FilmOn.com Hits Number 1 in App Store and Stock Market
15 Aug, 2011, 06:00 BST
LONDON, August 15, 2011 /PRNewswire/ --
- FilmOn iPhone App is Number 1 in European App Store Charts on the Same Day it Lists Shares on Frankfurt Stock Exchange
FilmOn.com PLC (http://www.FilmOn.com/), the largest internet-based high-definition television service hit top of the European App Store Charts with its FilmOn Apple App for iPhone and iPad on the same day it announced it has listed its UK/European based Live Internet Television Service on the Frankfurt Stock Exchange with the trading symbol FMX.
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"Most of the Channels on the FilmOn iPhone App are free to Consumers," said FilmOn Founder and CEO Alki David. "We are very encouraged to see such a great reception to our Apple service. The encoding quality and distribution of our streams is really second to none. Our really exciting product however is the FilmOn HDi player, which is also freely available for download at FilmOn.com and other partner sites."
FilmOn delivers high quality Television on a subscription basis to all IP (internet protocol), enabled devices including mobiles, tablets, computers, set top boxes and televisions. Operating its proprietary delivery platform through FilmOn Datacenters in London, Amsterdam, Geneva, New York and Los Angeles.
FilmOn currently has deals with over 120 content partners and channels including Paramount, Associated Press, Bloomberg and having launched over 120 subscription and pay per view channels focusing on Sports, News and Entertainment.
In the past two years the market conditions for Internet based Television has grown dramatically and Analysts predictions of Over The Top (OTT) Television including Keegan/Minerva are being realized. "FilmOn is not only positioned to be the leader in this space but to dominate a large market share over its competitors," said Hans Zimmerman of Regan & Delloite.
FilmOn Global delisted its German offering in 2009 and has returned to the market almost two years to the day offering it European Division with an initial market capitalization of 43 Million Euros. Top tier Frankfurt market maker 886AG (886AG-Specialist), is handling FilmOn.com PLC stock.
FilmOn Founder and CEO Alki David who is listed as 45th richest man in the UK by the Times Rich List stated in a keynote speech at the recent Credit Suisse Cable TV Conference in London, "When we first listed FilmOn Global in 2009, with a market cap of 500 Million Euros it seemed at the time unfortunate that the World's financial markets crashed. This of course hampered our efforts to build a relationship with the German and other European markets. However the silver lining metaphor has come true on many levels and because in the past two years I have continued to personally fund the company and develop our live-network technologies. The opening of the Los Angeles Office has also helped us increase our huge content offering with American channel partners and strategic alliances based in the US."
Mr. David added, "Please note that FilmOn PLC is happy to buy back the shares sold in the 2009 listing from any investor with 10% interest paid on the price they bought stock at. Claims should be made directly to investors@filmon.com."
iTunes store link to FilmOn TV App
http://itunes.apple.com/us/app/filmon-live-tv-hdi-anytime/id427900675?mt=8
Free Windows FilmOn HDi Player http://download.cnet.com/FilmOn-HDi-Player/3000-13632_4-75451974.html
Free MAC FilmOn HDi Player http://download.cnet.com/FilmOn-HDi-Player/3000-13632_4-75451324.html
Financial Markets Contact
Marcel Winand
Im Rosengarten 25
61118 Bad Vilbel
Tel. +49-6101-98861-18
Fax. +49-6101-98861-50
marcel.winand@886AG.de
HRB 80109 AG FFM
Media Contact
Rudy Delarenta
FilmOn.com
USA +1-877-733-1830
press@filmon.com
SOURCE FilmOn.com PLC