Jetz Broadband Pte. Ltd. Announces the incorporation of their Company in Singapore.

Singapore, June 08, 2005. Jetz Broadband Pte. Ltd., today announced the incorporation of this Company in Singapore . Jetz Broadband has been set up with the objective of providing cutting edge technologies for comprehensive solutions in the field of content management, storage, security and high through-put delivery – at broadcast quality - over IP networks. Harnessing inherent strengths, gained both in hardware and software by over 150 man years of experience in the broadcast video, telecom and digital imaging industries, the Company seeks to provide total and integrated solutions to all streaming video and audio needs In essence, Jetz Broadband will be providing one-stop solutions to all services such as Video on Demand (VOD), IPTV or Triple Play at broadcast quality. Tightly integrating off-the-shelf hardware - for low-cost solutions, with custom-tailored software - for particular user requirements, Jetz Broadband will be giving its customers a significant edge in quality to cost ratios.

Ashish Mukherjee, President of Jetz Broadband, had this to say, “VOD, Triple Play, IPTV… yes, these are the needs for today’s home entertainment and today’s corporate information dissemination environments. These are the buzz words so to speak. But at what price and at what price to quality levels? What we are seeking to achieve and, more importantly, what we have been able to achieve is the integration of non-proprietary hardware with tightly integrated and customisable software solutions. To our customers it means more ‘bang for the buck’. To the end users it means broadcast quality VOD at prices that don’t cost an arm and a leg.”

Raghu Rajagopalan, Managing Director, said, “ Jetz Broadband has been set up to deliver a rather unique solution to the market. It goes rather a bit beyond being just a VOD server. On the surface of it the Jetz solution is just that - a solution. But actually it’s quite a bit more - it’s a complete solution; and it’s one that works across all kinds of IP networks - Ethernet, ADSL, Cable - even wireless. Moreover, by the very nature of its architecture, our product is completely scalable. If your need is for a single-location, content delivery network we can deliver it. If your need is for a multi-location, distributed network, we have the answer for that. And all the while we can deliver high-throughput, multi-stream, broadband content - at broadcast quality”

In concluding, Mr Mukherjee and Mr Rajagopalan affirmed that the Jetz product line would be completely modular and would be marketed as both a complete package solution or as component solutions. They stated that more product details would be forthcoming in future press releases.