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WTVI - The Future Is Now at Wi-FiTV.com as Bill Gates Says Internet to Revolutionize TV in 5 Years Market Wire    "US Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 01/30/07 -- The Internet is set to revolutionize television within five years, due to an explosion of online video content and the merging of PCs and TV sets, Microsoft chairman Bill Gates said on Saturday, and Wi-Fi TV Inc. (PINKSHEETS: WTVI) is touting its Social Internet TV site (www.Wi-FiTV.com) as the place online where "the future is now," according to Director Lisa Pahl. Wi-Fi TV is continuing a free membership campaign.
Bill Gates said, "I'm stunned how people aren't seeing that with TV, in five years from now, people will laugh at what we've had," he told business leaders and politicians at the World Economic Forum.
The rise of high-speed Internet and the popularity of video sites has already led to a worldwide decline in the number hours spent by young people in front of a TV set.
In the years ahead, more and more viewers will hanker after the flexibility offered by online video and abandon conventional broadcast television, with its fixed program slots and advertisements that interrupt shows, Gates said.
"Certain things like elections or the Olympics really point out how TV is terrible. You have to wait for the guy to talk about the thing you care about or you miss the event and want to go back and see it," he said.
"Internet presentation of these things is vastly superior," Mr. Gates added. Mr. Gates also spoke about the future of TV and the Internet on the NBC Today show.
There is no affiliation whatsoever between Wi-Fi TV Inc. and Microsoft or any other Internet, TV, Cable or Multimedia companies, and although the Company would not rule out any future potential affiliations, no such potential affiliations are implied.
Wi-Fi TV Is a Pioneer In Online TV
Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet and was established twelve years ago, and provided the first online movie in December 1995 . Wi-Fi TV will be introducing targeted video advertising throughout its web site and Wi-Fi TV Stations when the next generation of the web site launches on Feb. 19 . The Wi-Fi TV web site is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a dialer and make free phone calls all on one web site.
Wi-Fi TV To Give Presidential Candidates Unlimited And Unbiased Coverage
Wi-Fi TV Inc. announced yesterday that it will be providing each 2008 Presidential candidate that meets certain criteria their own Wi-Fi TV station at no cost. The candidate's campaign will 100% control the content, and it can be derived from their own web site, made expressly for Wi-Fi TV, or be any combination of ads, campaign video, speeches, etc. (For more information, campaigns may contact [e-mail] or call 949-716-9397).
In making the announcement, Wi-Fi TV Inc. chairman Alex Kanakaris said that traditional TV and cable provides biased and non issue-oriented coverage and the cost of political advertising on traditional TV is prohibitive.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.
Ownership of Wi-Fi TV Stations is available at $25,000 (full details are on the web site www.Wi-FiTV.com). Several financing options are available.
The Wi-Fi TV Channel Sales Blog is at http://www.wi-fitvchannelsales.blogspot.com
The Company was launched in 1995 and has been publicly traded since November 1997 , and has been a pioneer in the delivery of video and books over the Internet.
Press Relations
Wi-Fi TV Inc. has opened a content and technology demo room for the press in Newport Beach, California . For further information contact Colby Marceau, [phone], [e-mail].
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-FI TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
Contact:
Colby Marceau
[phone]
Email Contact