OJsys, Inc., Announces Relocation of Its Executive Offices

SAN FRANCISCO, June 21  /PRNewswire-FirstCall/ -- OJsys, Inc. (Pink Sheets: OJSY), a developer and manufacturer of home media technologies, announces the relocation of its U.S. executive offices from San Jose, CA to San Francisco, CA.  OJSY's wholly owned subsidiary, NTN, Inc., was established in 2000 and is located in Seoul, Korea.  NTN develops and manufactures home media products that include receivers/set top boxes, satellite receivers, terrestrial receivers, receiver plus DVD RW combos, as well as media center PC devices including satellite receivers, home security devices, home automation devices, and digital recording (PVR) functions.  These products are designed to enhance entertainment within the users' homes. Sales revenues for 2006 were $6.8 million (a 26% increase from 2005) and net profit was $700,000.  OJSY projects sales revenue for 2007 will be $12 million with a net profit of $2 million.

OJSY's subsidiary NTN's customers to date have been European companies such as Amstrad and Dixon, and Middle-Eastern companies such as EuroStar.  In order to meet the growing demand for home media technology, NTN is currently expanding its customer base to include U.S. businesses.  Parks Associates, the internationally recognized digital home technology research firm, estimated that 82 million homes worldwide had installed home networks, both wired and wireless as of 2005, and that the total would balloon to approximately 145 million by 2010.

OJSY's CEO Henri Joubaud, said, "We ourselves are growing with the digital home technology boom.  We are encouraged by the fact that the products we offer are what consumers are using worldwide and that we will find more and more people that use the NTN devices and products."

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the safe harbors created thereby. These forward-looking statements are based on current expectations and projections about future events and financial trends. The words or phrases "believe," "will," "expect," "should" and similar words or expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. The forward- looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among other things, a concentration in the Company's revenue from certain services and clients, a limited backlog, the Company's ability to expand its markets, limited financial resources, dependence on key personnel, the integration of acquired businesses and competitive market conditions. These are representative of factors which could affect the outcome of the forward- looking statements.  In addition, such statements could be affected by general industry and market conditions and growth rates, general domestic and international economic conditions and future incidents of terrorism or other events that may negatively impact the markets in which the Company competes. The Company undertakes no obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise. 

DATASOURCE: OJsys, Inc.



CONTACT:  Paul DeRiso of Core Consulting Group, [phone],

[phone], fax, or , for OJsys, Inc.

Copyright