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Press Release Source: Video Without Boundaries
Video Without Boundaries and CAC Media Announce a Strategic and Commercial Partnership
Wednesday January 29, 10:20 am ET
Video Without Boundaries Acquires Brokenremote.tv and Takes an Initial 6.7% Stake in CAC Media With Option for Further Investment
FORT LAUDERDALE, Fla., Jan. 29 /PRNewswire-FirstCall/ -- Video Without Boundaries (OTC Bulletin Board: VDWB - News) announced today that it has acquired all assets of Brokenremote.tv, a privately held on-line publisher and subsidiary of CAC Media Inc. Brokenremote.tv publishes news and market analytics about the emerging convergence of the Interactive TV & Consumer Electronics, Video On Demand (VOD), & Broadband Internet Entertainment markets.
"By acquiring Brokenremote.tv, Video Without Boundaries will be able to build its brand recognition within this new emerging market and leverage its existing strategic relationships with various streaming media clients and partners as new advertising clients of Brokenremote.tv," said President Jeffrey Harrell.
Brokenremote.tv provides day-to-day news updates on topics such as: ongoing copyright and consumer rights legislation regarding digital media distribution, Video on Demand, Interactive TV, new technology standards and product announcements. Brokenremote.tv has also formed an alliance with SmartMoney.com to provide users with an interactive sector-tracking tool. This tool allows visitors to see instantly which sectors are leading or lagging the broader market and provides simple drop-down menus to select the sector and time period.
The Brokenremote.tv Market Watch (www.brokenremote.tv/marketwatch) has companies weighted by market cap and provides current market data and news for these companies.
Video Without Boundaries will also expand the editorial focus of the publication. "In addition to serving the industry professionals on the ongoing industry convergence of new products and services, we will begin to expand Brokenremote.tv's content for the general consumer market," said Jeffrey Harrell. "These include a Buyers Guide and Product review section and online guide of various Interactive entertainment services catered to emerging technologies such as Interactive TV (ITV), Music, and Video on Demand," said Jeffrey Harrell.
In addition to the acquisition of Brokenremote.tv, the company has also made a strategic investment in CAC Media. Video Without Boundaries invested cash and issued 500,000 shares of restricted common stock to complete the transaction. CAC Media, a privately held corporation, specializes in interactive consumer electronics software development, digital rights management, and digital media distribution infrastructure. "CAC Media has been very instrumental in our ongoing progress of launching new products and services within the emerging interactive consumer electronics markets," said Jeffrey Harrell. "We look forward in working with their unique patent-pending software and technology as we began to launch our new products and services to the market."
About VWB
Video Without Boundaries (OTC Bulletin Board: VDWB - News) is a leader in the converging digital media on demand, enhanced home entertainment and emerging interactive consumer electronics markets. VWB is focused on home entertainment media products and solutions that enhance the consumer experience, while providing new revenue opportunities for online music and movie content providers. VWB, and its subsidiaries, are leading suppliers of broadband products, services and content including its ability to deliver broadcast quality digital video and web interactivity at transfer rates as low as 56K.
About Brokenremote.tv
Your Online Resource for Interactive TV & Consumer Electronics, Video On Demand (VOD), & Broadband Internet Entertainment Convergence. Brokenremote.tv supports the ongoing convergence between the Consumer Electronics (CE) and Personal Computing (PC) industries.
About SmartMoney.com
SmartMoney.com (www.smartmoney.com) is an investment news, tools and advice Web site. It is known not only for objective, top-notch reporting, but also for its proprietary interactive tools, which have received much critical acclaim. SmartMoney.com won a National Magazine Award in 2001 for Best Interactive Design. SmartMoney.com licenses its award-winning, Java-based applications to many notable financial institutions. The company also offers SmartMoney Select (www.smartmoneyselect.com), a subscription-based Web site designed to fit the needs of sophisticated investors who need the most in-depth financial and market information available to make smarter business, financial and investment choices. SmartMoney is a joint venture of Hearst Communications, Inc. and Dow Jones & Company (NYSE: DJ - News; dj.com).
Press Contact:
Steve Simon for Video Without Boundaries, Inc.
847-955-7730, ext. 237
info@vwbinc.com
This release was issued through eReleases.com - Your Source for Affordable PR. For more information, visit ereleases.com.
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Source: Video Without Boundaries |
