6, 2005) '” Video Without Boundaries, Inc. (OTC: VDWB), a leading provider of interactive, media-convergent home entertainment devices, today announced the forming of a United Kingdom (UK) subsidiary to develop wholesale and retail distribution opportunities for its MediaREADY™ broadband media devices. With the opening of a UK office, VWB plans to exploit the fast-growing demand for entertainment devices in broadband-equipped homes throughout Europe'”at market equal in size to that in the United States.
VWB's MediaREADY product line includes the MediaREADY 4000 digital media center, MediaREADY 5000 advanced digital media center, MediaREADY Flyboy portable media center, and MediaREADY x40 digital media receiver. MediaREADY products allow consumers to connect all of today's most popular entertainment and Internet possibilities, making them available anywhere in the home and, in the case of the MediaREADY Flyboy, on the road as well.
'VWB, PLC will be responsible for extending the MediaREADY line to consumers throughout Europe, Middle East and Africa," Jeffrey Harrell, CEO and president of VWB. 'We've chosen to base our EMEA operations in the UK because that market has been the leader in digital TV technology deployment. That, combined with the strong broadband presence across Europe, makes this region fertile territory for MediaREADY products."
According to respected market research firm IMS Research, total numbers of broadband subscribers in EMEA already outpace that in the Americas, and will continue to grow at a faster rate over the next four years. By 2009 the firm estimates nearly 130 million EMEA households will have broadband access, compared to roughly 100 million subscribers in the U.S.
Products Ready
The VWB MediaREADY line has already found strong distribution in the U.S. at such top-name retailers as CompUSA and TigerDirect. The company is currently in the process of producing new versions of its devices to facilitate similar success in Europe. These new models will offer appropriate European power connections, PAL and DVD multi-region support, as well as SCART (Syndicat des Constructeurs d'Appareils Radiorécepteurs et Téléviseurs) connectivity. VWB expects to be shipping these products in late Q2 of 2005.
About Video Without Boundaries:
Video Without Boundaries (OTC: VDWB) is a leader in digital media-on-demand, enhanced home entertainment, and interactive products that connect people simply. VWB is focused on delivering flexible Consumer Electronics-based products and services that are affordable, easy to use, and simple to understand. For more information, visit www.vwbinc.com.
Forward Looking Statements:
Forward-looking statements and comments in this document are made pursuant to the safe harbor provision of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to increase the level of sales, maintain current sales levels, add new products and services and develop new Web sites are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including risks related to the demand for the company's products and services competition, and availability of capital.
MediaREADY and Video Without Boundaries are trademarks of Video Without Boundaries, Inc. All other trademarks or registered trademarks are the property of their respective owners.
Source: Video Without Boundaries
