WIFT .0016 Wi-Fi TV's New China Subsidiary to Offer Personal Internet TV to World's Largest Internet Market
Market Wire "US Press Releases "
BEIJING -- (MARKET WIRE) -- 09/12/08 --
Following up on over a year of development, Wi-Fi
TV Inc. (PINKSHEETS: WIFT), www.Wi-FiTV.com and www.Wi-FiChina.cn,
announced this week that it is forming a subsidiary to further develop and
deploy its Social Internet TV plan for China, the world's largest Internet
market. A new Personal Internet TV(TM) feature is being developed for joint
introduction in China and the United States.
Wi-Fi TV(TM) will provide further details of its partners for its China
introduction with online videos. Wi-Fi TV is working with recognized
industry leaders in all aspects of its rollout to China. Based on the
relationships Wi-Fi TV has developed in China, Wi-Fi TV believes it will be
able to potentially reach millions of Chinese Internet users once its
Chinese site has been developed.
The subsidiary will initially be formed in the United States and will be
affiliated with either an existing or newly formed company incorporated in
China and co-owned by China based partners.
The U.S. subsidiary, Wi-FiChina.cn Inc., will be majority owned by Wi-Fi TV
Inc. Its purposes will include oversight of:
-- Development of a China specific web site in Chinese with certainfeatures added and deleted to the Wi-Fi TV delivery platform-- Legal and accounting compliance for China based operations, and planfor meeting Chinese regulatory requirements-- Working with a two-step plan of first deploying servers in LosAngeles, California and later deploying servers in China-- Wi-Fi TV Licensing and advertising arrangements-- China based marketing and public relations
China Is Now World's Largest Internet Market
With over 220 million Internet users, China is both the largest and the
fastest growing Internet market in the world. Wi-Fi TV will be webcasting
updates, direct from Beijing, China, of its deployment plans.
500 Stations Now Playing On Wi-FiTV.com
Wi-Fi TV now features over 500 live TV stations with live chat on topics
such as Music, News, Politics, Religion, Cars, Environment, Weather,
Sports, Wildlife, Children's Shows, and more. A growing number of these
stations are Wi-Fi TV global exclusive stations such as www.AllGolfTV.com,
www.WineNationTV.com and www.Wi-FiCars.com.
Buy A Wi-Fi TV Station For Your Business
Any business can now purchase its own Wi-Fi TV Station, and have complete
automated control over 24/7 continuous playing content, live content (which
can be delivered from any laptop computer with a webcam and Internet
connection), on-demand content, banner ads, links, news, logos and more.
Your URL of choice takes viewers to a page with only your station. Wi-Fi TV
complete station packages start at only $2,000 and can be purchased with a
credit card through PayPal or by check or wire transfer For more
information call 949-675-5011 or send an email to info@wi-fitv.com.
Wi-Fi TV Station Sales Opportunity Call Next Thursday
Wi-Fi TV pays its independent sales team large and immediate commissions.
To join the team just dial in to the weekly free, no obligation opportunity
call every Thursday at 4:30 PM Pacific, 7:30 PM Eastern at 218-486-1300,
bridge #715719. The next call will be on Thursday, September 18, 2008
(there was no call on Thursday, September 11).
ABOUT Wi-Fi TV
Wi-Fi TV Inc. provides Social Internet TV(TM), a new generation TV delivery
platform that has a geographic sphere out-distancing any traditional cable
or over-the-air TV broadcaster.
The Wi-Fi TV web site (www.Wi-FiTV.com) 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.
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. This press release shall not be
deemed a general solicitation.
Contact:Wi-Fi TV Inc.Lisa Pahl949-675-5011info@wi-fitv.com
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