iLive Inc. (OTCBB:LIVE - news; www.ilive.com) is pleased to announce that they have added an additional 25 hours of how-to instructional video content.
At home, video consumer spending reached $20.6 billion in 2000 and is projected to grow to $31.1 billion by 2010. This represents a significant market in which the company looks to grow market share.
Commenting on the acquisition of content, Scott Henricks, the company's president and CEO added: "We look to continue to provide our users with a wide variety of entertaining and educational content. Our recent library additions will add to the iLive experience by providing more choices for our discriminating viewers.''
iLive is a broadband streaming media company that has produced in excess of 250 episodes, viewable on the Internet. iLive assists companies in the development of online entertainment and content as well as producing online pay-per-view content for its own customers.
Currently, iLive is developing a business-to-consumer model that focuses on online entertainment, which include a wide array of shows from celebrity homes, behind-the-scenes episodes, how-to instructional videos and classic television episodes.
This announcement contains forward-looking statements that involve risks and uncertainties. More information about potential factors that could affect iLive Inc.'s business and financial results is included in the company's quarterly reports on Form 10-Q on file with the U.S. Securities and Exchange Commission. The company cautions investors that its business and financial performance are subject to substantial risks and uncertainties.
Web site: http://www.ilive.com Investor Info: http://www.ilive.com/aboutus.phtml Executive Summary: http://www.ilive.com/execsummary.phtml Corporate Video: http://www.ilive.com/corp_video.phtml