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NTT-DATA SANYO Partner AuctionVideo Signs Co-Venture With AuctionCities.com, Inc. 1/5/2006
Sanyo Booth (# 11017 Central Hall) at the Consumer Electronics Show Hosts Signing Ceremony With Online Auctioneers
LAS VEGAS, NV, Jan 05, 2006 (MARKET WIRE via COMTEX) -- As revolutionary technologies emerge from the Consumer Electronics Show, the big story this year is the ease of use and immediacy of internet access of AuctionVideo's "one touch upload" capability, now announced as a key feature of the new Sanyo VideoCellphone unveiled today at CES.
AuctionCities.com (OTC: AUCC) CEO Mike Berman stated, "This development will immediately revolutionize the concept of local online auctions as demonstrated by this implementation on our start-up auction site and most effectively the Real Estate business, online personals. We originated local auctions with your pending patent on the domaining of every U.S. Postal Zip-code."
Gregory Ellis, AuctionVideo CEO, stated, "Within the context of an exclusive licensing agreement with NTT-DATA SANYO, AuctionVideo.com, developer of web-based recording technology that offers rapid upload to the Internet, unlimited live video streaming and a video record capability up to 60 minutes, announces an exclusive co-venture with start-up consumer-to-consumer and dealer-to-consumer auction and retail portal, AuctionCities.com, Inc."
Ellis continued, "Our technology, to be distributed across millions of cell phone and web users worldwide, allows the instant conversion of any video format, to any video format. Up to 30 frames per second video, and high definition audio benefit anyone who can record their video on a cell phone, or other device, and easily put it online for anyone to see."
Mr. Tak Ota, Leader of the New Business Promotion Division of NTT-DATA SANYO's cell project, said, "Since we introduced our joint offering of cell phone products, we have seen increased interest from the marketplace in Japan. We are actively pursuing many targeted opportunities in China and other nations as well. We expect that the integration of AuctionVideo, Inc.'s market leading technology will help us grow."
The NTT-DATA SANYO Video Communication Cell Phone is scheduled for a U.S. rollout in the 3rd Quarter of 2005. For a period of time, AuctionCities.com will be the exclusive U.S. Internet distributor of this exciting new device.
About AUCTION VIDEO, INC.
AUCTION VIDEO, INC. is based in Orem, Utah, and Tokyo, Japan. Its patent-pending technologies power eBay auctions, blog video, email applications, and cell phones worldwide.
Greg Ellis, Founder & CEO Phone: (800) 604-3390 e-mail: greg*auctionvideo.com
NTT DATA SANYO is an alliance between NTT DATA CORPORATION and SANYO Electric Co., Ltd., which has the marketing responsibility for SANYO's range of 3D display products, cell phone software integration and R & D. Both NTT DATA CORPORATION and SANYO Electric Co., Ltd. are founding members of the 3D Consortium, a group of leading consumer electronic companies established to promote, expand and develop the market for 3D imaging. More information can be found at http://www.nttd-sanyo.co.jp/,http://nttdata.co.jp/,http://www.sanyo.co.jp/.
Auction Video is a Trademark of Auction Video, Inc. All other trademarks mentioned herein are the property of their respective owners.
About AuctionCities.com, Inc.
AuctionCities.com is the state-of-the-art way of convenient local auctioning and shopping. We host local auctions in over 40,000 U.S. Zip-code specific sites using our patent-pending business methods and technology.
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