SmartVideo and OlympuSAT Sign Agreement to Bring Hispanic and Family-Values Programming to...

SmartVideo and OlympuSAT Sign Agreement to Bring Hispanic and Family-Values Programming to Cellular Smartphones

SmartVideo Expands Its Lineup to Include TBN, Cine Mexicano, B Mania and 20 More Channels Targeting Broad Niche Audiences


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Atlanta, GA–(HISPANIC PR WIRE – BUSINESS WIRE)–March 7, 2005–SmartVideo Technologies (OTCBB:SMVD), the leader in bringing national network programming to cellular Smartphones, has signed a partnership deal with digital content distributor OlympuSAT that will deliver content to the sizable but previously under-served Hispanic market and the audience seeking family-friendly alternative programming, SmartVideo President and CEO Richard E. Bennett, Jr., announced today.

Under this agreement, some 50 million current mobile phone subscribers, and millions more PDA subscribers, will have access to such OlympuSAT channels as TBN, Daystar Television, Cine Mexicano, Latin TV, B Mania TV and Colours TV. In all, OlympuSAT delivers 24 channels through its Hispanic, Digital I and Faith & Families Packs. SmartVideo will begin offering the OlympuSAT channels by April 1, 2005.

The agreement with OlympuSAT further expands SmartVideo’s broad base of entertainment, news and informational offerings. With mobile rights to these channels targeting families, Hispanics and people of faith, SmartVideo is providing meaningful content to broad niche audiences whose interests haven’t been addressed by other mobile content providers. These are viewers with substantial purchasing power and who traditionally exhibit the strong brand and channel loyalty that have long made them valuable to broadcasters as well as cable networks.

“We’ve had great success in acquiring national broadcast brands for SmartVideo, and now we’re pleased to be able to serve more targeted audiences,” said Mr. Bennett. “There is a large untapped growth opportunity in the wireless space in reaching customers with specialized interests, whether it’s for ethnic, religious, local or specific news and entertainment programming. We’re proud to be at the forefront of providing that service.”

“With our partnership, SmartVideo will be serving the needs of important groups of subscribers – the Spanish-speaking audience and those subscribers looking for more family-safe and faith-based programming,” said Howard Rosenblum, Senior Vice President for OlympuSAT. “With over two dozen networks available, OlympuSAT is proud of its ability to provide programming that adds value to SmartVideo’s cellular programming line-up and also meets the needs of underserved audiences,” Rosenblum added.

OlympuSAT joins such national networks as NBC, ABC, the Weather Channel and others that have put their content on SmartVideo’s service, which is available for a monthly subscription of $12.95. In January, SmartVideo announced the launch of the DIC Kids Network, a premium channel that is available on the service for a small additional fee. The company is in advanced talks to add additional programming from major broadcast and cable networks.

SmartVideo’s upcoming availability of Faith & Families channels gives a variety of programming options that will satisfy diverse family and spiritual interests. The impressive collection of Faith and Families networks includes: TBN, America’s most-watched faith channel; The Church Channel, where America turns for faith; JCTV, music television to believe in; iLife-tv, the first and only inspirational lifestyle network; INSP, the leader in Inspirational diversity; Daystar Television Network, refreshing and relevant faith-based programming; FamilyNet, family-friendly television; Three Angels Broadcasting Network, featuring quality original Christian programming; Golden Eagle Broadcasting, family safe programming 24/7; Gospel Music Television, broadcasting the most uplifting and spiritual gospel songs of all time; and BYU, Brigham Young Television.

OlympuSAT’s Hispanic offerings on SmartVideo include: Cine Mexicano, a movie channel aimed at the 18-49 Hispanic demographic featuring only contemporary movies primarily from Mexico, Canal SUR, which retransmits daily newscasts from leading Latin American broadcasters; Latin TV, a new-media network targeting young bi-lingual Latinos; Puma TV, a crossover music channel featuring live VJs; TV Chile, a leading family focused entertainment channel; Nueva VidaVision, focusing on relevant programming for the Latin culture; TBN Enlace USA, featuring the best inspirational programs from Latin America and TBN; and TV Colombia, a network for the whole family from leading Colombian communication companies.

