Petel Inc (Pink Sheets: PTEI), the Broadband TV and Digital Media specialists today announce the formation of a new operating division to offer white label Broadband TV technology and consultancy services.
The new division has been formed to meet the demands of brand and channel owners by offering Broadband TV distribution, platform and video-on-demand services in particular. These services are now offered outside of the Petel wholly owned subsidiaries such as SexQube.TV and represent a logical extension of the Petel product and services portfolio.
‘We are very excited to make this announcement today, demand for our technology platform on a white label basis along with requests for consultancy services have now led us to form this new division internally’, says CEO David Morton, ‘we have already made some incursions in to this territory having agreed to provide white label Broadband TV services to one of our existing digital media clients Cannonball 8000 (8000 Inc OTC:EIGH) and we expect to make further client announcements in the near term’.
Petel Incorporated’s Quarterly Reports since debuting on Pink Sheets can be viewed here:
http://www.petel.co.uk/site/index.php? option=com_content&task=view&id=40&Itemid=52
Petel Incorporated’s forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page at www.petel.co.uk
Petel Incorporated’ Annual report is due to be published by the end of March 2008.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Petel Inc
Phil Evans, +44 (0)20 3239 9140
enquiries@petel.co.uk
www.petel.co.uk