Video conferencing, live interactive, streaming video, online news feed and Podcast are all common words used in today’s technological world. Today many companies and media outlets are making it much easier for consumers to be able to get updated information by automatically downloading video to their PC or portable media player. Thanks to such companies like ESPRE Solutions, we can choose from the list of available programs or information and have it played when and where we need it.
ESPRE Solutions, Inc. is a groundbreaking media collaboration provider of broadcast-quality, real-time video over the Internet. The company offers its customers a patented breakthrough video software that enable customers to build applications that deliver video over IP-based networks and to devices, such as PDA’s, personal computers and Java enabled smart phones.
Streaming video has become so popular that major networks and all the other media giants are using it to broadcast their network’s list of shows. Online schools are using it to connect students with teachers, and individual subscribers are using it to send custom video emails to friends and family. Also, for the many Companies planning to add high quality video to their existing voice or data applications, ESPRE has a list of products to choose from including Lightning Strike™ CODEC, used by customers who want to develop video-enabled consumer products in a short timeframe, Video eXchange Network which is a solution for delivering real time conferencing, multicast and broadcast video applications and the principal platform, ESPRE Live, which utilizes all of the company’s technology to enable customers to build applications that deliver high-quality video.
The company has an experience leadership team led by CEO, Pete Lanace, who brings more than 30 years of experience building successful technology business; Peter Leighton, President, who has over 25 years experience in funding and managing new and existing businesses; and Bob Nimon, CTO, who provides ESPRE Solutions with a diverse technical background spanning 30 years and is one of the leading system architects in the country.
ESPRE team is hoping that the company will one day potentially become the video solutions provider of choice for ISPs, Fortune 1000 corporations and other institutions globally. However until that day comes, the company faces two major obstacles. First the company has to contend with the likes of other major streaming video and media providers including RealSystem G2 from RealNetwork (NASDAQ:RNWK) and Microsoft Windows Media Technologies (NASDAQ:MSFT). In addition, the company has a history of negative cash flow, and since its inception, has continued to show loses from operation.
Recently Pete Lanance, the company’s CEO, mentioned that investors can expect to hear big announcements from the company including possible partnership deals with a major media company in the future. If the company’s team can delivery on that promise, generate positive cash flow, and get acceptance of the company’s product, then ESPRE may stand to become a promising company.
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