LAS VEGAS, March 10, 2009 (GLOBE NEWSWIRE) -- Principal Capital Group (OTCBB:PCGI) announced today that it has entered into a definitive acquisition agreement for the acquisition of the ICE Mobile, a revolutionary live real-time streaming mobile phone technology being offered by Keep It On Ice, Inc., (www.keepitonice.com). The ICE Mobile is a real-time mobile device that disseminates information to both the Internet and to other Ice Mobile users, with capabilities that surpass those of all other smart phones on the market. The ICE Mobile is being developed in conjunction with Intervision Network (Pink Sheets:IVSW) (www.intervisionnetwork.tv), whose CDN will power the live streaming component of the offering.
The ICE Mobile is a revolutionary cell phone that enables live, real-time point to multipoint dissemination of multimedia at a rate of 30 frames per second. Live moments can now be broadcast to other users who have the device or straight to the Internet. The ICE Mobile allows a user to obtain a "direct connect" two-way live streaming mobile audio and video with another ICE Mobile user. The ICE Mobile also provides direct access to a wealth of programming and media content.
Furthermore, the dual cameras on the phone, featuring 5.0 megapixels on the rear of the camera and 1.3 megapixels on the front, enable the user to record and disseminate high quality real time experiences. The ICE Mobile display has a 320 by 240 pixel resolution. Based on the Display aspect ratio, the pixel count on this display is 76,800. By comparison, the Apple II HiRes and Apple IIe Double HiRes display have a 140 by 192 pixel resolution and the pixel count on those products is 26,880.
The ICE Mobile is still in the final stage of testing and Principal Capital Group is planning a full-scale market launch. Pursuant to this acquisition, the Board is considering a corporate name change that will reflect the forthcoming mobile device offering.
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