EDL.L Regulatory News (EDL)

15 Aug 2005 07:01

TV Commerce Holdings PLC15 August 2005 TV psychics now reach out across the internet A new internet TV channel is today launched by TV Commerce Holdings plc, thefast-growing media and entertainment company. Viewers can now use the internet to watch the popular Your Destiny TV channel,which features live broadcasts of well-known psychics, astrologers andclairvoyants. It means Your Destiny, already broadcast by TV Commerce on Sky 694, becomesavailable anywhere in the world, including on internet-enabled mobile phones.There is no need for special software. Your Destiny generates revenues from premium rate telephony as viewers contactthe channel using voice calls, text and multi-media messaging to obtain live"one-on-one" readings. Strong interest in the service helped drive sales of£312,000 for the six months to June 30. TV Commerce Chief Executive Vince Stanzione said: "We are now offeringnear-TV-quality mobile viewing world-wide - at a fraction of the cost oflaunching a conventional satellite TV channel." TV Commerce envisages that web TV will continue to grow as more homes and usersconvert to broadband, and as better streaming technology becomes available. Thecompany is already exploring other potential niche TV channels for broadcast onweb TV only. The application being used by TV Commerce was developed by London-based web TVspecialists Narrowstep. As well as being able to watch live output, viewers cancall up TV schedules and watch previously transmitted programmes. Theapplication automatically adjusts for computer configuration and web accessspeed. Viewers simply go to www.yourdestiny.tv and click on the "Watch TV" button. Narrowstep Commercial Director Joe Trainor said "We were pleased to offerYour Destiny TV a cost effective and robust web TV platform, and we look forwardto working on new web TV projects together" For further information contact: Vince Stanzione, Chief Executive, TV Commerce Holdings plc: 01908 330 747 07712 651 777 Allan Piper, First City Financial Public Relations: 020 7436 7486 07736 064 982 This information is provided by RNS The company news service from the London Stock Exchange