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May 9, 2006
SAN JOSE, Calif. -- Video4Networks, Inc. announced today the release of its Pay-Per-Minute Internet Video Services, putting streaming video content in the hands of many more users. The company's new offering allows any user to manage, serve, and track their multimedia and streaming video content using the internet. Customers can use this new service for adding a multimedia dimension to business, education, training, or personal communication.
Monthly subscriptions include package of minutes which customers can purchase and use for streaming video every month. "Our subscription plans work a lot like cell phone plans; you get a bucket of time every month at discounted prices per minute, and use it to make streaming video available to your viewers. We are the only company in our industry who can offer time based subscriptions to our customers," said Ron Sorisho, Chief Executive Officer of Video4Networks. Mr. Sorisho was inferring to several patent claims which the Company has filed in the past to protect its interest in this space. Traditionally, other competing companies sell their services based on data transfers which customers incur every month while distributing streaming video content. This system has proven to be burdensome and non-intuitive for most customers to correlate and track video distribution with data transfer.
The portal customers use to interact with the service is completely self serving, secure, and web based. There is no need to purchase or install special software and there are no long term commitments. Customers establish their account online and start using the service from their browser. "We focused on making the customer's web portal versatile, easy to use, and packed it with valuable features which satisfies a wide range of multimedia users with varying objectives," said Mr. Sorisho.
The company's goal with this product is to create a functional environment for anyone to use irrespective of their level of sophistication. "We've had customers wanting to use our product for simple things like showing their kids' video to family and friends located in various geographies, all the way up to complex implementations of multi-level corporate training programs," says Jay Lazarowich, the company's Chief Information Officer.
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