Business & Finance
Business and Finance
Business and Finance
Tue, September 21, 2010 Jetcast, Inc. Selected by AlwaysOn as an OnHollywood 100 Winner
SANTA BARBARA, Calif.--([ BUSINESS WIRE ])--Lenco Mobile Inc. (Pink Sheets: LNCM) today announced that Jetcast, Inc. has been chosen by AlwaysOn as one of the OnHollywood 100 winners. OnHollywood 100 winners are leaders amongst their peers, recognized by AlwaysOn for their game-changing approach and technology that is likely to disrupt existing entrenched Hollywood entertainment. Jetcast was selected based on five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
"We are proud to have been selected as a recipient of the prestigious OnHollywood 100 award"
Jetcast and the OnHollywood 100 winners will be honored at AlwaysOna™s fifth annual OnHollywood event September 27th, 2010 at the Entertainment Technology Center, University of Southern California campus in Los Angeles, California.
This two-and-a-half-day executive gathering highlights the significant trends affecting digital entertainment. Disruptive technology is forcing big changes in Hollywood: new contracts, new genres, and new stars. As the entertainment industry steps into the digital era, entertainment execs will be paying even closer attention to the global Silicon Valleya"especially the startups that are writing the rules and creating the tools for the digital entertainment age.
aWhen you review the OnHollywood 100 class of 2010, you will see that we have come a long way since music sharing sites like Napster and Kazaa began disrupting the entertainment world,a says Tony Perkins, founder and editor of AlwaysOn. aNow, the entire entertainment world is dependent on the Internet, social networking, and the burgeoning use of the iPhone and Googlea™s Android smartphone platforms to market, distribute, and share entertainment.a
The OnHollywood 100 winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and entertainment industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list. A full list of all the AlwaysOn OnHollywood 100 winners can be found on the AlwaysOn website at: [ http://www.aonetwork.com/AOStory/Announcing-2010-OnHollywood-100 ]
Jetcast provides Internet radio and television broadcasters with the tools necessary to thrive in an always-on, completely-connected world, allowing broadcasters to concentrate on growing large audiences, not on technology development, implementation and maintenance. Utilizing its unique business model, Jetcast has amassed one of the largest live Internet radio and television audiences in the world.
aWe are proud to have been selected as a recipient of the prestigious OnHollywood 100 award,a said John Williams, CEO of Jetcast, Inc. aIn the past twelve months, we have seen our audience grow from a little over ten million unique users in the United States, to over 40 million today, as measured by comScore. We think our audience will continue to grow rapidly because a lot more broadcasters are signing-up with us in order to take advantage of our ability to eliminate their monthly costs and provide them with additional revenue,a said Williams.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOna™s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
About Jetcast, Inc.
Jetcast provides products that make Internet broadcasting profitable for broadcasters and advertisers. Jetcasta™s UniversalPlayera", RadioLoyaltya", ReplaceAdsa" and Jetcast® brand streaming products eliminate costs and increase revenue for broadcasters and increase advertisersa™ return on their advertising investment. Jetcasta™s products reach an Internet radio and television audience of more than 40.7 million people in the United States, and over 75 million worldwide. Jetcast announced that it has entered into a definitive agreement to be acquired by Lenco.
About Lenco Mobile Inc.
Lenco Mobile Inc. is a global developer, owner, and operator of proprietary advertising and technical platforms primarily for the high growth mobile and online marketing sectors. The platforms provide customers, including leading wireless carriers and consumer brands, with turnkey solutions to attract, retain and monetize relationships with consumers. Lenco Mobile offers brand owners the ability to design, manage, and execute mobile-based marketing campaigns through MMS messaging with improved messaging throughput, better quality, and reduced bandwidth usage on a per message basis. In addition to proprietary MMS messaging solutions, the Company offers products and services such as .mobi sites, mobile greeting cards, mobile statements, high volume internet and mobile ad-impression serving, loyalty programs, online support, and search and database marketing. The Company is headquartered in the U.S. and has operations in South Africa, South Korea, Australia, the United Kingdom and Mexico.
Forward-Looking Statements
This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Actual results may differ materially from those contained in the forward-looking statements in this press release. Neither Lenco Mobile Inc. nor any company mentioned in this release undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