Other channels from OlympuSAT that will be available on SmartVideo: B-Mania, an ad-supported, male targeted contemporary movie network; Chronicle TV, which blends documentary and reality programming; Colours TV, focusing on the cross-cultural and urban audience; and TV Superstore, a direct-response network showcasing products from food to fitness to finance and computers.

Since launching its service just two months ago, SmartVideo has signed thousands of subscribers and created a significant buzz in the mobile entertainment world for its landmark service that delivers high-quality television to Internet-enabled mobile devices (“Smartphones”) using Microsoft’s WindowsMedia Mobile and Symbian technology. For the first time, consumers with Smartphones are able to view live and on-demand television anywhere, anytime on Pocket PC, Mobile PDA and Smartphone mobile devices.

Poised to capitalize on increased Smartphone consumer adoption, SmartVideo offers technology that enables fluid motion, fully synced live video and audio broadcasts, even on phones running on current 2.5g cellular networks, making it the only such service able to be called television in the true sense. Thanks to the successful launch of the more robust 3g networks in the U.S., SmartVideo is capable of providing 3g-capable phones with a minimum of 24 frames per second and virtual broadcast-quality of at least 28 fps on Wi-Fi-enabled devices.

About OlympuSAT, Inc.

OlympuSAT, Inc. distributes independently owned and operated digital networks on individual transponder platforms and currently represents more than twenty diverse channels through their Hispanic, OlympuSAT I Digital and Faith & Families Packs. A turnkey service provider, OlympuSAT facilitates technical satellite related services along with affiliate sale services. Additional services provided to networks include as needed, master control, advertising sales and traffic and billing services. The OlympuSAT suites are distributed via Telstar 7. An affiliate of Ocean Communications, OlympuSAT is based in West Palm Beach Florida, serving homes nationwide. http://www.olympusat.com info@olympusat.com.

About SmartVideo Technologies

Based in Norcross, Georgia, SmartVideo Technologies, Inc., a Microsoft Windows Media(R) 9 Series Certified Hosting Provider, is a leading provider of turnkey digital media solutions that allows for the management and distribution of high quality live or on-demand video to mobile devices. SmartVideo now offers the first cross platform/cross carrier service for aggregating live content for consumers around the globe. SmartVideo’s robust library of content includes national networks and local affiliates, news, weather, sports, children’s programming, movies and many other content genres.

SmartVideo’s mobile video solutions provide exceptional image quality on all existing 2.5g and Edge cellular networks, as well as future 3g networks. SmartVideo clearly provides great value to both consumers and carriers. The Company’s stock is traded on the OTC Bulletin Board under the symbol SMVD.OB. For additional information and to subscribe to SmartVideo’s Live TV content packages visit our Web site at http://www.smartvideo.com or using your Smartphone visit http://www.windowsmedia.com/mobile.

Forward Looking Statements

This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “intend,” “expect,” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the inability of SmartVideo to obtain the additional financing needed to fund operations, the failure of SmartVideo to convert its present and future customer contracts into profitable arrangements for SmartVideo, unexpected costs, delays and other difficulties related to the timing and success of product development and marketing plans, adverse changes in the market for the delivery of full-motion, streaming video content, the failure of SmartVideo’s hosting infrastructure, the complexity of SmartVideo’s services and delivery network, pricing and other activities by competitors, difficulties involved in retaining and motivating key personnel and other risks detailed in SmartVideo’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, SmartVideo undertakes no obligation to update these statements for revisions or changes after the date of this release. Microsoft, Windows Media, Powerpoint and Windows are registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

–30–KT/na*

CONTACT:

SmartVideo

Ron Warren, 770-729-8777

http://www.smartvideo.com

or

The Lippin Group for SmartVideo

Jonathan Taylor, 323-965-1990

or

Matt Biscuiti, 212-986-7080

or

OlympuSAT

Kimberly Reed Fragione, 561-472-2882

SmartVideo and OlympuSAT Sign Agreement to Bring Hispanic and Family-Values Programming to Cellular Smartphones