B2 Digital

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01.12.04 14:55

125 Postings, 7342 Tage waltiB2 Digital

B2Digital Signs Letter of Intent to Provide Digital Streaming to Videomoviehouse.com; Increases Market Share in $22 Billion Home Entertainment Industry
BEVERLY HILLS, Calif.

B2 Digital, Inc.
Robert Russell, 310-281-2571
or
OTC Financial Network (Investor Relations)
Geoffrey Eiten, 781-444-6100 ext. 613

B2Digital, Inc. (OTCBB:BTWO), a provider of pay-per-view and digital services, announced today that it has entered into a letter of intent to provide Videomoviehouse.com (OTC:VHMVF) B2Digital's digital media streaming services, including its set-top-box equipment. This agreement allows Videomoviehouse.com subscribers to order and view movies on-demand, directly into their homes via B2Digital's set-top-box equipment. Based on its current subscriber base, VMH will target sales of B2Digital's service to more than several hundred thousand consumers.

Robert Russell, CEO of B2Digital, stated, "With this agreement, we will increase our market share in the explosive $22 billion home entertainment market. Our U.S. presence for our digital technologies continues to grow, in addition to select global markets. We are excited to provide services to Videomoviehouse, a profitable company, which represents a new sales vertical for our services."

Jim Carroll, COO of VMH, stated, "Our growth strategy is focused on diversifying our revenues sources. We have selected to partner with B2Digital based on their innovative and cost-effective technology platform. This relationship marks our first entrance into the exciting, digital-streaming marketplace. By expanding our sales direct to digital, we can eliminate traditional costs associated with shipping and handling and strengthen operating efficiencies and profit potential for both parties."

About Videomoviehouse.com

Videomoviehouse.com sells videotapes, DVDs, and CDs over the Internet to U.S. and Canadian audiences. The company carries over 60,000 movies, bringing used and new directly to consumers. Videomoviehouse.com receives thousands of hits a day, 7 days a week, 24 hours a day. For more information, visit http://www.videomoviehouse.com or call 1-888-825-1187.

About B2Digital, Inc.

B2Digital, Inc. is a provider of video-on-demand and pay-per-view services to the hospitality industry. The Company is currently marketing hi-speed Internet access products, including high-end Wi-Fi (wireless fidelity). B2Digital markets its TV Video on Demand set-top-box system and its B2WAP Wireless Point-to-Point service to hotels and multiple-dwelling units worldwide. B2Digital is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please visit http://www.b2digital.com or for investor relations go to: http://www.otcfn.com/btwo.

This press release contains forward-looking statements involving risks and uncertainties, including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks, and uncertainties that may cause actual results, events, and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-KSB as filed 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 hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

 

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