ESPRE Solutions, Inc., (OTC: EPRT) a Dallas-based media solutions and video technology company with a revolutionary and patented video compression technology, today released its May Corporate Update stating progress on several new customer initiatives and reporting continued revenue growth for the period.
Since its inception, ESPRE's mission has been to transform the way businesses and individuals communicate -- visually. Over the past year, online video has become the key to success on the Internet with every major media and content provider scrambling to get into the game. Not to mention a sea of new media companies launching into the market with innovative business models centered around video delivery, user-generated content and content distribution. And as more and more media initiatives are launched and more content is delivered over the Internet, the demand for higher-quality video and better video tools will increase.
The past six months are evidence that the market is searching for better video solutions to service this ever-growing demand for TV-quality content over the public Internet. ESPRE's patented video compression technology will soon be rolled out through recently signed partnerships to millions of online subscribers. Pandora Networks, which is licensing ESPRE's eViewChat API to integrate into its Worksmart(TM) line of on-demand IP communication solutions, is scheduled to launch the integrated solution to its small-to-medium business customers in the third quarter of this year. Likewise, Media Distribution Solutions (MDS), which signed a major License Agreement for ESPRE's technology in April for the online publishing and classifieds markets, will launch its first BETA release in mid-June using ESPRE's new eViewMedia Engine API. The resulting product will be introduced to one of MDS' major customers that provides advertising for tens of thousands of multi-family housing providers.
MyE Networks, which signed a license agreement with ESPRE in February, recently completed an integration of ESPRE's eViewMedia Engine API to create a unique video email solution for its millions of monthly subscribers. In addition, this month ESPRE and MyE Networks expect to reach an agreement to jointly produce mobile video applications for both ESPRE's and MyE Networks' customers. ESPRE, which already produces an award-winning application for real-time collaboration over a mobile and wireless PDA, called eViewLink, will utilize this technology to co-develop with MyE Networks real-time video collaboration applications and streaming solutions over traditional mobile devices.
"These are very exciting times for ESPRE. One to two years ago, even 6 months ago, being in the online video business was a tough road. However, with the majority of American households having some kind of broadband connection, the demand for more video offerings and higher-quality video solutions has skyrocketed. ESPRE's switch from a video applications developer which required major customization for each new customer rollout, to its new model built upon delivering API's of ESPRE's core video solutions has proven to be a wise move. Now, our customers can do the integration into their existing product offerings, resulting in faster deployment and a wider range of customer opportunities. And this increased demand should lead to increasing recurring revenue streams. This month ESPRE posted another good revenue month with over $400,000 in revenue. We are anticipating further announcements in the near future demonstrating continued support for ESPRE's high-quality video solutions and additional revenue growth," states Pete Ianace, CEO of ESPRE Solutions.
About ESPRE Solutions, Inc.:
Plano, Texas-based ESPRE Solutions is a public company (OTC: EPRT) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality streaming video over the Internet-even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers, Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions' eView product suite provides an integrated solution for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering eView technology, visit http://www.espresolutions.com .
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance.