MONTREAL, April 11, 2011 (GLOBE NEWSWIRE) -- Hipso Multimedia Inc. (OTCBB:HPSO) today announced that it has signed a long term distribution agreement with LEVEL Vision Electronics Ltd. The five (5) year renewable distribution contract with LEVEL Vision includes the distribution in North America of its breakthrough 3-D Television screens technology, including High Definition, LCD screens and computer monitors for commercial applications. Hipso will deploy and bring to market a unique new multimedia solution to revolutionize the advertising market.
René Arbic, CEO of Hipso Multimedia Inc., stated: "The new LEVEL Vision 3-D screens do not require special goggles. By adding these extraordinary displays to our products line we extend the reach of our existing network to a segment of the advertising industry that is in constant search for new media formats. With the signing of this distribution license, we have solidified Hipso in terms of its network footprint, recurring revenue base and the high quality of its assets."
"We are proud to be associated with Hipso Multimedia and be a part of their North American digital signage deployment network, says Jean-Francois Lefebvre, Vice-President of LEVEL Vision Electronics. "Our 3D Displays gives the impression that the image is up in the air, floating out of the screen. The projecting 3D image grabs the viewers' attention and gives instant brand recollection. We believe that our 3D displays are what the advertising industry needs to elevate its digital signage networks to another level."
LEVEL's 3D screens were also on display at the CES Convention in Las Vegas and The Beijing Olympics.
For more information on this breakthrough technology see:
http://www.levelelectronics.com/level/LVE/our_technology.htm
About LEVEL Vision Electronics
LEVEL Vision Electronics is an ODM / OEM designer and manufacturer of consumer electronics primarily concentrating on the world's emerging markets. Through its Unique Business Model, LEVEL works hand-in-hand with the Telcos to customize the products to their specific targeted market requirements. Its current products can be found online at www.levelelectronics.com
About Hipso Multimedia Inc.
Hipso Multimedia, Inc., through its wholly owned Canadian subsidiary, Valtech Communications Inc., provides cutting edge technology and service in the triple play telecommunications industry. It intends to become a major force in the IPTV (Internet Protocol Television Broadcasting) arena in retail and wholesale markets.
Please visit www.HIPSO.tv and www.VALTECH.ca for additional information.
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements are made based upon information available to the Company as of the date of this release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to, dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time within Hipso's filings with the Securities and Exchange Commission.