LAS VEGAS, Dec. 5, 2005 (PRIMEZONE) -- miNetwork Group, Inc. (Pink Sheets:MWKG) is pleased to announce the launch of the first commercial web portal to be deployed utilizing the proprietary compression algorithms and codec developed by the corporation's video compression technology partner, CSC Global Technologies Corp. Further to the marketing agreement, previously announced between miNetwork and CSC Global Technologies, the corporations have participated in the launch of hollyflicks.com to demonstrate and commercialize the Video on Demand capabilities of this unique compression technology, with built in digital rights management capabilities. Hollyflicks.com currently has just over 250 classic movie titles available for the consumer to purchase on a per movie basis at $3.99, or to purchase a $25.99 monthly subscription and download and watch as many movies as they wish.
The web site was created to clearly demonstrate to the industry that a full length feature film can be downloaded in less than twenty minutes with a high speed Internet service, and that the digital rights management software, which is embedded in the stream, will protect the content from being shared and that the content will expire from the cache on the consumer's machine based on the pre-set time duration established by the service provider.
The corporation is currently working with a number of video content providers to expand the library of content for hollyflicks.com, as well as offering to compress and host streaming video content for other service providers of Internet television or commercial web portals delivering streaming video services. This service is offered to other service providers and content holders by way of a yearly license fee and a revenue sharing formula, based on the volume of content distributed through the service providers web site. The corporations are testing and plan to release the delivery of this video content to wireless peripheral devices, such as a pocket pc in the first quarter of 2006.
"After being repeatedly told that it was impossible to achieve compression ratios that would allow a user to download a full length movie in less than twenty minutes and that it was impossible to view this file with full screen resolution, we decided it was time to build a commercial site to do exactly that," reported Mr. Gary Saundh, President of CSC Global Technologies. "Our business strategy that has been created with miNetwork is to license and enable content providers to deliver unmatched streaming video quality on the web utilizing our technology. However, in the video compression industry it has become a show me first game, that is why we decided to launch hollyflicks.com," added Mr. Saundh.
"Unlike NetFlix and others, there is no need to wait for days to receive DVDs in the mail; hollyflicks.com allows the consumer to purchase and start watching videos within minutes. This web site will allow miNetwork to quickly respond to calls being received by the corporation from both existing streaming video content providers and from producers of independent content that are not able to achieve cable or television network distribution agreements, but simply want to offer their content to the viewing public," commented Mr. Dan Pacholik, President of miNetwork. "Interested parties should call 1-800-975-9624 ext 82 or email us at info@mi-network.com," added Mr. Pacholik.
About CSC Global Technologies Corp.
CSC Global Technologies Inc. is a Calgary, Alberta, Canada based technology company, with revolutionary video compression based solutions, which include video and audio codecs that simply deliver the very best streaming video viewing experience. CSC is in the business of empowering content providers to deliver the very best quality in video conferencing, video on demand or live video streaming applications for their customers.
About miNetwork Group, Inc.
miNetwork Group, Inc., is an Internet based marketing and distribution company focused on the migration of real world Internet products and services from a fixed location service to the wireless devices and access points now being deployed globally.
On Behalf of The Board of miNetwork Group Inc. President -- Dan Pacholik
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.