Petel Targets $6Million Income
Wednesday, 16 May 2007
Petel Incorporated C.O.O targets $6Million Income from Video on Demand in First Year
(Pink sheets: PTEL.pk)
Petel Incorporated Chief Operating Officer, Philip Evans today outlined the impact he expects Video on Demand (V.O.D) services (delivered as part of his new brand SexQube.TV), to have on Petel Incorporated revenues in the first year following launch.
Ex-Penthouse UK Director Evans is targeting 700,000 downloads in the first 12 months of operation, registrations to date indicate the Company is well on the way to exceeding its target. With each download costing $9.99, and delivering a net revenue of $8.50, the Company is forecasting over $6million in income from V.O.D sales alone. This is in addition to revenue streams from a “couples friendly” online adult store, premium rate telephony, dating and chat services, advertising and third party sales.
Evans underlined how important V.O.D. is to the Company. “SexQube.TV is the world’s first free-to-air adult broadband channel, and we are proud to have accomplished that. But the real strength of the channel is in the delivery, on demand of high quality video via our unique “pink button” technology. If you see a movie advertised whilst watching the channel, all you have to do is click the blue button, pay the 48 hour rental fee of $9.99 and you can enjoy the content instantly. Alternatively you can browse by genre through the catalogue on the left hand side of the page. We have recently announced high profile partnerships with Scala and Combat Zone, who will be supplying content, along with our own division Brit P*rn Productions. We will be announcing additional partners in the very near future, putting us well on our way to delivering the world’s largest VOD library for SexQube.TV viewers.”
Next >
AI
