Praebius Communications, Inc. Announces the 2nd of More Than 50 Contracted Ad Systems Installations Being Completed This Week f
November 17 2008 - 6:30AM
Marketwired
Praebius Communications Inc. (PINKSHEETS: PRCM) is pleased to
announce that its Ad Systems Unit has deployed one system for
Almega Cable to date and is in the process of completing the second
ad systems installation this week in Santee, North Carolina. The
cable system has already booked ad revenue going into the 4th
quarter on networks such as TNT, SPIKE, CNN and Fox News.
Bob Hall, Chairman, said, "Praebius Communications Inc. is
deploying its first system in North Carolina this week with many
more to come. Our goal is to have a minimum of 100,000 subs in each
state or region and we feel that this is a good start for us in
North Carolina. Ad Systems Revenue grows with each subscriber and
every cable system and will continue to grow as we deploy more
systems and gain advertisers."
Martin Alcock, C.T.O., said, "We are looking to cluster many
smaller cable systems in specific regions to garner larger regional
advertiser dollars here in North Carolina in a way that is similar
to our accomplishment in Kentucky. We have nearly 400 systems to
deploy and hope to finish our first build out year completing close
to 300,000 of our 1.5 million contracted subscribers. We are
focused on building clusters of cable subscribers where we have
established systems which will magnify our per-subscriber revenue
and minimize our cost. Our own traffic and billing system
addige.net can manage this kind of system structure as it can
operate many small systems separate or together."
About Praebius Communications, Inc.
Praebius is a digital media and video communications Company. It
develops and deploys Ad Insertion and streaming media technology
into the cable TV, Satellite and IPTV markets.
For additional information, please visit: www.adsystemscatv.com,
www.praebius.com or www.goldenboards.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 Investor
Relations: Alexander Lindale LLC 696 West 1st Ave. Suite #1,
Midvale, Utah 84047 801-568-0336
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