Petel Inc (Pink Sheets:PTEI), the Broadband TV and Digital Media specialists, today announce the award of the first consultancy contract for the new group operating division offering white label Broadband TV technology and consultancy services.
The group is pleased to announce that the newly formed division has won its first consultancy contract. Consultancy services are now being employed by a News Corp subsidiary multi-national cable and satellite TV broadcaster from its global services hub based in London, UK.
Negotiations are also underway with another cable and satellite TV broadcaster and the group expects to make further client announcements in the near term.
White label Broadband TV technology and consultancy 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.
Petel Incorporated was upgraded to ‘Current Information’ by Pink Sheets on the 21st of February 2008. The companies first 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