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March 31, 2005

VoIPmdu.com attains interest in digital theatre company Lightyear

Telecom firm VoIPmdu.com has acquired an interest in Canadian company Lightyear, a developer of specialized digital theatres.

By CBR Staff Writer

VoIPmdu.com will acquire a 33 1/3% interest in the firm, which aims to capitalize on the digital entertainment industry by offering digital venues for entertainment, education and information packages, in an agreement expected to involve a combination of VoIPmdu.com shares and cash.

The partnership of our two companies is a perfect amalgam of expertise, especially in light of the incredible growth of the digital industry and our recent activities focused on our subsidiary company, LivePlaybyPlay.com, which is currently packaging streaming video, pay-per-view and video on demand for a wide range of activities including horse racing, boxing, junior hockey and baseball, stated Richard Kipping, CEO of VoIPmdu.com.

Robert Dominick, COO of Lightyear Digital Theatre, said the two companies will work together to develop a mobile demonstration unit and three corporate showcase locations for digital theatres, eventually leading to the creation of a network of licensed owner/operator digital theatre venues.

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