LONDON, June 6 /CNW/ - Petel Incorporated today revealed that SexQube.TV,
the world's first free-to-air, adult, broadband television channel is 800%
ahead of its registrations target just one month after launch.
This news is accompanied by the signing of a new content agreement with
Bordellonoir and follows the announcement of a US$207M stock dividend.
SexQube.TV has exceeded forecasted viewing figures from the day of
launch, and the Company is confident that it will achieve forecasted first
year revenue of US$8.1M ahead of schedule. All indications are that the
Company is set to exceed the targeted 85% year-on-year growth predicted by the
Petel Incorporated COO Philip Evans commented "The month following our
Pink Sheets debut has seen the Company deliver success after success. We know
that we only need one in twenty viewers to purchase from SexQube.TV to hit our
revenue targets, so today's news is very encouraging. We are pleased that the
hard work we have invested over the past year is paying off and delivering
rewards to the Company and its shareholders. This is only the beginning of our
success story and we look forward to continually delivering superb news and
growth well into the future."
Latest news: SexQube.TV
- SexQube.TV US$1M marketing campaign started this month.
- Easy Pink Productions appointed to produce free-to-air content.
- Casting for The Sex Shop Show, The Sex Doctor and the Movie Show
completed and all three series in production.
- Agreement to deliver a further 4,000 titles from 25 studios to be
digitized and added to SexQube.TV's Video-on-Demand library.
- Each movie will be available at only US$9.99 per 48 hour rental.
Petel Incorporated's five year forecasts and business plan are included
in the Corporate Overview, published on the Investor Relations page at
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking
statements. The words "estimate," "project," "intends," "expects," "believes,"
and similar expressions are intended to identify forward-looking statements.
Such forward-looking statements are made based on management's beliefs, as
well as assumptions made by, and information currently available to,
management pursuant to the "safe-harbour" provisions of the Private Securities
Litigation Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of Petel, Inc. see
"Risk Factors" in the Company's Annual Report on Form 10-KSB and its other
filings with the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only
as of the date made and the Company undertakes no obligation to disclose any
revision to these forward-looking statements to reflect events or
circumstances after the date made or to reflect the occurrence of
For further information:
For further information: please visit www.petel.co.uk or email
email@example.com; Nik Ellwood, +44-(0)845-0344-097