Aventura Holdings acquires technology and marketing rights for an IPTV solution for broadcasters and content providers from IPWebTV

December 27, 2007

2 Min Read

FT. LAUDERDALE, Fla. -- Aventura Holdings, Inc. (OTCBB:AVNT) announces today the acquisition of technology and marketing rights for an IPTV solution for broadcasters and content providers from IPWebTV, Inc., a Delaware Corporation.

Craig A. Waltzer, Chief Executive Officer for Aventura, said, "The IPTV broadcast technology acquired by Aventura from IPWebTV, Inc. (Delaware) is the first strategic purchase towards the Company's future direction. Aventura plans to capitalize on its new property by marketing custom infrastructure solutions to Internet Service Providers ('ISP') and Content Service Providers ('CSP'). Aventura will operate the business under a newly formed wholly-owned subsidiary IPWebTV, Inc., a Florida Corporation."

Waltzer stated, "The market for IPTV solutions is in its infancy and the market has caught the eye of Information Technology industry leaders. The bellwethers such as Cisco, Microsoft, Alcatel and Motorola have all launched product offerings on the hardware, software or solution side of the equation."

Waltzer further stated, "According to an Infonetics Research report, worldwide subscribers are predicted to swell to 53 million by 2009 with service providers investing rapidly on IPTV content and transport equipment. The Infonetics report projects in 2009, $26 billion in capex expenditures for IPTV infrastructure."

Waltzer concluded: "The Company anticipates immediately generating revenues as it has a ready-for-market solution. At the early stages, sales of the product shall focus on back-end operations, by providing testing and verification hardware and software solutions to broadcasters and carriers in the IPTV space. We believe that this niche market provides several unique opportunities for Aventura to grow out the business model. The Company will continue to seek out strategic opportunities domestically and abroad and team with other industry leaders to build on its newest platform of product offerings and expand that research to include content delivery systems."

Aventura Holdings Inc.

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