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DAILY NEWS
Aug 15, 2006 8:08 AM
JumpTV Reports Strong Growth
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JumpTV has signed exclusive agreements with 66 new channel partners recently, bringing the Internet TV distributor's offering to a total of 204 channel partner agreements, of which 194 are described as exclusive in nature.
Top channels launched during the quarter included Sony Entertainment Television Asia (SET Asia), Dubai TV, Realitatea from Romania and America TV from Peru.
Distribution and marketing agreements have been signed with Terra Networks Brasil, a wholly owned subsidiary of Telefonica Internacional S.A., to distribute JumpTV channels through Terra and its affiliates' portals, e-commerce sites and Internet service providers in Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.
Headquartered in Toronto, JumpTV has invested heavily in product and technology during its most recent quarter. JumpTV delivers Internet Protocol Television (IPTV) and ethnic media services with a high-speed connection (Cable, ADSL, DSL or ISDN) to deliver pictures at up to 30 frames per second.
Near the end of the quarter on June 26, 2006, the Company filed a preliminary prospectus in connection with its Initial Public Offering, and it reports raising gross proceeds of $66 million CDN through the sale of 12 million common shares.
"We are committed to our succinct strategy of: (a) increasing our leadership position in the number of exclusive channel partnerships worldwide and; (b) contemporaneously creating the best user experience in the world, and (c) beginning an aggressive subscriber acquisition/marketing roll-out," said G. Scott Paterson, Chairman and Chief Executive Officer of JumpTV, in a release.
