Praebius Communications Inc. Completes Installations of Its New Digital Ad Insertion Systems Serving More Than 225,000 Subscribe
October 27 2008 - 6:30AM
Marketwired
Praebius Communications Inc. (PINKSHEETS: PRCM), a provider of
Digital Video Ad Insertion Technology, announced today that its
wholly owned subsidiary, Ad Systems Inc. has completed a
multi-system installation roll out it began last January in its
first significant deployment of its newest proprietary ad insertion
technology.
Ad Systems is now selling television advertising to cable TV
viewers on our proprietary system in their homes, hotel rooms and
university dorms. The revenue is generated by selling 30 second and
one minute spots on the most popular cable TV networks like
Discovery channel, CNN, ESPN etc. The systems have 24,000 to 48,000
commercial avails per month which are being sold to national,
regional and local advertisers.
Bob Hall, Chairman of Praebius Communications Inc., said, "Our
product creates new video advertising real-estate where it has
never been before. We are generating unique virgin eyeballs for our
advertisers and new found revenue for our shareholders and
partners. We are very pleased by the near perfect deployment and
success of our newest system."
J. Michael Heil, C.E.O. of Praebius Communication Inc., said;
"This is just the tip of the Iceberg. We have identified a totally
untapped market opportunity that is in the tens of millions of
viewers. Our marketing plan is targeted to contract one million
plus domestic outlets by year end 2009. Praebius has begun a
significant marketing plan to secure long term contracts in cable
TV systems in all available venues and markets."
About Praebius Communications Inc.
Praebius Communications Inc. is a provider of video ad insertion
technology and digital video systems for video streaming services
for cable, satellite and IP delivery. For additional information,
please visit:
www.praebius.com
www.adsystemscatv.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: J. Michael Heil President 971-239-4166 Investor
Relations: Alexander Lindale L.L.C 696 West 1st Ave. Suite #1
Midvale, Utah 84047 801-568-0336
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