May 18, 2001 08:27am
Private Media Group Launches Broadband Adult Web Site PrivateSpeed .com in Cannes
Source: Private Media Group Inc.
by: Company Press Release
(BARCELONA, Spain) -- Private Media Group Inc., the worldwide leader in premium-quality adult entertainment products, services and internet content, today announced the launch of revolutionary internet broadband site PrivateSpeed.com.
PrivateSpeed.com is the latest high-tech offering from Private Media, the unprecedented leader in adult internet entertainment. Given a gala launch from Cannes, France during the city's 2001 Film Festival, PrivateSpeed.com is now available to over 12 million broadband home web users. Prices vary between $14.95 for 90 minutes of pre-paid movies, $24.95 for 180 minutes and $44.95 for 360 minutes. The company anticipates PrivateSpeed.com will be an instrumental factor in achieving the expected 60% growth of its internet division.
Streaming services were provided by itvmedia AG, a leading European Streaming Media Company (www.itvmedia.com). The Zurich, Switzerland headquartered itvmedia AG, known for innovative technologies in the field of New Media, secured a high resolution streaming quality on full screen, utilizing both, their own proprietary technology and the latest version of Microsoft Windows Media technology in an end to end solution -- using a 80 - 500 kb surestream.
Nearly 12 million home Web users accessed the internet with a high-speed connection in December 2000, as compared to 5 million people during the previous December. High-speed internet access, including cable modem, ADSL/DSL, T1 or T3, jumped 148 percent among home internet users in December 2000 as compared to December of 1999, according to data from Nielsen//NetRatings. Streaming media is one of the main incentives prompting users to switch to high-speed web access, which is fast becoming the must-have service in the home due to improvements in quality, ease-of-use, and accessibility.
The leading publicly-quoted adult entertainment company in the world, 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 economy (internet, multimedia, e-commerce) and old economy (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.
For more info about Private Media Group, please visit the Company's corporate Web site at www.prvt.com.
To view the new site, please go to the following link: www.privatespeed.com
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 judgements 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.
For further information about Private Media Group, please contact: In Barcelona, Spain: Andre F. Ribeiro, +34.679.983.772, andre@private.com. In New York, USA: Ted Nemeth at Quinto + Company, +1.212.965.1146, prvt@quinto.com.
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