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PRCM News - Praebius Communications Inc. Completes Installations of Its New Digital Ad Insertion Systems Serving More Than 225,000 Subscribers
Ad Systems' Proprietary Technology Is Now Operating Over Thirty System Locations Which Include Franchise Cable, University Campuses and Hotel CATV Systems; Ad Revenue From These Newly Installed Systems Begins This Month and Is Expected to Put the Company in the Black
Oct 27, 2008 7:30:00 AM
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SALT LAKE CITY, UT -- (MARKET WIRE) -- 10/27/08 -- Praebius Communications Inc. (PINKSHEETS: PRCM), a provider of Digital Video Ad Insertion Technology, announced today that its wholly owned subsidiary, Ad Systems Inc. has completed a multi-system installation roll out it began last January in its first significant deployment of its newest proprietary ad insertion technology.
Ad Systems is now selling television advertising to cable TV viewers on our proprietary system in their homes, hotel rooms and university dorms. The revenue is generated by selling 30 second and one minute spots on the most popular cable TV networks like Discovery channel, CNN, ESPN etc. The systems have 24,000 to 48,000 commercial avails per month which are being sold to national, regional and local advertisers.
Bob Hall, Chairman of Praebius Communications Inc., said, "Our product creates new video advertising real-estate where it has never been before. We are generating unique virgin eyeballs for our advertisers and new found revenue for our shareholders and partners. We are very pleased by the near perfect deployment and success of our newest system."
J. Michael Heil, C.E.O. of Praebius Communication Inc., said; "This is just the tip of the Iceberg. We have identified a totally untapped market opportunity that is in the tens of millions of viewers. Our marketing plan is targeted to contract one million plus domestic outlets by year end 2009. Praebius has begun a significant marketing plan to secure long term contracts in cable TV systems in all available venues and markets."
About Praebius Communications Inc.
Praebius Communications Inc. is a provider of video ad insertion technology and digital video systems for video streaming services for cable, satellite and IP delivery. For additional information, please visit:
www.praebius.com
www.adsystemscatv.com
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
Contact:
J. Michael Heil
President
971-239-4166
Investor Relations:
Alexander Lindale L.L.C
696 West 1st Ave. Suite #1
Midvale, Utah 84047
801-568-0336
