ESPRE Solutions Inc. (Pink Sheets: EPRT) recently signed an exclusive software and market license with SureCast Media. SureCast Media, an entertainment software service provider based in Geneva, Switzerland, has agreed to license EPRT’s eViewMedia Engine for the entertainment market.
Specifically, the entertainment market is defined as professionally produced, pre-recorded video content such as feature length movies, sports reproductions, and IPTV (pre-recorded and live broadcast television shows, distributed over the Internet). The business model for SureCast Media has not yet been announced to the public, however per the terms in the agreement it may include pay-per-view, ad insertion and subscription fee-based compensation.
“There has been a tremendous amount of activity recently made by media companies to create unique online video experiences for their audiences,” stated Pete Ianace – CEO and president of EPRT – in a press release. “This initiative with SureCast Media will deliver a true, TV-quality user experience for Internet users over all broadband environments – including the mobile Internet.”
Shares of EPRT were trading flat today at $0.095 per share on volume of 159,720.
EPRT is a groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality, real-time and streaming video over the Internet – even at dial-up speeds as low as 28Kbps. The company intends to be the video solutions provider of choice for Internet Service Providers, enterprises, application developers, communications hardware vendors and chip manufacturers, by providing both narrowband and broadband video solutions for integration into traditional voice and data applications. EPRT’s eViewMedia Engine provides an integrated toolkit solution for developers to create applications for business and personal communications