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Technology Stocks : PHGI -Perihelion Global, Inc.

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From: creede10/5/2005 8:54:46 AM
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I went to the EON website trying to figure out what the heck they do. Rick Erickson with VWKM said this in the last PR:

We are thrilled to have completed this agreement with OEN - they are an outstanding company and their FISION service is going to run circles around the older cable operators in the coming decades," said Rick Erikson, New Screen TV's General Manager. "Houston is the 10th largest DMA (market) in the U.S., and Dallas/Ft. Worth is the 7th largest, so we have now achieved one of our prime goals in securing the best possible distribution for New Screen TV in multiple top-ten metro areas."

FOR IMMEDIATE Release
OPTICAL ENTERTAINMENT NETWORK LAUNCHES LARGEST
FTTH IPTV DEPLOYMENT IN US, OFFERING OVER 400
CHANNELS OF CONTENT TO 1.6 MILLION HOMES IN HOUSTON
Delivers Minimum 10 Mbps Symmetrical Internet to Subscribers’ Homes
along with Other Innovative Broadband Applications
Las Vegas, NV – October 04, 2005 - Optical Entertainment Network (OEN)
announced today their plans to deploy fiber-to-the-home (FTTH) to 1,600,000
households in Houston, Texas, the 10th largest television market in the U.S. The
company, who has partnered with leading European and North American
vendors and plans to launch its United States service offering in December 2005
and begin European operations in Q2 of 2006.
The company has designed the first truly integrated IPTV service for Video, 10 to
100 Mbps Internet, Voice, Video-on-Demand (VOD) and other broadband
applications such as, home security, videoconferencing and telemedicine. OEN
has acquired programming agreements for IPTV distribution from top
programming television networks and will deliver over 400 television channels,
including 50 plus channels of High Definition Television (HDTV) to subscribers.
In addition, OEN will offer video-on-demand, subscription video-on-demand, payper-
view specials and events and original HDTV programming created by OEN
Studios, the creative television production arm of Optical Entertainment Network.
“FTTH makes OEN unique among entertainment service providers”, said Tom
Wendt, President and CEO. “The marriage of FTTH and OEN’s fiber technology
allows our service to have the largest programming lineup of any multi-channel
video provider in North America.”
The OEN system provides state-of-the-art integrated services including standard
and high definition television, Internet, telephone services and unified messaging.
This network delivers innovative new applications such as, videoconferencing,
gaming, telemedicine, niche programming, and connected learning to homes in
the Houston area.
- More -
All of these services have been integrated into IP (Internet Protocol) architecture,
designed specifically for Gigabit Ethernet FTTH systems.
“Other existing fiber-to-the-home deployments today are using traditional cable
and telephone network technology from the legacy copper based systems”, said
Curtis Overstreet, Chairman of the Board and Chief Financial Officer, “Our
system takes full advantage of the limitless bandwidth capacity offered by the
latest in optical technologies to not only generate new revenues from innovative
applications but to create some exciting new revenue generating business
models such as advertising targeted at the household level”.
OEN’s first deployment partner is Phonoscope of Houston, Texas, owner of the
largest privately held metro fiber network. Already the existing network reaches
250,000 household easements and is within 100 to 500 meters of approximately
1.6 million households in the 7 county areas around Houston. OEN which is
already generating revenues from HDTV program production will have live
subscribers from day one of this deployment.
“OEN has assembled the best partners in the industry for this venture, including
key industry leaders in FTTH construction, engineering services, technology and
in investment banking”, added Thomas Wendt, “and we’ve been successful in
marrying this infrastructure with the premier entertainment companies of the
world”, Wendt adds.
About Optical Entertainment Network
Optical Entertainment Network is a Houston, Texas based company providing
the first major market deployment of Video, Internet and Voice to residential and
commercial customers over a system specifically designed to optimize fiber-tothe-
home (FTTH) technology. The company is a platinum member of the FTTH
Council. More information can be found at the company’s website at
www.4fiber.tv.
For additional information on Optical Entertainment Network, contact:
Cathy Clarke
CNC Associates
(617) 527-2089

God Bless - No Doubt
cris
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