Goldstone Technologies to source Echelon Studios' content

• Security Code: 531439
• Company: GOLDTECH

Goldstone Technologies Ltd on August 20, 2007 has announced that that it has entered into an agreement with the US-based Echelon Studios to boost its video library content for its Video-on-Demand subscribers.

Echelon Studios, based out of Los Angeles, acquires and distributes filmed entertainment worldwide. Echelon Studios will now provide the Company with more than 3,500 video titles to be offered to its subscribers. These include movies, cartoons and sitcoms.

The agreement with Echelon Studios is for a period of five years on a revenue-sharing basis. It will substantially boost the Company's existing library of movies and other video content. The tie-up will widen Company's array of western video content and will reiterate its objective of 'movie on demand' to global masses.

The Company will offer the Movie-on-Demand services along with the IPTV service initially in India and Asia Pacific countries like —Malaysia, Taiwan, Japan, Australia, New Zealand, Thailand, Hong Kong and Singapore.

Mr. Nandan Kundetkar, Chairman of the Company said, "We are walking on the path we had clearly chalked out, by increasing our presence in the global market, step by step. Tie-up will give us access to huge quality video content and will definitely help us boost video-on-demand subscribers."

After acquiring Hindi and English film titles, and aiming at other languages such as Chinese, the Company will now be one step closer in accomplishing its goal of being an impeccable video-on-demand provider to millions of home viewers worldwide.

Recently the Company also had a similar understanding with one of India's largest home entertainment Company - Shemaroo for having access to more than 600 Hindi and other Indian regional movies and other video content.

The Goldstone IPTV Network is the only network of its kind in the world to provide full- fledged services ranging from live channels, Video-on-Demand and Other value-added services on a public network directly to TV. It uses a patented technology for Triple play services which delivers excellent quality video to subscribers, anywhere in the world, at only 600 kbps.