SEATTLE, Jan. 11, 2005 (PRIMEZONE) -- ReelTime Rentals, Inc., (Pink Sheets:RLTR) and Innovative Communications Technologies, Inc. (Pink Sheets:ICTN) announce plans to participate in the National Association of Television Program Executives Conference held January 25-27, 2005 in Las Vegas. NATPE is a global, non-profit organization dedicated to the creation, development and distribution of televised programming in all forms, across all platforms.
Ted Turner and FCC Commissioner Michael J. Copps will address NATPE 2005. Citing Ted Turner as an extraordinary example of the kind of vision, creative thinking and business acumen that is vital to the continued growth of the television industry, President of Distribution at Sony Pictures Television and NATPE Co-chair John Wesier said he could think of no one better qualified to open the NATPE 2005 Conference & Exhibition on Tuesday, January 25, 2005. NATPE Co-chair Stephen Davis, president of Granada America, added that FCC Commissioner Michael J. Copps will follow Turner as NATPE's featured speaker on Wednesday, January 26, providing insight into how future policy may impact the television business. (NATPE News)
ReelTime's CEO Alex Stanczyk along with Innovative Communications Technologies, Inc., CEO Barry Henthorn intend to demonstrate ReelTime's Intelligent Rapid Delivery System (IRDS) and discuss the future of digital media, telecommunications, and their convergence with a select group of participants. NATPE agenda topics of particular interest include "The Regulatory Landscape", "Interactive TV Goes Mainstream", and the "ITV Distribution Workshop".
"Since participating in my first NATPE convention in 1998, I have always been extremely impressed with the quality of and the amount of business that is initiated and/or formalized at this truly once a year opportunity. I am looking forward to the subjects and the level of discussions that will occur," says Barry Henthorn, CEO of Innovative Communications Technologies, Inc. (ICT).
About ReelTime Rentals, Inc.
ReelTime Rentals, Inc., headquartered in Bellevue, Washington, plans on renting movies in real-time to the living rooms of customers nationwide. Customers will have access to thousands of DVD-quality full-screen movies without the hassles of going to the video store or mailbox, nor the added expense of late fees. ReelTime offers a unique, new, and convenient approach to renting movies at home or elsewhere. ReelTime uses cutting-edge technology that brings high-quality video content direct to consumers, while taking unprecedented measures to combat the threat of piracy. Technology acquired from Innovative Communications Technologies, Inc., forms the basis for ReelTime's Intelligent Rapid Delivery System (IRDS).
About Innovative Communications Technologies, Inc.
Since 1989, Innovative has been a pioneer in the development and positioning of private telecommunications networks for businesses as well as other communications specific technologies. Innovative's proprietary technology and alliances with industry leaders now place the company at the forefront of the telecommunications industry. For more information visit the company's website at www.ict.net.
Safe harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding Innovative's expectations about successfully expanding its GPTN business and securing significant additional customers for its products or services. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the loss of a large customer, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of GPTN, the loss of any key personnel, tightening regulation of the communications technologies and channels used in our systems, our inability to introduce new services that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop or acquire technology that could erode Innovative's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.