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Press ReleaseTvzin.com Purchases Internet Channel on Modf.tv for 11 Million DollarsBEVERLY HILLS, Calif., March 10, 2006 -- Today TVZIN announced the purchase of a channel from Modf.tv; this spring TVZIN will launch "Your Channel" on Modf that allows its users to stream their own programming locally from the Modf site."This is a key milestone for the business growth of TVZIN Networks, consolidating our position and reinforcing our strong partnership with Internet TV and Modf.tv," said Stasha Malotra, Vice President of TVZIN USA. "'Your Channel' will feature exciting innovative programming that will reflect local tastes and aspirations while retaining an international flavor." "We are confident that together with Modf.tv, 'Your Channel' will be able to fulfill our mission in becoming an Internet channel on Modf.tv that will serve the need of the young and dynamic families of all segments of the local markets it serves. We aim to reach the world's youth by delivering TVZIN programs, younger viewers through award-winning and educational programs on TVZIN, and of course the whole family with our own in-house programs that are made especially for families," mentioned Alice Lewis, President Director of TVZIN, when asked about her comment on the purchase of the channel from Modf.tv. The 12-hour stream will consist of "Your Channel Local" eight hours daily (Monday - Friday 09:00 - 13:00 & 23:30 - 03:00, Weekend 10:00 - 15:00 & 23:30 - 03:00) and TVZIN "Your Channel National" eight hours daily (Monday - Friday 04:30 - 09:00 & 14:30 - 18:00, Weekend 05:00 - 10:00 & 15:00 - 19:00), featuring kid-friendly shows to cutting edge music video programming that promise to be the ultimate destination for the world's youth between the ages of 2 and 34 years old. And for TVZIN, "Your Channel Global" will be consisting of an eight hour stream (Monday - Friday 13:30 - 14:30, 18:00 - 23:30, 03:00 - 04:30, Weekend 19:00 - 23:00 & 03:00 - 05:00). TVZIN and Modf.tv have seen tremendous successes. TVZIN has over 300,000 users in its first six months, while Modf.tv has experienced impressive growth and success, adding 30 million users. About TVZIN TVZIN delivers Internet addicts the best mix of media content; users can create custom channels of music video or film streamed via the Internet. About Modf.tv Modf.tv provides multi-channel distribution on a smart, trusted environment for Internet viewers. Modf offers Internet channels at local and national levels where operators and owners can provide advertisers an accountable, interactive opportunity to connect with a highly targeted consumer, and provides a turn-key multi-platform commerce destination for distributors. The company was founded and managed by a team of industry leaders, and backed by an advisory board of notable programming, advertising and financial executives. Press Contact: Robert Cohen V.P. Media Relations Robert.cohen@tvzin.com Phone: 1-484-720-3923 Website: http://www.tvzin.com |
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