Video Without Boundaries(TM), Titan Global Entertainment Announce Pioneering Digital Entertainment Alliance
Video Without Boundaries(TM), Titan Global Entertainment Announce Pioneering Digital Entertainment Alliance
Group Teams to Promote Titan Tunes Music/Video Web Service and Develop Portable Media Center Technology
FT. LAUDERDALE and PALM BEACH, Fla., Feb. 28 /PRNewswire-FirstCall/ -- Video Without Boundaries(TM), Inc. , a leading provider of interactive, media-convergent home entertainment devices, and international entertainment company Titan Global Entertainment, Inc. today announced an agreement signaling a new class of cooperation between providers of digital entertainment content and the consumer electronics industry. Under terms announced today, integrated music industry firm Titan Global Entertainment and broadband media device manufacturer Video Without Boundaries (VWB) will each market key products of the other, simplifying the music and video purchasing/playback experience for consumers while advancing both companies' breakthrough technologies.
Titan Global Entertainment, owners of the new Titan Tunes online music service (http://www.titantunes.com/) scheduled for early Q2 2005 debut, is planning to work jointly with VWB to design, develop and manufacture portable media center technology based on VWB's MediaREADY FlyBoy(TM) an ultra-slim portable MPEG4/MP3 media player and recorder capable of carrying hours of video and music. The created technology will be private-labeled under the Titan Omni I brand name.
As a playback device, the Titan Omni I will allow users to not only listen to thousands of top-name entertainment downloaded from Titan Tunes, but also to store and view music videos obtained from the Titan Tunes site. Titan Tunes will be one of the first online services to offer videos; the Titan Omni I will enable viewers to watch those videos, as well as movies and other visual content, on its 3.5-inch LCD screen.
VWB plans to also benefit from the alliance by marketing Titan Tunes through its MediaREADY 4000 and MediaREADY 5000 digital media centers. MediaREADY, a cutting-edge TV broadband media device for home use, is an Internet/DVD player that combines feature-rich TV, email, Internet browser, karaoke, and MP3/CD/DVD/MPEG-1/MPEG-2/MPEG-4 playback with an onboard hard drive for digital storage of movies, TV programs, photos, music, and other audio/video content. VWB will promote Titan Tunes through in-box literature as well as an onscreen link that will allow users to download Titan Tunes content on either a per-title or subscription basis. While specific terms of the agreement will not be disclosed, the contract will provide over $1.4 million in profitable revenues for VWB from the sale of portable media centers through Titan's distribution.
"This agreement unites an ideal combination of elements that together complete the consumer entertainment experience," said James Devericks, chairman and CEO of Titan Global Entertainment. "VWB's technology is at the forefront of portable multimedia entertainment. The Titan Omni I will enable us to offer up to 80 hours of video or 740 hours of music on its 40 gigabyte hard drive. Combined with the massive amount of top-quality entertainment found on Titan Tunes, we're confident our offering will have irresistible appeal to today's music and video lovers."
"Titan Tunes is a quantum leap for the online music store concept, not only for its combination of nearly 500,000 songs and videos, but also for the instantaneous payment of royalties to artists, record labels, and other copyright holders through its technology agreement with Internet Methods, Inc.," said Jeffrey Harrell, CEO and President of Video Without Boundaries. "We believe Titan Tunes' assembled technology will help it grow at a rate far beyond most online music stores, making it a top destination for users seeking top-name artists in dozens of categories."
Next Big Thing
Portable multimedia players are one of the hottest new segments of the digital technology field. According to Michael Greeson, president and principal analyst of The Diffusion Group, a leading independent research company specializing in digital home and connected consumer technologies, downloadable and/or recordable video entertainment is a natural extension of current Apple iPod phenomenon. "An important part of pushing portable multimedia devices (PMDs) into the mainstream is packaging these platforms with compelling content offerings," said Greeson. "A key tenet of iPod's success is that compelling platforms both push and are pushed by compelling content. VWB's partnership with Titan is an example of the types of partnerships that will stand out in this increasingly crowded and emerging market space."
VWB and Titan Global Entertainment expect to debut their aligned products with the introduction of Titan Tunes to consumers in May 2005.
To learn more about the MediaREADY FlyBoy, MediaREADY digital media centers for the home, or any of Video Without Boundaries' media convergence products for the home entertainment market, visit http://www.vwbinc.com/. Additional information about Titan can be found at the following sites, http://www.titan-entertainment.net/, http://www.titantunes.com/, and http://www.titanomni.com/.
About Video Without Boundaries:
Video Without Boundaries 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 http://www.vwbinc.com/.
About Titan Global Entertainment:
Titan Global Entertainment, Inc. is one of the fastest growing entertainment companies in the world. Titan Global Entertainment, Inc. is a multi-faceted hybrid music entertainment company that specializes in artist management, record production, traditional record distribution, digital distribution, music consulting, publishing, television & multi-media, marketing, promotion and new emerging technologies of music by talented artists of various backgrounds on a global level. For more information, visit http://www.titan-entertainment.net/.
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.
VWB CONTACT:
Katie Eakins
S&S Public Relations, Inc.
858-549-0581
katie@sspr.com
VWB INVESTOR RELATIONS:
Video Without Boundaries, Inc.
954-527-7780
vwbinvestor@vwbinc.com
TITAN GLOBAL CONTACT:
Chuck Smith
KingstonSmith Communications
561-362-8704
chucksmith1@adelphia.net
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.
Source: Video Without Boundaries, Inc.
CONTACT: VWB CONTACT: Katie Eakins, S&S Public Relations, Inc.,
+1-858-549-0581, katie@sspr.com; VWB INVESTOR RELATIONS: Video Without
Boundaries, Inc., +1-954-527-7780, vwbinvestor@vwbinc.com; or TITAN GLOBAL
CONTACT: Chuck Smith, KingstonSmith Communications, +1-561-362-8704,
chucksmith1@adelphia.net
Web site: http://www.titanomni.com/
Web site: http://www.titantunes.com/
Web site: http://www.titan-entertainment.net/
Web site: http://www.vwbinc.com/
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