Wave Systems Corp. (fka WAVXQ)

[helpfulbacteria]

Interesting PR and Question...

A PR from Endavo Media, that company that used to be called Ceristar which had Lark Allen on its original BoD and the same company that has since swallowed Wavexpress client, Quadra Media LA (AhoraTV's partner). Read the release, if you would be so kind. Get to the bolded and italicized part... So here's the question: what does the word "pre-delivery" mean? I think I know, but I'm curious about other folks' opinions:

For Immediate Release
Press Contact:
Jennifer Kronstain
Abelson Group for Endavo
[phone]
[e-mail]
Investor Contact:
Ed Lewis
CEOcast, Inc. for Endavo
[phone]
[e-mail]

Endavo Inks IPTV Deal with ClearLight TV
Agreement to Carry Niche IPTV Programming Into Endavo-Enabled Service Providers and
Broadband Consumers

SALT LAKE CITY, UT (June 16, 2005) - Endavo Media and Communications, Inc. (OTC BB: EDVO NEWS), the leading developer of the D-Commerce Marketplace, announced today an
agreement with Clearlight TV to begin distributing its family-oriented television programming via IP over the Endavo EcoSystem beginning July 2005.

The ClearLight TV channels feature family-friendly music videos, television shows and movies.

"We're very excited to have Clearlight TV as a customer," said Mario Pino, Vice President of Endavo's Entertainment Division. "More and more content owners and programmers are seeing the value of Endavo's delivery and management tools and how they bring additional revenue to owners of IP-deliverable content without the high cost of building additional infrastructure."

ClearLight TV will leverage three of Endavo's Entertainment Products--EnCast, EnGage and
EnHance--as follows:

• The EnCast solution allows ClearLight TV to load its television content into the EcoSystem then distribute the channel in the industry-accepted IPTV format.

• The EnGage and EnHance solutions allow the pre-delivery of Windows Media 9 encoded programming to more than 3 million owners of Microsoft Media Center Edition (MCE)
systems and other broadband connected PCs.

"ClearLight TV is paying Endavo to capture, store, transcode, and deliver IP television content to EcoSystem community members," said Paul Hamm, CEO of Endavo. "As customers like
ClearLight TV and Global Media Entertainment Group deploy their offerings to their target markets, and IPTV network partners are connected and consumers subscribe to the online
service offerings, Endavo's revenue per customer increases exponentially over time."

"Endavo's focus on making niche content profitable appealed to us," said Michael Drzymkowski, CEO of Clearlight TV. "We expect significant momentum as we begin to distribute channels in
July via the EcoSystem, then expand our lineup in September 2005."

About ClearlightTV

ClearlightTV specializes in providing consumers with family friendly content. A business unit of ClearLightTV known as CFlixNow will offer consumers full length Movies-On-Demand (VOD). Users are able to select from hundreds of full length movie titles from as low as $0.99. The movies are in DVD quality and use the Microsoft Windows Media Player format. Once a viewer orders a title it can be watched at any time within a thirty (30) day time window.

ClearLight TV is also launching a number of 24/7 TV streams available to viewers on a monthly subscription basis through IPTV network partners. More information can be found at
http://www.ClearLightTV.com in early July as the service readies for launch.