Praebius Communications, Inc. Announces Year System Growth and Signed Cable TV Contracts in Excess of Expectations
December 22 2008 - 12:15PM
Marketwired
Praebius Communications, Inc. (PINKSHEETS: PRCM) is pleased to
announce that its subsidiary, Ad Systems, booked growth of 239,400
new subscribers for 2008. Further, Ad Systems has also signed
contracts for 1,256,000 additional subscriber installations in
2009. Revenue for the last quarter of 2008 exceeded the previous
quarter's revenue. Ad sales continue to be strong going into the
first quarter of 2009.
Bob Hall, Chairman, said, "Our Ad Systems unit's growth will
continue to expand in 2009 as cable system operators look to us as
a partner who brings additional revenue opportunities as opposed to
increased expenses. Advertisers have found our system creates a
unique ability to reach market specific eyeballs."
Martin Alcock, C.T.O., said, "We plan to roll out several
hundred systems in 2009 to fulfill our current contract backlog,
not to mention 300,000 new subscriber installations we expect to
ink in January. The demand in year one was five times greater than
anticipated so this year we have yet to set a limit on our system
growth. Our own traffic and billing system, addige.net, recently
completed upgrades reducing data entry time by nearly 60% allowing
us to handle the added volume quite nicely."
About Praebius Communications, Inc.
Praebius is a digital media and video communications Company. It
develops and deploys Ad Insertion streaming media technology into
the cable TV, Satellite and IPTV markets.
For additional information please visit: www.praebius.com,
www.adsystemscatv.com or www.goldenboards.com.
Safe Harbor statement under The Private Securities Litigation
Reform Act of 1995: The statements in this press release that
relate to the Company's expectations and/or future results are
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur.
The Company assumes no responsibility to provide updated or further
information regarding changes in anticipated or actual results, or
otherwise, with regard to anything mentioned in this press
release.
Contact: Praebius Communications, Inc. (971) 239-4166
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