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Technology Stocks : OPTV - Open TV -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (126)	9/21/2004 11:57:23 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 143

OpenTV Signs Multi-Year License Agreement with UnitedGlobalCom Monday September 20, 9:01 am ET UGC To Deploy OpenTV Middleware Package and Applications In Europe SAN FRANCISCO--(BUSINESS WIRE)--Sept. 20, 2004--OpenTV, Inc. ("OpenTV") (Nasdaq:OPTV - News), one of the world's leading interactive television companies, today announced that it signed a multi-year network license agreement with Europe's largest cable operator, UnitedGlobalCom, Inc. ("UGC") (Nasdaq:UCOMA - News), allowing UGC affiliates in Europe to deploy OpenTV middleware and other products and applications. UGC has already launched its digital service in France using OpenTV middleware, and will be converting all current and future customers of UPC Direct, its direct-to-home satellite service in Central and Eastern Europe, to the OpenTV platform. UGC has agreed to launch OpenTV's interactive games and wagering services, PlayJam and PlayMonteCarlo, in certain markets when and if specific pre-agreed subscriber thresholds and OpenTV receiver deployments are met. "We are excited to work with UGC in the launch and successful exploitation of interactive television services to its subscriber base across Europe," said Jim Chiddix, Chairman and CEO of OpenTV. "UGC has a unique and valuable collection of cable systems, and with its selection of OpenTV continues to confirm the valuation proposition that we offer -- reliable, scalable, cost-effective solutions for the interactive television market, and a platform, built on years of experience, that reaches throughout the world." "We look forward to the opportunity to further leverage our relationship to provide UGC and its affiliates with compelling interactive applications, from PlayJam and PlayMonteCarlo, to newly developed applications that will help to differentiate the viewing experience for their subscribers," added Chiddix. About OpenTV One of the world's leading interactive television companies, OpenTV provides a comprehensive suite of technology, content, games, tools, applications, and professional services that enables cable and satellite network operators in more than 95 countries to deliver and manage iTV services on all major digital TV platforms. OpenTV has its Corporate Offices in San Francisco, California and regional offices in the United States, Europe and Asia/Pacific. OpenTV and the OpenTV logo are trademarks or registered trademarks of OpenTV, Inc. in the United States and other countries. All other trademarks are the property of their respective owners. All OpenTV products and services may not be available in all geographic areas. For more information, please visit www.opentv.com. Cautionary Language Regarding Forward-Looking Information The foregoing information contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in political, economic, business, competitive, market and regulatory factors. In particular, factors that could cause our actual results to differ include risks related to: market acceptance of interactive television services and applications such as ours; delays in the development or introduction of new applications and versions of our service; technical difficulties with networks or operating systems; our ability to manage our resources effectively; changes in technologies that affect the television industry; and the protection of our proprietary information. These and other risks are more fully described in our periodic reports and registration statements filed with the Securities and Exchange Commission and can be obtained online at the Commission's Web site at www.sec.gov. Readers should consider the information contained in this release together with other publicly available information about our company for a more informed overview of our company. We disclaim any intention to obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. -------------------------------------------------------------------------------- Contact: OpenTV Maureen Zeljak, 415-216-7921 (Cell) mzeljak@opentv.com Marc McCarthy, 415-217-9441 (Cell) mmccarthy@opentv.com -------------------------------------------------------------------------------- Source: OpenTV