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CTE to Offer Internet-Accessible Electronic Games19 April 2005
Commonwealth Telephone Enterprises, Inc. ("CTE") (NASDAQ:CTCO - News), today announced that it will soon begin offering Internet-accessible electronic games to its customers as a result of the signing of agreements with two premium game companies: Zone4Play, Inc. (OTCBB:ZFPI - News), a provider of multi-platform gaming solutions; and Exent Technologies, a provider of secure digital delivery of CD-quality games. CTE expects to launch the services of Internet games in the 2005 third quarter. The Internet games offerings will add an exciting entertainment component to CTE's existing portfolio of voice, video and data services. CTE will offer the new services to residential customers in the combined footprint of the company's two primary operations: Commonwealth Telephone Company ("CT") and CTSI, LLC ("CTSI").
CTE's agreement with Zone4Play will enable subscribers to select from a suite of single and multi-player games, as well as play-for-fun casino type games. The suite of multi-player games includes Texas Hold'em Poker, Bingo and Blackjack; additional games include Roulette, Slots, Video Poker and Caribbean Poker. All of the games will be accessible via the Internet.
The "Games on Demand" solution from Exent Technologies, also Internet accessible, will allow subscribers to download and play full-version PC CD-ROM games spanning a wide range of genres, including top game brands from leading publishers in the strategy, action, simulation, sports, and casual gaming genres. In addition, a wide variety of children's and family software will also be available, featuring Clifford the Big Red Dog, I SPY, Freddi Fish, and a complete array of education-oriented selections.
"We are excited to give our customers the ability to select from an outstanding portfolio of games, as a result of our agreements with both Zone4Play and Exent Technologies," said DG Gulati, CTE's senior vice president - Operations Strategy and Development. "The variety of game selections - from casino to adventure to educational - will ensure that there is something for everyone to enjoy. Our agreements with both Zone4Play and Exent Technologies allow CTE to provide its customers with an outstanding entertainment component to our existing suite of voice, video and data products and services."
Gulati noted that there will be a set monthly subscription price for the "Games on Demand" package, and another one for the casino type game packages. "The monthly subscriptions will enable customers to decide what games they want to play, and when they want to play. They don't have to worry about selections being out-of-stock, or late fees, as you would with store rentals; plus customers will have the convenience of one bill for all of their CTE services, including Internet games," added Gulati.
"We are honored to propose some of our best portfolio games to CTE's customers," said Idan Miller, senior vice president of Marketing and Sales at Zone4Play. "Our multi-player games, and especially the multi-player Texas Hold'em Poker - the most playable game on the Internet today - and our new ground-breaking multi-player Black Jack, will add tremendous opportunity for fun and excitement," Miller noted.
"Both CTE and the consumer will benefit from the tremendous value that 'Games on Demand' brings," said Zvi Levgoren, CEO, Exent Technologies. "Exent's services have a track record of increasing revenue and reducing customer churn for broadband providers by giving customers the ability to access hundreds of high-quality games for one affordable price," stated Levgoren.
About CTE
Headquartered in Dallas, PA, Commonwealth Telephone Enterprises, Inc., serves business and residential customers with a full array of technologically advanced data and voice telecommunications products and services, including broadband data services and high-speed Internet access, delivered over its 100% digitally switched, fiber-rich network.
CTE's primary operating segments are: Commonwealth Telephone Company ("CT"), the nation's seventh largest publicly held independent local exchange carrier, which has been operating in various rural Pennsylvania markets since 1897; and, CTSI, LLC ("CTSI"), a local exchange carrier operating in competitive markets outside CT's territory, that formally commenced operations in 1997. Jack Flash®, a broadband data service that uses DSL technology to offer high-speed Internet access and digital connectivity solutions, is offered throughout CTE's service territories. CTE's support businesses include epix® Internet Services (www.epix.net), one of the Northeast's largest rural Internet Service Providers ("ISPs"), and Commonwealth Communications, a provider of telecommunications equipment and facilities management services.
A web site featuring current information regarding Commonwealth Telephone Enterprises, Inc., can be found on the Internet at www.ct-enterprises.com. However, the information on this web site does not form a part of this release.
About Zone4Play
Zone4Play Inc. (www.zone4play.com) designs interactive game applications and solutions for the Interactive Television, cellular networks and Internet markets. Its cross-system product line allows access to a variety of platforms with only one user account. Zone4Play also specializes in Back Office solutions for these systems and markets a wide range of hi-tech support and management products. Zone4Play is listed on OTCBB and trades under the symbol ZFPI.OB.
About Exent Technologies
Exent is the market leader in technology and service solutions for secure digital delivery of gaming and application software for service providers seeking to digitally distribute, manage and monetize a digital, on-demand games and applications service. Exent delivers products and solutions that support software publishers, broadband service providers, brand owners, consumer portals, retailers and others.
Exent technology enables all standard business models - purchases, subscriptions, rentals, try-before-you-buy - for applications of any size. Exent Digital Rights Management solution dramatically lowers software piracy and ensures enforcement of licensing restrictions. Exent's EXEtender(TM)-based products and services are currently in commercial use by Comcast, Yahoo!, Bell Canada, RCN, Atari-On-Demand, Deutsche Telekom, Wanadoo/France Telecom, Telefonica, KPN, Telenet, Telenor, Fujitsu, Swisscom and other leading service providers worldwide.
Major shareholders of Exent include Time Warner, Comcast, Concord Ventures and New Enterprise Associates. The company has offices in Bethesda, Maryland and Tel-Aviv, Israel. For more information, please visit http://www.exent.com/.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and CTE intends that such forward-looking statements be subject to these safe harbors. Such forward-looking statements involve risks and uncertainties that could significantly affect expected results in the future differently than expressed in any forward-looking statements made by CTE. These risks and uncertainties include, but are not limited to, uncertainties related to CTE's ability to further penetrate its markets and the related costs of that effort, economic conditions, acquisitions and divestitures, government and regulatory policies, the pricing and availability of equipment, materials and inventories, technological developments, reductions in rates or traffic that are subject to access charges, changes in the competitive environment in which CTE operates and receipt of necessary regulatory approvals.
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Contact:
Commonwealth Telephone Enterprises, Inc. ("CTE")
David G. Weselcouch, 570-631-2807
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Source: Commonwealth Telephone Enterprises, Inc. ("CTE")
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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