Business Wire "US Press Releases " LONDON--(BUSINESS WIRE)--
(Pink Sheets:PTEI):
Petel Inc. have today agreed a letter of intent with 8000 Inc. (Pink Sheets:EIGH), owners of the legendary Cannonball 8000 road rally brand, to launch the Cannonball 8000 broadband TV channel on Petel's interactive broadband TV platform.
"This is a growth lifestyle brand, an exciting project to be involved with and will be a highly valuable addition to our network of broadband TV channels; this partnership also offers great cross-promotional opportunities for all concerned. The next stage is to identify proprietary and third party content for scheduling; billing models, advertising sales and start planning for launch," says Petel COO, Phil Evans.
Conrad Wall, CEO of 8000 Inc. adds "This is a natural progression for Cannonball 8000 and 8000 Inc. As a brand and content owner, the Petel broadband TV platform gives us an excellent opportunity to widen distribution of our content, further promoting our brand and events, including our upcoming Cannonball South-East Asia Rally. The commercial opportunities that the Petel platform offers via its unrivalled interactivity and global availability are of keen interest to us".
www.8000inc.com
www.cannonball8000.com
www.petel.co.uk
www.sexqube.tv Petel Incorporated's Quarterly Reports since debuting on Pink Sheets can be viewed here:
http://www.petel.co.uk/site/index.php?option= com_content&task=view&id=40&Itemid=52 (Due to its length, this URL may need to be copied and pasted into your Internet browser's address field. Remove the extra space if one exists.)
This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such
forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended
to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future
performance of Petel, Inc. see "Risk Factors" in the Company's Annual
Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances
after the date made or to reflect the occurrence of unanticipated events. Source: Petel Inc.
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