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WirelessDevNet.com Press Release
CinemaElectric Announces Increased Mobile Content Distribution Network in France, Hungary and Canada
HOLLYWOOD, Calif. -- CinemaElectric, Inc. (OTC Pink Sheets: CINM - News) announced today that it has expanded the distribution network for its multimedia content in France, Hungary and Canada.
CinemaElectric has signed a distribution agreement with K-Mobile S.A. in France to distribute CinemaElectric's PocketCinema(TM) rich media graphics, video and entertainment services to French K-Mobile customers. Based in Paris, France, K-Mobile is a high-profile wireless content leader, enjoying top market positions in Belgium, France, Spain and Germany. American Greetings Interactive, the new media subsidiary of American Greetings Corporation, recently acquired K-Mobile and key brand, Kiwee, an established major European player in the mobile content provider arena. K-Mobile customers with certain multimedia mobile phones can purchase CinemaElectric's mobile content at www.kiwee.com.
In addition, CinemaElectric has launched its PocketCinema(TM) mobile video clips in Hungary through a distribution agreement with T-Mobile International UK Limited. The Hungarian launch brings to a total of six T-mobile territories, after the UK, Netherlands, Germany, Austria, The Czech Republic and Hungary.
T-Mobile Hungary is the Hungarian market leader with a 47% market share and approximately 3.8 million subscribers. CinemaElectric's PocketCinema(TM) mobile video play on a variety of multimedia-enabled mobile phones, including Nokia series 60 and series 40 handsets as well as phones produced by Siemens, Sony Ericsson, Motorola and others. The unique content services of T-Mobile are available under the t-zones name.
Further, CinemaElectric and Motek Global Entertainment Inc. have signed a content agreement for Canada that enables Motek to deliver CinemaElectric's extensive library of downloadable mobile content to the 12 million Canadian wireless customers of Bell Mobility, Rogers AT&T Wireless, and Telus Mobility with enabled devices. The Company's mobile content has started commercial distribution to both Bell Mobility and Telus Mobility customers, with Rogers AT&T Wireless to follow shortly.
ABOUT CINEMAELECTRIC, INC:
CinemaElectric is a wireless services company and a leading provider of multimedia entertainment for mobile devices (such as multimedia enabled cellular telephones and PDAs) in more than 35 countries. The Hollywood-based studio produces downloadable PocketCinema(TM) video, wallpaper, MMS greetings, multimedia applications and CineSound(TM) audio ringers. The Company is believed to own the world's largest library of formatted mobile multimedia.
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations. From time to time, these risks, uncertainties and other factors are discussed in the company's filings with the Securities and Exchange Commission.
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