Praebius Communications, Inc. Announces the Filing of Its Patent Application for the Company's Newest Ad Insertion Operating Sys
March 27 2008 - 6:00AM
Marketwired
SALT LAKE CITY, UT announces the filing of its patent
application for Addige.net (www.addige.net), its newest product
launch into the Cable Television markets. The management of Ad
Systems Inc., a wholly owned subsidiary of Praebius Communications,
believes that Addige.net is the most promising product that it has
developed in its 25-year history. Ad Systems Inc. is a mainstream
provider of Digital Ad Insertion Technology to the Franchised and
Private Cable Television industry. The product, Addige.net,
utilizes a proprietary technology that allows it to operate in
cable systems that have not had the capability of locally inserted
advertising. By offering cable system owners a no-risk, win-win
arrangement, the company has already begun to carve out its market
share of a total U.S.A untapped market estimated at a household
subscriber count of nearly 30 million.
The company's new core business model is based on a recurring
revenue. The company no longer sells equipment, but installs the
equipment, sells the commercials, and shares the revenue with the
cable system. With its own and affiliated advertising sales
organizations, the company is able to generate significant
recurring revenues. Our ad insertion inventory is sold to companies
that buy commercial ad space on the major cable TV Networks. These
clients are national Fortune 500 companies. We also serve the needs
of regional companies as well as local businesses. Addige.net
captures advertising avails on networks such as CNN, ESPN, TNT,
USA, etc., and inserts paid-for commercials from our National,
Regional and Local advertisers.
Mr. Bob Hall, Chairman Praebius Communications and President of
Ad Systems Inc., Utah, said, "The roll out of our first 100,000
subscribers in the USA with our new product Addige.net has been
like a super-beta test, deployed without a flaw. At present we are
capturing nearly half a million commercial avails per month. The
next and most important task for the company, our partners, and our
shareholders is the selling of our ad inventory. The business model
is not a new one. However, because of our proprietary technology we
are able to reach several highly sought after market segments that
are accessible only through our operation. We are uniquely capable
because of our technology and experience to continue to
successfully deploy the systems needed to .carve out our portion of
a multi-billion dollar a year business of selling ad space on the
most viewed cable TV networks."
Mr. Martin Alcock, CTO Praebius Communication and President of
Ad Systems Inc., Canada, said, "I have high expectations for this
product launch as Praebius is first to market with this system in
the United States and something ahead of that in Canada and the
rest of the world. Along with Addige.net we have our own
proprietary video switching matrix and traffic and billing
software. Since my arrival to the company we have continued to
assemble a team of industry professionals to execute on the
business plan and capture our target markets. One of our goals here
is to continue to be first to market in this arena as the playing
field changes and expands into the digital and IPTV world."
Mr. Dave Allen, Sr. Vice President National System Sales of Ad
Systems Inc., Georgia, said, "In the last 12 months we have
deployed Addige.net into franchise cable systems, private cable
systems, digital satellite systems, hotels, university campuses,
and retirement communities. One of our goals is to create large
niche advertising markets as well as developing large regional and
national footprints. As a super-turnkey operator, with Addige.net
we can deploy into any size cable system, hotel, or MDU."
About Praebius Communications, Inc.
Praebius is a digital media and video communications Company. It
develops and deploys technology into the cable TV and IPTV
markets.
For additional information, please visit: www.adsystemscatv.com,
www.praebius.com
Safe Harbor Statement Under The Private Securities Litigation
Reform Act of 1995: The statements in the press release that relate
to the company's expectations with regard to the future impact on
the company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not
occur.
Contact: Praebius Communications, Inc. (971) 239-4166
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