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Viseon US
Headquarters 8445 Freeport Parkway Suite 245 Irving, Texas 75063 972-906-6300 voice 972-906-6380 fax contact@viseon.com |
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DALLAS--(BUSINESS WIRE)--May 21, 2004--Viseon, Inc. (OTCBB:VSNI - News), a global developer of broadband personal video communications solutions, today announced the non-exclusive licensing of its entire U.S. patent portfolio to TeleFone TV Network, Inc. with regard to certain Internet Protocol Broadband Videophones. TeleFone TV Network intends to sell and distribute its services on a nationwide basis. The patent portfolio consists of U.S. patents 5,802,281, 6,073,192, 6,397,275, 6,519,662, and 6,654,825 which all pertain to interactive video communications. The perpetual agreement requires TeleFone TV Network to pay royalty payments of 8% on the manufacturing cost of the licensed product. About TeleFone TV Network, Inc. TeleFone TV Network, Inc. is the world´s first affordable high quality TV Videoconference service offering customers a complete videoconference solution for under $50 per month. TeleFone TV Network maintains an advanced video communications central office utilizing newly developed VideoIP equipment and services to provide TV-quality video communications to businesses and consumers under the brand name TeVue(SM). Services include video operator assistance, video mail, multipoint conferencing, video streaming, and video centrex dialing features. For more information please visit the company´s website at www.tevue.com or call 1-877-TeVue4u. About TeVue TeVue is TeleFone TV Network´s new and unique service providing customers with a free state-of-the-art videoconference device connecting them to the TeleFone TV Network and enabling them to make unlimited free videoconference calls. TeVue connects to any size television for a life-size room-to-room experience with smooth full motion video up to 30 frames per second on 128k to 512k speeds from any DSL, cable, or T1 broadband connection. About The VisiFone The VisiFone(TM) is a low-cost broadband videophone. It is a self-contained system that does not require a PC or any external equipment. The VisiFone operates on any broadband connection and home or office network including high-speed Internet connections via DSL or cable modem. The VisiFone is H.323 or SIP compliant and delivers up to 30 frames per second video and quality audio utilizing 128k to 512k of bandwidth. It is compatible with corporate video conferencing systems and the VisiFone can be used by the over 25 million broadband connected U.S. homes. The suggested retail price for the VisiFone is $599. About Viseon Viseon has been developing, manufacturing and patenting video communication technologies for use by corporations, universities and government agencies since 1994. Its products have been sold under various brand names around the world including Philips and VTEL. Viseon recently announced a strategy to deliver TV-quality broadband videophones to consumers and businesses directly and through relationships with broadband providers. Viseon currently owns U.S. patent numbers 5,802,281, 6,073,192, 6,397,275, 6,519,662 and number 6,654,825. Viseon also has additional patents in Europe and Asia.
Contact:
Viseon, Inc., Dallas
Marcie Brownlee, 972-906-6300
mbrownlee@viseon.com
www.viseon.com
or
TeleFone TV Network, Inc., New York Todd Klein, 212-501-9000 810 Seventh Avenue, NY NY 10023
Forward-Looking Information Information in this news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regard (among other things) future publicity regarding our products or the results from our publicity including increased sales and revenues and potential sales from broadband providers. All such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability to secure and satisfy customers, the availability and cost of materials from suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time as set forth in applicable SEC filings.
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