IN Media Announces Major Order for Set Top BoxesWednesday, September 22nd, 2010
!ROFL to be installed in high growth Asia markets
LOS ALTOS, Calif. — IN Media Corp (OTC Bulletin Board: IMDC) today announced that it has received a multimillion dollar order for its fully integrated IPTV set top box !ROFL.
The box, which allows users to experience broadcast television as well as internet content on their home televisions, is, in managements’ opinion, a major leap forward for emerging countries and markets. The first shipments of this purchase order will be to India and Sri Lanka, two countries that until now have had limited access to internet content primarily through older generation cell phones. Management contends that India and Sri Lanka consumers will now be able to experience broadband internet and high definition television content on their home televisions.
!ROFL will also provide the consumers access to thousands of Bollywood titles through the IN Media Library as well as telephone and video conferencing abilities. “I am thrilled to be part of bringing a new world of information and entertainment to these countries that have such a thirst for technologies that can continue to foster social and economic growth,” stated C.E.O. Dr. Nick Karnik. “This is exactly what we envisioned the type of projects IN Media would be doing,” Dr. Karnik continued.
Though the terms of the order were not announced and no assurances can be given, they are expected to generate significant revenue and volume for the Company this year.
IN Media Corp is a key driver in the convergence of Internet and broadcast television as Internet based content becomes more prevalent with mainstream consumers. IN Media’s set top solution takes advantage of these initiatives.