Sky Angel is now available in Canada through the internet:
TORONTO, Dec. 20 /CNW/ - ShifTV Inc. ("ShifTV" or the "Company"), a
leading broadcaster of ethnic and niche programming through the Internet, is
pleased to announce that it has entered into an exclusive IPTV agreement with
Sky Angel, the leading US-based direct-to-home satellite broadcaster of
Christian and family-oriented programming, which is currently not available in
Canada.
Canadians can now subscribe to ShifTV's service to view Sky Angel
programming on their televisions or on their computers at home or abroad. The
agreement includes programming for a minimum of 30 Sky Angel channels
(16 video and 14 audio).
"We are pleased in becoming Sky Angel's exclusive IPTV partner as it
provides thousands of people the opportunity to view Christian programming
that is currently not offered through other broadcasters. Sky Angel is a
perfect partner in our ongoing strategy to provide programming to niche
audiences on a reliable platform", says Morey Chaplick, CEO of ShifTV.
"Subscribers with high-speed Internet access can simply plug their television
into a set-top box, and enjoy the programs that they are truly interested in
viewing."
ShifTV is also pleased to announce the close of a private placement with
PowerOne Capital Markets Limited acting as the agent. ShifTV issued
6.6 million units at a price of CAD $0.50 per unit raising proceeds of CAD
$3.3 Million. Each unit consists of one common share and one-half of one
common share purchase warrant. Each whole warrant entitles the holder thereof
to acquire one additional common share of ShifTV at a price of $1.00.
Proceeds from the private placement will be used to fund the expansion of
ShifTV's IPTV platform, hire key management, marketing, working capital and
general corporate activities.
ABOUT SHIFTV INC.
ShifTV is a Toronto-based broadcaster of ethnic and other niche
television programming over the Internet. The company packages and brands
content that targets niche markets including lifestyle and ethnic television.
ShifTV currently hosts over 100 channels giving audiences in North America and
around the world access to content on demand through their television sets
with ShifTV's set-top box or on-line.
ABOUT SKY ANGEL
Celebrating 25 years since its founding and 10 years on the air, Sky
Angel is among America's three multi-channel, high-power, direct broadcast
satellite (DBS) operators and the only one with a Christian mission and
purpose, carrying the widest variety of Christian-inspirational channels
available through cable or satellite. Owned and operated by Dominion Video
Satellite Inc., Sky Angel delivers into homes, churches, and businesses across
America that become equipped with a small satellite dish, over 30 TV and radio
channels of quality Christian programming, popular family entertainment and
24-hour news.
TORONTO, Dec. 20 /CNW/ - ShifTV Inc. ("ShifTV" or the "Company"), a
leading broadcaster of ethnic and niche programming through the Internet, is
pleased to announce that it has entered into an exclusive IPTV agreement with
Sky Angel, the leading US-based direct-to-home satellite broadcaster of
Christian and family-oriented programming, which is currently not available in
Canada.
Canadians can now subscribe to ShifTV's service to view Sky Angel
programming on their televisions or on their computers at home or abroad. The
agreement includes programming for a minimum of 30 Sky Angel channels
(16 video and 14 audio).
"We are pleased in becoming Sky Angel's exclusive IPTV partner as it
provides thousands of people the opportunity to view Christian programming
that is currently not offered through other broadcasters. Sky Angel is a
perfect partner in our ongoing strategy to provide programming to niche
audiences on a reliable platform", says Morey Chaplick, CEO of ShifTV.
"Subscribers with high-speed Internet access can simply plug their television
into a set-top box, and enjoy the programs that they are truly interested in
viewing."
ShifTV is also pleased to announce the close of a private placement with
PowerOne Capital Markets Limited acting as the agent. ShifTV issued
6.6 million units at a price of CAD $0.50 per unit raising proceeds of CAD
$3.3 Million. Each unit consists of one common share and one-half of one
common share purchase warrant. Each whole warrant entitles the holder thereof
to acquire one additional common share of ShifTV at a price of $1.00.
Proceeds from the private placement will be used to fund the expansion of
ShifTV's IPTV platform, hire key management, marketing, working capital and
general corporate activities.
ABOUT SHIFTV INC.
ShifTV is a Toronto-based broadcaster of ethnic and other niche
television programming over the Internet. The company packages and brands
content that targets niche markets including lifestyle and ethnic television.
ShifTV currently hosts over 100 channels giving audiences in North America and
around the world access to content on demand through their television sets
with ShifTV's set-top box or on-line.
ABOUT SKY ANGEL
Celebrating 25 years since its founding and 10 years on the air, Sky
Angel is among America's three multi-channel, high-power, direct broadcast
satellite (DBS) operators and the only one with a Christian mission and
purpose, carrying the widest variety of Christian-inspirational channels
available through cable or satellite. Owned and operated by Dominion Video
Satellite Inc., Sky Angel delivers into homes, churches, and businesses across
America that become equipped with a small satellite dish, over 30 TV and radio
channels of quality Christian programming, popular family entertainment and
24-hour news.
