LOS ANGELES, April 7, 2008 (PRIME NEWSWIRE) -- NS8 Corporation ("NS8") (OTCBB:NSEO), international provider of iWaveTV(tm), the flexible internet video solution (http://www.iwavetv.com), announced Dave Olsson has been appointed as Chief Technology Officer. In his new role Dave will define the Company's technology strategy and focus NS8's development team on collaborating with customers to ensure iWaveTV is consistently aligned with the needs of the market.
Prior to joining NS8, Dave was Vice President of Fusion Development at global research leader Vision Critical, where he was responsible for the R&D of their market research simulation software. As Chief Creative Officer at Flourish Media, Dave led the design and development of a proprietary gaming system, resulting in publishing partnerships within the film and television industry. As Vice President and technical director at Click Factory, Dave oversaw the organization's new media and application development services.
Commenting on Mr. Olsson's appointment, NS8 CEO Jim Forbes said: "Dave brings substantial experience in delivering rich internet applications within the entertainment sector, as well as respected business acumen. I strongly believe Dave will capably drive our agenda to provide a flexible, trusted Internet video solution to content and service providers."
"Following an assessment of NS8 and the Internet video on demand industry, I was suitably impressed by the iWaveTV platform," said Olsson. "iWaveTV can offer a truly flexible and complete solution to the complexities involved in delivering video over broadband. We want our customers to be in complete control of the marketing and sale of their own video content," concluded Olsson.
iWaveTV is an Internet video storefront and e-commerce solution consisting of: The Library Distribution Management System (LDMS), a central control panel used by system administrators to publish assets, manage storefronts, subscribers, pricing, reporting, and advertising management system; the Consumer Program Guide (CPG), an integrated user interface; and the Download Manager (DLM), which manages progressive downloads, playback, and organization of content for consumers. Using iWaveTV, content providers can generate additional revenue from library content, and service providers can participate directly in broadband services revenue, as opposed to simply providing bandwidth.
About NS8 Corporation
NS8 Corporation (www.iWaveTV.com) is focused on its flagship brand iWaveTV(tm), the flexible solution for processing, publishing, and distributing Internet video to consumers. iWaveTV is an Internet Video storefront and e-commerce management solution that enables content and service providers to control their entire deployment, brand, and all the terms with their customers. NS8 software has been deployed across the globe for such companies as Akimbo Systems, True Corporation PLC, and Reeltime Media Ltd.
SAFE HARBOR STATEMENT
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties, and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release.
TRADEMARKS
iWaveTV, Consumer Program Guide, CPG, Library Distribution Management System, LDMS, NS8, and AMS are either registered trademarks or trademarks of NS8 Corporation or its subsidiaries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.