Protocall Technologies (PK) (USOTC:PCLI)
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TitleMatch Entertainment Group, a subsidiary of Protocall Technologies
Incorporated (OTCBB:PCLI), today announced completion of a distribution
deal with Eros Entertainment Inc. (LSE:EROS.L), one of the world’s
largest producers and distributors in the multi-billion dollar market
for films from India – often referred to as “Bollywood.”
The agreement will make a wide range of Eros new release and catalog
movies available through the TitleMatch DVD On-demand™
service.
Sales of Bollywood movies in the U.S. represent a $1.5 billion yearly
market that is expected to grow by 16% annually over the next five years –
bringing U.S. sales to over $3 billion. The category does more business
in the U.S. than films from any other country, according to the Internet
Movie Database, an organization that tracks box office sales in several
countries. Eros represents nearly 70% of all Bollywood movie titles
marketed around the world.
“TitleMatch offers an intelligent way for us
to quickly expand our market presence in the retail channel,”
said Ken Naz, CEO of Eros U.S. operations. “The
TitleMatch service is unique in its ability to eliminate inventory
manufacturing and shipping costs, which can be quite significant.”
Today’s announcement follows a recent deal
with Internet retailer Overstock.com and the January unveiling of a
first of its kind DVD On-Demand system that uses the Content Scramble
System (CSS) encryption, which has been deemed essential by most major
Hollywood studios for on-demand production of premium entertainment.
“Eros commands a significant presence in the
international movie industry and their movies represent an enormous
revenue opportunity for TitleMatch and our retail partners,”
said Syd Dufton, President of TitleMatch Entertainment. “Bollywood
movies in particular are growing in popularity here in the U.S. and our
DVD on-demand service is the perfect way to bring more of these and
other popular movies to market. Our shareholders and customers should
look forward to more exciting announcements as momentum for our service
continues to grow with Hollywood studios and retailers.”
The TitleMatch DVD On-demand system lets movie studios and retailers
burn video content directly in stores and at website distribution
centers at the time orders are placed. For online orders, consumers
browse and select available titles from an etailer's website with orders
produced at product distribution centers or store locations by using the
system's TitleMatch Factory™. At retail
stores, consumers can browse and select available products from
multi-media touch-screen display terminals located on the sales floor.
Orders are produced behind the counter on the TitleMatch Factory by
store personnel in minutes.
About Eros International plc
Eros International plc, an integrated media and entertainment company,
is a global player in the Bollywood arena. Eros operates on a vertically
integrated studio model - producing films as well as distributing films
across formats globally via cinemas, home entertainment, television
formats and new media. Established in 1977, Eros International has three
decades of market leadership as an international owner-distributor of
Indian films. The company operates in over 50 countries with worldwide
offices in India, UK, USA, Dubai, Australia, Fiji and Isle of Man. It
has built a business model around the release of new films and the
exploitation of a film library containing more than 1,300 titles, making
it one of the largest content owners in the business. Other business
streams include high-definition DVDs, mobile downloads and on-demand
digital online services. Visit www.erosentertainment.com
for more information.
About TitleMatch Entertainment
A division of Protocall Technologies Incorporated (OTCBB:PCLI),
TitleMatch Entertainment Group is the innovator of on-demand content
distribution. Its flagship TitleMatch DVD On-Demand(TM) service allows
retailers to burn brand-name CD and DVD products at their stores and
website distribution centers. The company's proprietary systems enable
retailers to reduce their reliance on costly physical inventory, expand
their selection of products, eliminate shrinkage and out-of-stock
situations, speed time to market for new products and improve their
operating margins with minimal space requirements. In January 2007,
TitleMatch unveiled a first of its kind DVD On-Demand service with CSS
(Content Scramble System) encryption, the same content protection scheme
used on mass-produced discs and incorporated into all DVD players. Visit www.TitleMatch.com
for more information.
The information contained in this news release, other than historical
information, consists of forward-looking statements that involve risks
and uncertainties that could cause actual results to differ materially
from those described in these statements. Forward-looking statements
regarding the timing of developing, testing and releasing existing and
new products, of marketing and selling them, of deriving revenues and
profits from them, as well as the effects of those revenues and profits
on the company's margins and financial position, are uncertain because
many of the factors affecting the timing of those items are beyond the
company's control.