From the Wires
Gen2Media and Clear Channel Team to Launch Internet Television for Orlando Radio Stations
By: Marketwired .
Jul. 27, 2009 10:05 AM
ORLANDO, FL -- (Marketwire) -- 07/27/09 -- Gen2Media Corporation (OTCBB: GTWO), a fully integrated digital media, technology and marketing company, today announced that, in accordance with its License and Advertising Agreement with Clear Channel Broadcasting, Inc., on July 23, 2009, the Company officially launched "XLTV" for XL 106.7 on www.xl1067.com and "Real TV" for Real Radio 104.1 on www.wtks.com -- both Clear Channel radio properties serving the Central Florida markets.
Linda Byrd, President of Clear Channel Orlando, stated, "We are very pleased to be teaming with Gen2Media to create an online television platform capable of fully converging and optimizing our on air and online brands with the power of video programming. Gen2 brings us state-of-the-art technology, impressive creative talent and essential expertise in online video delivery that will allow our radio stations to deliver a very rich and robust online television experience for their respective fans, advertisers and business partners."
"Gen2Media is very proud of the fact that we continue to achieve unparalleled market acceptance of our technology platform among a fast growing group of major media and corporate partners. By teaming with Clear Channel, we are further cementing our position as one of the industry's leading and customer-preferred online video platforms," added Mark Argenti, Chairman and CEO of Gen2Media. "We are thrilled to be working with Clear Channel Orlando and to be adding these fantastic radio brands to our growing online network."
As a full end-to-end content producer and distributor, Gen2Media licenses and syndicates a library of digital content and original programming that has been processed through its proprietary, patented encoding technology. Gen2 then provides its clients with an easy-to-use system for managing their own online custom Internet TV channel that is compatible with their existing scheduling software and includes proprietary features such as time-of-day programming, seamless playback, drag-and-drop video management and ad loading. In addition, Gen2 provides turnkey management and marketing solutions to help its clients maximize traffic and viewership of the channels. Finally, the analytics and referral engine inherent in Gen2's Digital Video Publisher Application provides real-time tracking and robust reporting capabilities of critical performance and user behavioral metrics.
Mary Spio, Gen2Media President, noted, "The overwhelming popularity of online video, when coupled with enabling technology like ours, is fueling a profound universal shift in the media industry; and creating a wealth of high growth opportunities and compelling new advertising strategies that are rapidly transforming 'traditional' media companies into rich, multi-dimensional news and entertainment platforms."
About Gen2Media Corporation
Based in Orlando, Florida, Gen2Media is a full-service digital media, technology and marketing company and owner of the world's first true end-to-end online interactive network that embodies the best of broadcast and broadband. The Company combines world class content creation and production with a cutting-edge, patent-pending Digital Video Publisher and Smart Content Management System(TM), back-end metrics and marketing expertise to achieve quantifiable results for its blue chip partners and customers; and to create rich, robust and engaging branded entertainment and infotainment for consumers both directly and through a number of blue chip channel partnerships.
Partners include Microsoft Xbox, TiVo, Clear Channel, Emmis Communications, Regent Communications, Salem Communications and others. Additionally, Gen2Media's acclaimed production team has handled live concert and video production for some of the most high profile entertainers and events in the world, including Mary J. Blige, Justin Timberlake, Britney Spears, The Billboard Awards Show and Live 8. For more information, please visit www.gen2media.com.
Statements made in this Press Release that are not historical or current facts are "forward-looking statements." These statements often can be identified by the use of terms such as "may," "will," "expect," "believes," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. These factors include, among others, adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to capitalize upon access to new markets. The Company disclaims any obligation to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. These factors and others are discussed in the "Management's Discussion and Analysis" section of the Company's Reports on Form 10-K for the fiscal year ended June 30, 2008 and Form 10-Q for the quarter ended December 31, 2008.
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