Deal Offers Consumers Several Hundred Hours of Television Programs Available in the High-Quality DivX Format
CALGARY, Alberta & SAN DIEGO, Apr 19, 2007 (BUSINESS WIRE) — Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
DIVX AND MOBOVIVO PARTNER TO BRING POPULAR TELEVISION TITLES TO CONSUMERS
Deal Offers Consumers Several Hundred Hours of Television Programs Available in the High-Quality DivX Format
MoboVivo Inc. and DivX, Inc. (NASDAQ: DIVX) announced today that several hundred hours of travel, history, nature, science, biography, and cooking television programs will be available in the high-quality DivX(R) format.
This deal allows DivX to bundle MoboVivo television titles with DivX Certified consumer electronics devices sold Worldwide including the United States and Canada. Some of the most popular titles available for distribution include “Celebrities” and “Call for Help.” The DivX video format is a high-quality media format that offers superior compression and compatibility with over 70 million DivX Certified consumer electronics devices worldwide, including DVD players, portable media players, in-car DVD players and more.
“MoboVivo is focused on allowing customers to view their favorite television programs when, where, and how they choose,” said Trevor Doerksen, CEO and Co-Founder of MoboVivo. “We are happy to be working with DivX to extend our content partners reach to DivX-compatible devices, including portable media players.”
“DivX users can now enjoy high-quality content on their DivX Certified devices. We are excited to partner with Mobovivo as DivX continues to expand and reach the global community in effort to create and build a better media future for consumers everywhere,” said Kevin Hell, President, DivX, Inc.
For more information on DivX Certification, visit www.divx.com/company.
About MoboVivo Inc.
MoboVivo Inc. is a mobile entertainment, education, and lifestyle distribution company using the latest technology to reach the iPod(TM) generation today. MoboVivo is the #1 distributor of television programming for mobile devices in Canada and leads in great ‘lifestyle on the go’ programming utilizing its proprietary Rapid Repurposing Technology(TM) to help reach millions of customers around the world.
MoboVivo and Rapid Repurposing Technology are trademarks of MoboVivo Inc. in Canada, the United States, and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.
About DivX, Inc.
DivX creates products and services designed to improve the experience of media. Our first product offering was a video compression-decompression software library, or codec, which has been actively sought out and downloaded over 200 million times since January 2003, including over 60 million times during the last twelve months. We have since built on the success of our codec with other consumer software, including the DivX Player application, which is distributed from our website, www.divx.com. We also license our technologies to consumer hardware device manufacturers and certify their products to ensure the interoperable support of DivX-encoded content. In addition to technology licensing to consumer hardware device manufacturers, we currently generate revenue from software licensing, advertising and content distribution.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute “forward-looking statements.” Such statements include, but are not limited to, statements regarding DivX’s visibility within the investment community. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause DivX’s actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the risk that customer use of DivX technology may not grow as anticipated, the risk that anticipated market opportunities may not materialize at expected levels, or at all, the risk that the Company’s activities may not result in the growth of profitable revenue, risks and uncertainties related to the maintenance and strength of the DivX brand; DivX’s ability to penetrate existing and new markets; the effects of competition; DivX’s dependence on its licensees and partners; the effect of intellectual property rights claims; and other factors discussed in the “Risk Factors” section of DivX’s annual report on Form 10-K filed with the SEC on March 29, 2007. All forward-looking statements are qualified in their entirety by this cautionary statement. DivX is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.