Valley Village, CA (PRWEB) December 7, 2005
Magicweb, Inc. (OTC: MGWB), developer of the “EnterVision”™ Broadcasting System, announced today that it had begun negotiations with a Canadian TV Network to broadcast their network programming. The EnterVision™ Broadcasting System utilizes a proprietary, real-time broadcasting system for television transmission delivery via IPTV (Internet Protocol Television Transmission).
The Canadian Network is a multi-media company with entertainment provided through television, radio, print and online content offerings. The Network recently launched its 24-hour television specialty service into the Canadian market, and is the first and only service of its kind in North America.
Utilizing the propriety “EnterVision”™ Broadcasting System from Magicweb, the Network would be able to offer its network to all cable companies in the world via inexpensive Internet distribution. The technology will also be able to offer “direct to consumer” pay-per-view broadcasting as well as offering real-time broadcasting 24/7 through Internet connections to home televisions.
“We are very excited to have the opportunity to be a part of broadcasting history with the advent of this new and cutting edge technology. Should this technology prove to be as purported by Magicweb then the possibilities of broadcasting our network all of the world becomes a cost effective and dynamic opportunity of us,” said a senior executive of the Canadian network.
“We are very pleased to have begun negotiations to provide a comprehensive broadcasting package for this Canadian Network. We hope that they will be among the first networks to become part of the new satellite-less' broadcasting era made possible by Magicweb technology,” said Magicweb CEO, Herbert Becker.
More About Magicweb, Inc.:
Magicweb, Inc. is the developer of the “EnterVision”™ Broadcasting System, a proprietary, real-time broadcasting system for television transmission delivery via IPTV (Internet protocol television transmission). The technology is similar to VoIP (Voice over Internet Protocol), which provides the ability to make telephone calls over the Internet using conventional telephones. Unlike VoIP, however, there are no FCC regulations for the transmission of television or radio signals utilizing the IPTV format. And, unlike existing “streaming video” technology that utilizes packet-switched data transmissions and requires users to have dedicated programs to “play” video files, the EnterVision™ technology allows television broadcast quality 30.3 frames-per-second video to be transmitted on a real-time basis utilizing discrete JPEG files. Additional information on the company can be found at http://www.magicwebtv.com
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Magicweb, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are: Magicweb, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with PinkSheets. Due to foreign distribution rights within the Canadian Network they cannot have their programming partners see this release until they have secured them all, therefore the identity of the network must remain confidential at this time.