If IMDC continues to receive these orders it should do well..
IN Media Announces Major Order for Set Top Boxes
!ROFL to be installed in high growth Asia markets
LOS ALTOS, Calif., Sept 22, 2010 /PRNewswire via COMTEX/ -- IN Media Corp (OTC Bulletin Board: IMDC) today announced that it has received a multimillion dollar order for its fully integrated IPTV set top box !ROFL.
The box, which allows users to experience broadcast television as well as internet content on their home televisions, is, in managements' opinion, a major leap forward for emerging countries and markets. The first shipments of this purchase order will be to India and Sri Lanka, two countries that until now have had limited access to internet content primarily through older generation cell phones. Management contends that India and Sri Lanka consumers will now be able to experience broadband internet and high definition television content on their home televisions.
!ROFL will also provide the consumers access to thousands of Bollywood titles through the IN Media Library as well as telephone and video conferencing abilities. "I am thrilled to be part of bringing a new world of information and entertainment to these countries that have such a thirst for technologies that can continue to foster social and economic growth," stated C.E.O. Dr. Nick Karnik. "This is exactly what we envisioned the type of projects IN Media would be doing," Dr. Karnik continued.
Though the terms of the order were not announced and no assurances can be given, they are expected to generate significant revenue and volume for the Company this year.
IN Media Corp is a key driver in the convergence of Internet and broadcast television as Internet based content becomes more prevalent with mainstream consumers. IN Media's set top solution takes advantage of these initiatives.
About IN Media Corp
IN Media Corp is an integrator of Internet Protocol Television (IPTV) services, products and content for major platform and service providers (e.g. cable, satellite, and Internet providers). IN Media provides a combination of products and services: set-top box hardware and software services, manufacturing of the set-top boxes, library of content and content aggregation for platform providers to implement an all-in-one solution for IPTV services. More information can be found at: http://www.inmediacorp.com.
Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities. Such statements are inherently subject to risks and uncertainties, which include, without limitation, those in Company reports filed with the SEC. The Company can give no assurance that such expectations will prove correct. Future events and actual results could differ materially from those statements.
SOURCE IN Media Corp