Orbit E-Commerce Inc.
-was established in 2000 for the purpose of capitalizing on management's vision and expertise in the field of Internet- based communications systems, products, and services. PureNet and OECI are dedicated to extending their communications vision and expertise into the market for IPTV video/internet services which is poised to experience rapid growth.
PureNet.Tv Canada Inc.
-A private company, incorporated in the Province of Ontario, Canada, PureNet is a privately funded company which was formed to research and develop highly competitive IPTV technology and services and establish relationships with video content providers and equipment suppliers.
** PureNet Acquisition
On December 28, 2004,the Company entered into an Asset Acquisition
Agreement (the "PureNet Agreement") with PureNet, to acquire all of PureNet's assets in connection with its IPTV business.
Subsequently, on January 3, 2005, the Company completed the
transactions contemplated by the PureNet Agreement, whereby the Company acquired all of the aforesaid assets of PureNet. IPTV enables a wide range of television programming, low-cost
video-conferencing, video-on-demand and other services all in
digital broadcast quality levels. With IPTV, video services are delivered directly to subscribers' television sets over DSL networks. The acquisition of PureNet's assets included all technical
schematics covering a patented IPTV video/internet system,
implementation capabilities, strategic partnerships with major equipment and video content suppliers, software developers, product and services.
Pursuant to the terms of the PureNet Agreement, the Company acquired the assets in exchange for 15,000,000 newly issued restricted shares of common stock.
Douglas C. Lloyd, the Company's President, Chief
Executive Officer and director, is the President, a director and
shareholder of PureNet.
** Deployment of IPTV System in China
-TORONTO, Jan 09, 2007 - Orbit E-Commerce Inc. ("OECI"), and its major shareholder, PureNet.Tv Canada Inc. ("PureNet"), announced today that the system design has been completed and equipment required to deploy the Company's first IPTV facility in China is now being assembled and tested in Toronto.
- The IPTV deployment in China will enable the Company to build a high quality digital IPTV network capable of serving millions of subscribers.
-The vendors chosen by the Company to supply the equipment and technology to assist the company in building its IPTV network include Zhone Technologies Inc. http://www.zhone.com/
, Tandberg Television ASA http://www.tandbergtv.com/
, Foundry Networks Inc. http://www.foundrynet.com/
, and Redback Networks Inc. http://www.redback.com/
-The final testing of the digital system in the coming weeks will take place in Toronto where the Company and its vendors will have assembled a working IPTV head-end. The replica of the IPTV head-end will be delivered to China where the Company will commence offering digital video IP services.
** Listing on China Exchange
TORONTO, Jan 11, 2007 - Orbit E-Commerce Inc. ("OECI"), and its major shareholder, PureNet.Tv Canada Inc. ("PureNet") ("Orbit " or the "Company") announces that as part of its expansion into the Chinese IPTV market and the opportunities it brings Management has hired local advisory firms to evaluate a dual listing of its shares on a Chinese stock exchange as part of its plan of growth and development for the Asian markets.
AS - 98,000,000
OS - 38,538,869
(as of last 10QSB 12/20/06 )