Those who load up in the 18-20 cent range should do very well as this story unfolds. I have reason to believe there is a significant short position and the price has been artifically surpressed given the 'blue sky' potential with IPTV deployment in China. Have a look through the following:
Orbit E-Commerce and PureNet.TV Partner With United Wireless Ltd. in China
TORONTO, October 19, 2006 -- Orbit E-Commerce Inc. (OTC Bulletin Board: OECI - News) (the "company") and PureNet.TV ("PureNet") are pleased to provide the following corporate update.
Orbit E-Commerce and PureNet.TV Partner With United Wireless Ltd. in China TORONTO, Oct. 19 /PRNewswire-FirstCall/ -- Orbit E-Commerce Inc. (OTC Bulletin Board: OECI), in conjunction with its major shareholder, PureNet.TV Canada Inc., today announced the signing of an agreement with United Wireless Ltd. to form a Joint Venture for the purpose of delivering Internet Protocol Television ('IPTV') products and services to United Wireless' 15 million subscribers in major cities across the Peoples Republic of China ('PRC').
Under the agreement, United Wireless will provide government licenses and permits to deliver IPTV services in the largest cities in China. The Joint Venture Company will have immediate access to approximately 15 million subscribers through its 3,000 corporate and institutional clients in China.
To put this agreement in perspective, there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010). Mr. Ping Cheng, CEO of United Wireless states, 'The partnership with PureNet and OECI will enable United Wireless and its partners to quickly establish itself as the leading provider of digital television products and services in the world's largest and fastest growing market through its 15 branch offices in China.'
In commenting on the signing of the Agreement with United Wireless, Douglas C. Lloyd, President and CEO of OECI and PureNet said today that, 'We are pleased to partner with United Wireless to establish a digital IPTV business, especially in a country where there are no digital cable television or satellite services available. This is an excellent opportunity for OECI and PureNet to deliver on a digital IPTV system that the companies have spent the past few years researching and developing. We take great pride in having established a close relationship with one of the most important media organizations in China. The companies are excited about the attitude of our partners and their state sponsors, who have determined that digital IPTV is the most effective means of distributing video content and are now making every effort to expedite the deployment of our technology within the next sixty days in China.'
OECI Completes IPTV System Design for China Deployment
TORONTO, January 09, 2007 -- Orbit E-Commerce Inc. (OTC Bulletin Board: OECI - News) 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.
As previously disclosed, over the past three years, OECI and PureNet ("the Company") have worked closely with the world's most innovative technology companies to develop advanced Internet Protocol Television ("IPTV") networks. The vendors selected for its 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/ . These vendors were selected by the Company based on such factors as the performance, scalability and technical support of OECI's China project.
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.
The Company's management team is currently in China preparing for the instillation and deployment of IPTV services. This includes ensuring that the physical premises for the head-end equipment are ready and network operations personnel and other staff are in place.
Douglas C. Lloyd, President and CEO stated, "That the opportunity to deploy the IPTV services in China with our recently announced partner in one of the largest markets in the world will allow the consumers in China to experience a fully digital video and internet services where there are no digital cable television or satellite services available. We are confident that our partners not only bring the most advanced technologies to the table, but a strong commitment to the success of this venture. We look forward to working closely with them as we roll out IPTV services to millions of potential subscribers across China.
Orbit E-Commerce Commence Due Diligence for Dual Listing on China's Stock Exchanges
Jan 11, 2007 9:45:00 AM
TORONTO -- (MARKET WIRE) -- 01/11/07 -- Orbit E-Commerce Inc. ("OECI"), (OTCBB: 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. OECI/PureNet believes that a dual listing in the Asian market would be beneficial to increasing investor awareness in the company and its IPTV technologies.
OECI /PureNet has invested in evaluating over the past year the business opportunities in China where there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010).
The companies' management and advisors believe that researching a dual listing in China would be beneficial in achieving the companies' China business plans. The companies migration into the IPTV market in China would also increase public awareness to OECI and PureNet's advantage of new broadcast technologies.
In China, there are currently over 100 million analogue cable subscribers and this is an excellent opportunity for OECI and PureNet to build a digital broadcast IPTV network in a country with the largest population and fastest growing economy in the world.
Orbit E-Commerce Appoints Deacons
Hong Kong Law Firm to Advise on Strategic Alliances
Jan 16, 2007 10:41:00 AM
TORONTO -- (MARKET WIRE) -- 01/16/07 -- Orbit E-Commerce Inc. ("OECI") (OTCBB: OECI) and its major shareholder, PureNet.Tv Canada Inc. ("PureNet") ("Orbit" or the "Company"), announces that they have retained Deacons to act as legal counsel on behalf of the companies to assist completing due diligence on partnering and deploying its IPTV business and IP technologies in China.
Douglas C. Lloyd, President and CEO, stated, "We are delighted to have appointed such a well respected and recognized law firm as Deacons which will become one of our critical advisors in assisting in completing the companies' business opportunities and look forward to completing our negotiations which the companies have been working on in China over the past few months. The appointment will aid OECI/PureNet to complete their business plans in the required time frame allowing the companies to execute IPTV business in the largest market in the world."
Deacons is one of the most prominent and experienced law firms in Hong Kong. Its history dates back to the 1850s, when its founders were among the first to practice there. The firm has a strong record involving China business, including providing advice on joint ventures, investment regulations, intellectual property, finance, technology and communications
Deacons are experts in Banking, Finance, Communications & Technology, Company Formation & Corporate Services, Corporate Finance & Capital Markets, Entertainment & Media, Financial Services, Intellectual Property, M&A and Commercial, Private Equity & Venture Capital and other areas.
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