Petel Inc. (Pink Sheets: PTEI) and 8000, Inc. (Pink Sheets: EIGH) have come to an agreement with a signed letter of intent as of January 10, 2008. Petel’s interactive broadband TV platform will launch the Cannonball 8000 Broadband TV channel.
Petel Inc.COO, Phil Evans, said, “This is a growth lifestyle brand, an exciting project to be involved with and will be a highly valuable addition to our network of broadband TV channels; this partnership also offers great cross-promotional opportunities for all concerned. The next stage is to identify proprietary and third party content for scheduling; billing models, advertising sales and start planning for launch.”
Conrad Wall, CEO of 8000 Inc. addedb “This is a natural progression for Cannonball 8000 and 8000 Inc. As a brand and content owner, the Petel broadband TV platform gives us an excellent opportunity to widen distribution of our content, further promoting our brand and events, including our upcoming Cannonball South-East Asia Rally. The commercial opportunities that the Petel platform offers via its unrivalled interactivity and global availability are of keen interest to us”.
Petel, Inc. (Pink Sheets: PTEI) specializes in digital media development, utilization, production and delivery. They are known to be pathfinders in embracing new technology in the digital media community and bring creativity, passion, and experience to their clients.
8000, Inc (Pink Sheets: EIGH) owns Cannonball 8000. Cannonball 8000 has shown success in the rally arena and is focusing on growing and diversifying the rally into a worldwide event and expanding its brand with more products and services.
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