NEWPORT BEACH, CA – Wi-Fi TV Inc. (PINKSHEETS: WTVN) announced in a webcast last night that it will be bringing live Internet TV to the multi-billion dollar online auction sales industry pioneered by eBay. What is unique about a Wi-Fi TV Auction is that in addition to a shopping cart which allows Wi-Fi TV users to place bids on items being sold, there will be a monthly live Wi-Fi TV auction. In this live auction, the last ninety minutes of bidding on items will be carried live on the home page of Wi-Fi TV with live video and audio.
“With live Internet TV coverage of the monthly live Wi-Fi TV Auction, for the first time all the excitement, video, sounds and action of a live auction combine with the type of online selling pioneered by eBay and loved by millions of Internet users around the world,” said Rachelle Kuzma, Director, Wi-Fi TV Inc.
Wi-Fi TV expects both themed and multi-topic live auctions, and is already lining up cars, wine, real estate, and other types of auctions. Wi-Fi TV will also make a final determination by next Wednesday whether it will be presenting the auctions in partnership with any other company.
Wi-Fi TV will present the auctions live at www.Wi-FiTV.com. Wi-Fi TV has also registered the URLs www.Wi-FiTVAuction.com and www.Wi-FiTVAuctions.com for use in directing Internet traffic to its unique new combination of online auctions and Internet TV technology.
The announcement regarding the Wi-Fi TV Auctions was made as part of a webcast by Wi-Fi TV founder and Chairman Alex Kanakaris which can be viewed at www.Wi-FiTVNewsblog.com.
TECHNOLOGY, CONTENT AND REVENUE
The webcast addressed, among other issues, the Company’s sale of Internet TV stations to small and large business, technology and content additions to its Social Internet TV(TM) website www.Wi-FiTV.com, global expansion strategy, revenue development, and corporate news. It also addressed the Company’s long-term valuation strategy.
ABOUT WI-FI TV
Wi-Fi TV(TM) is a pioneer of TV on the Internet. Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet, and provided the first online movie in December 1995.
Wi-Fi TV Inc. provides Social Internet TV(TM), a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster.
The Wi-Fi TV website (www.Wi-FiTV.com) is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a free dialer and make phone calls and host live video parties all on one website.
The Company was launched in 1995 and has been publicly traded since November 1997.
For information on purchasing a Wi-Fi TV Station, send an email to [email protected] or call 949-675-5011.
For press relations, contact Colby Marceau, 949-716-9397, [email protected].
