FM-SCA Technology Deployment for Haiti
FM-SCA Technology Deployment for Haiti
SARASOTA, Fla., March 1 /PRNewswire-FirstCall/ -- Compress Technologies, Inc. (Pink Sheets: CTLG.PK), a technology-based company with patented and protected applications that improve bandwidth and Network Topographies, announced today that Compress Technology, Inc.'s FM-SCA North American licensee Ludwig Enterprises, Inc. (Ludwig) has entered a joint venture partnership with Haitian American Broadcasting Corporation (HABC) for deployment of CTLG's FM-SCA technology in Haiti. HABC, a forward-looking broadcasting group, plans on implementing FM-SCA technology in Port-au-Prince and Cap Haitien. Programming content will initially focus on French, English, Jamaican, Cuban as well as other Spanish language content, rebroadcasts of Haitian News, Talk radio and other Programming from Miami and New York plus high definition enhanced, MPEG 3 quality, non-traditional music channels.
Under terms of the agreement, Compress Technologies will receive royalty payments from Haitian operations.
CTLG's revolutionary FM-SCA technology allows digital channels to be transmitted adjacent to a conventional analogue FM broadcast signal. If you listen to any FM radio station the number next to it is always empty. FM-SCA technology will transmit up to (50) fifty new fully digital broadcast channels in that unused space.
CTLG's revolutionary FM-SCA technology is currently in development and testing. Prototype units are currently transmitting 15 digital channels adjacent to analogue FM signals. Final product distribution is projected in 12-14 months.
ABOUT COMPRESS TECHNOLOGIES, INC. - Compress Technologies, Inc., (CTLG), is a Nevada-based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTLG has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to greatly improve the efficiencies of bandwidth and network topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTLG's technologies in short claim that they "without loss of integrity shrink the size of digital packets to about 2% to 5% of their original size."
HD or "High Definition" radio is being introduced and advertised as the new wave of radio. CTLG's technology goes beyond existing High Definition to HDE (High Definition Expanded) radio. High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently engineers have developed FM-SCA HDE to 15 channels and expect to soon move the capacity to (50) fifty MPEG 3 quality digital channels.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as corporate structure and stock capitalization, can be viewed on the company's web site: www.coteinc.com .
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Compress Technologies, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward- looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Compress Technologies, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects and changes in products and competition.
For Investor Relations information,
Contact:
Tom Terwilliger
Executive VP, Compress Technologies, Inc.
305-628-9082
investor_relations@coteinc.com
John Medico
CEO, Compress Technologies, Inc.
941-373-1335
ceo@coteinc.com
Source: Compress Technologies, Inc.
CONTACT: Tom Terwilliger, Executive VP of Compress Technologies, Inc.,
+1-305-628-9082, or investor_relations@coteinc.com, or John Medico, CEO of
Compress Technologies, Inc., +1-941-373-1335, or ceo@coteinc.com
Web site: http://www.coteinc.com/
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