NAPS Napster Group Plc

 
TIDMIPNT 
 
5 May 2010 
 
                               iPoint-media plc 
 
                       ("iPoint-media" or "the Company") 
 
                 New opportunities in China and trading update 
 
               Pursuing new strategy in the Chinese media market 
 
iPoint-media plc (AIM:IPNT), a leading provider of live, interactive video 
calling application platforms for web and 3G mobile announces that, following 
the first sale of a license of the Company's product "GOliveStudio" to a 
Chinese national MobileTV operator, the Company is to strengthen marketing 
focus on the Chinese media for its new products "GoliveSTUDIO" and 
"GOliveinterview". 
 
GOliveStudio is a WEB/Mobile TV production tool that provides new media 
connectivity and Internet content repurposing at a fraction of the cost of 
hardware-based solutions. In addition, the Company's "GOliveInterview" product 
enables broadcasters to conduct a live interview with a reporter equipped with 
a standard computer laptop, camera, and iPoint-media reporter software. The 
target market for GOliveInterview will be Chinese media companies, and the 
target market for GOliveStudio will be Chinese Radio/Web/Mobile TV stations. 
The Company estimates that there are over one thousand TV broadcasters in 
China, representing a very substantial market opportunity for iPoint-media. 
 
Trading update 
 
iPoint-media plc today issues the following update on trading for the first 
four months of 2010. During this period the Company experienced slippage 
relating to several tenders submitted in conjunction with its strategic 
partner, Ericsson, to telecoms companies that were anticipated to be signed and 
delivered prior to 30 June 2010. The Company's management believe that these 
tenders may be delayed into the second half of 2010 as a result of a continuing 
slowdown in the Telecoms market.  As a consequence, the Directors expect that 
the Company's revenues for the six months ending 30 June 2010 will be below 
market expectations and the Company's move into profitability may be delayed. 
 
Muki Geller, iPoint-media's CEO, commented: 
 
"The Chinese media market offers a significant opportunity for iPoint and our 
new strategy will enable the Company to redirect its marketing to the media 
sector, while still maintaining a focus on the Telecom market." 
 
Further enquiries: 
 
iPoint-media plc                                        +(0) 972 544 450 667 
Muki Geller 
 
Libertas Capital Corporate Finance Limited              +44 (0) 207 569 9650 
Andrew McLennan/Thilo Hoffmann 
 
 
 
END 
 

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