ORLANDO, Fla., May 21, 2007 (PRIME NEWSWIRE) -- Beere Financial Group, Inc. (Pink Sheets:BRFG), an equity holdings company, announced today that it has acquired Noble Technology Group, Inc., a marketer of state of the art data compression software used to reduce the bandwidth required to stream video and audio to various high tech devices.
Noble Technology Group, Inc. is an operating subsidiary of XStreamHD Technology Group, Inc., the exclusive marketer of the patent pending software called AMP (Accelerated Media Protocol).
AMP allows broadcasters and content providers to further reduce the HD stream into a bandwidth equal to current industry viable consumption rates for Standard Definition. In other words, a content provider streaming at 2.5 mb/sec for Standard Definition, can now stream High Definition with no required increase to bandwidth consumption. It is important to note that AMP is lossless, and therefore provides this improved signal with no damage to either picture or sound.
The product has been tested by major media providers and found to be a viable middleware solution for delivery of content to the end user with no required software downloads. AMP is an enabling technology to allow live streaming of HD content to computers and hand-held devices. In addition, content may be archived for on-demand access.
AMP has multiple uses, including IPTV, Cable Television, VOIP and Video Conferencing, and Hand-help devices. All cellular phone companies, media data transmission facilities, movie distributors, television broadcasters, social networking sites and live meeting providers have use for AMP, which will allow them to deliver a significantly improved audio and video experience. This market is a multi-billion dollar industry in need of this type of enabling technology to equal the quality of picture and sound of existing High Definition television broadcasts, finally allowing users access to HD media over IP both live and on-demand.
"Beere is committed to the expansion of both the Entertainment and Technology properties and this acquisition brings us one step closer to our goals. Our subsidiaries' continued growth in the music industry through development and distribution as CED has displayed by the recent acquisition of its MaxMex catalog and ARB's growth in the Wireless Broadband industry. With the addition of Noble Technology, Beere's expansion now reaches the Film and Video industries," states Steve Lane President of Beere Financial Group.
Beere Financial Group, Inc. is currently featured at AudioStocks, where a profile and other information may be obtained by visiting http://www.audiostocks.com
About Beere Financial Group, Inc.:
Beere Financial Group, Inc. invests in emerging growth companies with market-ready products, strong management teams, and strategies for developing high-growth companies in well-defined markets.
Safe Harbor
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.