TEL AVIV, Israel, April 14, 2004 - Technoprises Ltd. (OTCBB:BVRTF), a global provider of end-to-end cross-media integration for "seamless computing", today announced the launch of its worldwide-patented network-based software solution for a unified communication platform over digital television (DTV) called TVgate.
TVgate, acquired in 2003 from Comverse Technologies (Nasdaq:CMVT), leverages its cross-industry extensive knowledge in Digital and Interactive TV (iTV), as well as wire and wireless communications to transform traditional home television sets into central communication and entertainment consoles. By merging interactive services and television, subscribers can interact in new ways with their favorite entertainment outlets. To date, over $13 million has been invested in research and development.
According to IDC, it is projected that 85% of all digital pay TV subscribers worldwide, approximately 260 million, will use iTV services by the end of 2006 generating revenues estimated at $4.8 billion.
TVgate is targeted to digital cable and satellite TV operators, enabling them to take advantage of triple-play (video, telephony and data) opportunities. It uses a DTV communication system based on the concept of "one management system, one provisioning system and one user profile database" to support a suite of integrated messaging applications. These include TV-Email (T-mail), TV-Telephony, TV-Voicemail, TV-SMS, Caller-ID over TV, TV-Instant Messaging, TV-Chat, TV-Fax (T-Fax) and Videomail.
Prosper Abitbol, Chairman and CEO of Technoprises, said, "TVgate is a great way for digital cable and satellite TV operators to expand their services and customer base and generate additional revenues. As part of our TCrossMedia concept, TVgate gives telcos a reliable and lucrative solution to offering customers messaging and other communication applications."
About Technoprises Ltd.
Technoprises is a global provider of end-to-end cross-media integration for "seamless computing." A subsidiary of the Apros & Chay Merchant Bank, it was formed through the strategic roll-up of companies to optimize synergies of their respective businesses. Since 1995, R&D investments in the technologies owned by the company totals approximately $40 million. Technoprises has seven patent applications -- six are pending and one was approved in 2003; it also has the exclusive license rights to a patent for InfoStyle -- a technology to distribute targeted media to customers based on a profile of up to 28 unique ways of processing information. The Company's divisions are TCrossMedia, which includes TVgate, Watchow and EVR. For more information visit, www.technoprises.com or www.tcrossmedia.com.
Safe Harbor
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of BVR Technologies only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's affiliates' products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR Technologies undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.). This press release is available at www.technoprises.com and www.portfoliopr.com.