Ottawa, Canada - November 14, 2006 - ZIM Corporation (OTCBB: ZIMCF), a mobile entertainment and Internet TV service provider, today announced it has launched ZIMTV and ZIMTV.mobi, an English based peer-to-peer ("P2P") Internet TV platform for personal computers and mobile phones. ZIMTV is an expansion of ZIM’s overall Internet TV strategy which also includes a partnership with PPLive.com, the world’s largest P2P Internet TV provider with over fifty million users.
ZIMTV provides a complete Internet TV (or "IPTV") broadcasting platform for content owners to distribute their content to millions of potential online viewers worldwide. ZIMTV will offer the following features to content providers:
ZIMTV.mobi will further expand ZIMTV by allowing the distribution of the content to millions of mobile phones and PDAs worldwide. .mobi is a top-level domain and is rrestricted to mobile devices and sites providing services for them on the mobile web. It is sponsored by a consortium of companies including Google, Microsoft, Vodafone, Samsung, Ericsson and Nokia. The domain was added to the global internet root in November 2005.
"We are excited at the opportunity to provide broadcasters worldwide with a platform to distribute their video content on the Internet and on mobile phones. ZIMTV offers content providers an attractive opportunity to create new revenues and new customers," said Dr. Michael Cowpland, President and CEO of ZIM. "
ZIMTV plans to be a leader in Internet TV. Based on peer-to-peer technology, ZIMTV will appeal to content providers as it is committed to protecting intellectual property. ZIMTV has an embedded digital rights management ("DRM") software that offers a secure solution for content providers as it limits the ability for end users to distribute, sell or pirate illegal copies of the content. Users of ZIMTV do not download video files on to their computer; rather the videos are streamed to their computers through the P2P infrastructure.
Unlike other Internet streaming platforms which charge large set up fees, monthly hosting fees and additional fees per gigabyte of bandwidth, ZIMTV offers unlimited bandwidth for a flat rate. ZIMTV was designed to provide end users with a smooth TV viewing experience with no interruptions. With P2P technology, the more users that are online, the faster the programs will load. ZIMTV scales well across existing infrastructure to enable hit programs to have a large viewer base with estimated bandwidth costs under $1/hour. It is estimated that other TV streaming bandwidth costs could be as high as $100,000 per hour to host an audience of one million viewers.
"We believe P2P technology to be a major breakthrough enabling global channels to be funded by advertising similar to traditional broadcast TV. There has been a huge surge in the demand for video and TV content on the Internet recently on sites such as MySpace.com and YouTube.com. Unlike these and other Internet streaming platforms, ZIMTV is based on P2P technology and offers an “always on” functionality to simulate the feeling of viewing traditional TV", adds Cowpland.
ZIM is a mobile entertainment and Internet TV service provider. Through its global infrastructure, ZIM provides publishing and licensing services for market-leading mobile content and for peer to peer (P2P) Internet TV broadcasting. For more information on ZIM and its customers, partners and products, visit: www.zim.biz.
For more information:
Roberto Campagna
VP, Sales and Marketing
ZIM Corporation
Phone: 1 613.727.1397 ext. 184
E-mail: rcampagna@zim.biz
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the success of ZIM’s mobile services and ZIM’s ability to enter the Internet TV market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM’s limited operating history, ZIM’s history of operating losses and expected future operating losses, ZIM’s ability to obtain additional financing when needed, ZIM’s ability to continue as a going concern, ZIM’s reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr. Michael Cowpland and other key personnel, rapid developments in technology, including developments by competitors, possible internal controls deficiencies and possible accounting adjustments resulting from our quarter-end accounting and review procedures, ZIM's ability to maintain current reporting under the Securities Exchange Act of 1934, and ZIM’s ability to successfully integrate any acquisition. Please refer to ZIM’s filings with the SEC for additional information regarding risks and uncertainties. Copies of these filings are available through the SEC's website at www.sec.gov. ZIM assumes no obligation to revise or update publicly the forward-looking statements included in this news release, other than as required by law.
