Raystream Inc. (OTC BB: RAYS.OB), an emerging global provider of HD online video services, today announced it has signed its first customer contract with edgefactory OMNIMEDIA for a variable use license of the Raystream Compression Service. The one-year license agreement represents the genesis of Raystream's technology-forward service matched with edgefactory's cutting-edge business production services.
"We are pleased to announce our first customer contract, negotiated through Raystream's Orlando office by BDM Didier Nicholas," said Michael Seay, Raystream's Vice President of Sales and Strategic Implementation. "A global corporate and convention video production provider, edgefactory OMNIMEDIA serves as our first strategic partnership that will test new revenue opportunities in live broadcast streaming compression."
Raystream is launching its proprietary online video compression technology with edgefactory as its inaugural client.
Commented Brian Petersen, Raystream's CEO, "More and more businesses are looking for opportunities to tap into a more cost-effective way they can harness and deliver the power of online video. Our compression technology eliminates one of the most frustrating factors businesses and their customers' experience -- the bandwidth barriers. Raystream's technology drastically reduces the size of HD video files by up to 90 percent, with an average of approximately 70 percent, and with no loss in clarity or quality. As a result of this compression, the cost of bandwidth can be reduced by up to 90 percent, or on average approximately 70 percent. That means Raystream's customers can see immediate cost savings while improving their customers' online video experience."
"Our company's video compression technology is a true game-changer, and we're pleased to have a strategic customer like edgefactory OMNIMEDIA. Their commitment to providing a high quality, innovative multimedia experience for their customers is parallel to our strategy. We want to help businesses like edgefactory make online video a truly gratifying experience," concluded Petersen.
About edgefactory OMNIMEDIA
edgefactory OMNIMEDIA is an EMMY(C) nominated producer of creative video, meetings and special events for Fortune 500 companies, major industry associations and a host of other organizations. Founded in 1998, edgefactory is a multi-disciplined creative resource, offering an array of services from creative writing, video production, digital signage, camera rentals, graphic design, 3D imaging, original music and technical support. For more information on edgefactory, call 1-866-291-3344 or visit the company's website at www.edgefactory.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Raystream Inc.'s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Follow us on Twitter: @RaystreamInc Like us on Facebook: www.facebook.com/raystreaminc
"We are pleased to announce our first customer contract, negotiated through Raystream's Orlando office by BDM Didier Nicholas," said Michael Seay, Raystream's Vice President of Sales and Strategic Implementation. "A global corporate and convention video production provider, edgefactory OMNIMEDIA serves as our first strategic partnership that will test new revenue opportunities in live broadcast streaming compression."
Raystream is launching its proprietary online video compression technology with edgefactory as its inaugural client.
Commented Brian Petersen, Raystream's CEO, "More and more businesses are looking for opportunities to tap into a more cost-effective way they can harness and deliver the power of online video. Our compression technology eliminates one of the most frustrating factors businesses and their customers' experience -- the bandwidth barriers. Raystream's technology drastically reduces the size of HD video files by up to 90 percent, with an average of approximately 70 percent, and with no loss in clarity or quality. As a result of this compression, the cost of bandwidth can be reduced by up to 90 percent, or on average approximately 70 percent. That means Raystream's customers can see immediate cost savings while improving their customers' online video experience."
"Our company's video compression technology is a true game-changer, and we're pleased to have a strategic customer like edgefactory OMNIMEDIA. Their commitment to providing a high quality, innovative multimedia experience for their customers is parallel to our strategy. We want to help businesses like edgefactory make online video a truly gratifying experience," concluded Petersen.
About edgefactory OMNIMEDIA
edgefactory OMNIMEDIA is an EMMY(C) nominated producer of creative video, meetings and special events for Fortune 500 companies, major industry associations and a host of other organizations. Founded in 1998, edgefactory is a multi-disciplined creative resource, offering an array of services from creative writing, video production, digital signage, camera rentals, graphic design, 3D imaging, original music and technical support. For more information on edgefactory, call 1-866-291-3344 or visit the company's website at www.edgefactory.com.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Raystream Inc.'s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Follow us on Twitter: @RaystreamInc Like us on Facebook: www.facebook.com/raystreaminc
