August 08, 2003 12:00am
Private Re-launches Broadband Portal PrivateSpeed.com
Source: Private Media Group Inc.
by: Company Press Release
(BARCELONA, SPAIN) -- Private Media Group Inc. a worldwide leader in premium-quality adult entertainment products, services and Internet content, announces the re-launch of its revolutionary adult broadband, video on demand portal PrivateSpeed.com.
PrivateSpeed, one of the most advanced Video-On-Demand portals, now offers the option of digitally downloading full-length, full-screen, DVD-quality DivX films using state-of-the art downloading technology from DivXNetworks. The films can be watched at any time, day or night, whether or not there is an Internet connection, because they are stored locally on the PC. Additionally, due to a partnership with GoInternet, the broadband portal offers full-screen streaming viewing of Private films at the highest streaming quality currently available. The portal allows users to browse an extensive film catalogue, find films using the content categorization or search features, and buy tickets that enable them to begin watching movies immediately. Other features of the site are one-click purchasing, hardcore trailers, extensive movie reviews, and free lifetime memberships.
Charles Prast, CEO of Private Media, commented: "The PrivateSpeed video-on-demand portal is yet another fantastic product our company has developed. Since its launch, Private Speed has attracted tens of thousands of subscribers. Private's movies can now be watched at the highest possible quality thanks to DivX, one of the most exciting breakthroughs in video technology on the Web. This state-of-the art downloading technology now makes 'renting' our movies as easy as downloading an MP3 file. Private has earned a reputation for pushing the limits of new technology, and we are proud to once again offer the most state-of-the-art technology currently available."
A quote from Jerry Barnett, Managing Director of Go Internet Ltd: "We are delighted that Private Media Group, a world leader in their field, has chosen Go Content pay-per-view platform for the relaunch of Private Speed. The combination of Private's world-leading content, coupled with Go Internet's technology and hosting services has created an outstanding web site that is already showing great commercial promise."
High-speed internet connections, which function at speeds ranging from 2 to 100 times faster than a conventional modem, are fast becoming a must-have service in homes due to improvements in quality, ease-of-use, and accessibility. Forrester Research estimates that 28 million European households--or 38% of online users--will have broadband access in 2005 while Jupiter Media Matrix predicts that more than 40 percent of the U.S. online households will use high-speed connections by 2006.
A leading publicly-quoted global adult entertainment company, Private Media Group Inc. Is the founder of the globally established brand name 'Private' and has positioned itself in the marketplace with a visionary management strategy that combines both New Media (Internet, multimedia, e-commerce) and Traditional Media (videos, magazines) business models. Maintaining a total adult lifestyle philosophy, this is reflected in the Company's broad range of products and services, both proprietary and licensed, and its strategic policies of development, diversification and acquisition.
This release contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because these statements are forward-looking and apply to future events, they are subject to unpredictable circumstances, which could lead to results materially different from those anticipated by the Company.
To view the new broadband portal, please go to the following link: www.PrivateSpeed.com
Source: Private Media Group Inc.
About Go Internet and Go Content Go Internet Ltd of Cam den, London, UK has been a leader in e-commerce technology and services since its foundation in 1995. The Go Content suite of e-commerce products, launched in 2000, is a collection of reliable, scaleable, and highly configurable servers written using the Java programming language. Go Content is sold as a fully managed and supported service, including top-quality software, customisation, hosting and video/audio streaming services. Contact: Jerry@GoInternet.co.uk, phone: +44 (0)20 7419 0001
For further press information contact:
Richard Sharp Press Officer Private Media Group Inc.
Tel: +34 93 590 7070 ext.2345
Mobile: +34 647 722 012
Fax: +34 93 675 9079
Contact us PressRoom@Private.com
For more Private news info, please check our news site: News.Private.com
The common stock of Private Media Group, Inc is quoted on the NASDAQ National Market under the symbol 'PRVT'.