LAS VEGAS, June 2 /PRNewswire/ -- Today Genos Announced that TVME will be included in the Genos cable television service that is being rolled out Q1 2011. It is the next killer app. The service originates at the Genos.TV site where users login to their TVME dashboard that will allow them to create a profile, get assigned a permanent channel number, name their channel, create a channel logo, edit and upload video, promote and monetize their channel and view their usage statistics.
There are three categories of TVME: Home, Business and Celebrity.
TVME Home – Anyone in the world can make their television channel for FREE. If the user's channel starts to get a lot of viewing on their channel, it will be moved into the subscription channel section and offered for sale for $1.00 per month per subscriber. At such time the user will get 50% of the gross revenues. We are hoping that TVME creates a ton of new movie starts and i-reporters. "It is very possible that we could have people all over the world making millions of dollars per month creating shows and funny skits right from home," said Rob Shambro, CEO of Genos. "To imagine our network consisting of several hundred totally new channels created by the people is not that farfetched," said Shambro. "There are a lot of really smart people out there with the skills and tools to produce GREAT content but before today they had no distribution outlet, with TVME and Genos now they do."
TVME Business – Every business in the world can make their own television channel for $195.00 per month. Look at it as a living Yellow Page ad. Their channel will be listed between the subscribed-to channels of Genos subscribers in the same zip code of the business. Real estate companies and car dealers can upload their actual inventory that day and change it as their inventory changes.
TVME Celebrity – Every celebrity in the world can now contract with Genos to create their own TV station to be offered for subscription. For example, Mrs. Movie Star makes MrsMovieStarTV. She is required to create 1 hour of video a day, anything that is on her mind. We in turn offer the channel to our subscribers for $1.00 per month. Say she has ten million subscribers signup, worldwide. That's 10M dollars per month in revenue. Her cut is $7.5M per month. Fans get what they want: more of their favorite movie star and stars now connect directly with fans. "Tours and appearances are becoming a greater percentage of celebrity revenues. TVME is the vehicle to monetize the fan base each and every day," said Shambro. "The ones who take this seriously will see a whole new level of income."
Genos™ is a subsidiary of the ShambroWest Corporation, with offices in Las Vegas and Amsterdam. It was founded by Rob Shambro, Serial Entrepreneur and founder of SAVVIS, STREAMSEARCH and ILABS, Mike West, subject matter expert in consumer electronics and former technical leader at IBM, and Kevin Bachus, creator of the Microsoft XBOX.
ShambroWest Corporation has its headquarters in Las Vegas, NV and is being incubated by Sonnenschein, Nath and Rosenthal. Genos™ and ShambroWest Corporation have recently opened a European headquarters in Amsterdam and are seeking an Asian headquarters location.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as expects, anticipates, plans, believes, estimates, will or words of similar meaning and include statements regarding the plans and expectations for the future. The forward-looking statements contained in this press release include statements about the conduct of ShambroWest, dba Genos, GenosTV, TVME, and Cyclops after the transaction and the anticipated timing of the transaction. Forward-looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and could cause actual outcomes to differ materially from the expectations of ShambroWest and its management. For example, if ShambroWest stockholders do not approve the transaction, or if the necessary regulatory approvals are not obtained, the transaction will not be consummated. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: risks associated with uncertainty as to whether the transaction will be completed, costs and potential litigation associated with the transaction, the failure to obtain ShambroWest stockholder approval, the inability to obtain, or meet specific conditions imposed for applicable regulatory approvals relating to the transaction, the failure of either party to meet the closing conditions set forth in the merger agreement, the extent and timing of regulatory approvals and the risk factors discussed from time to time by the company in reports filed with the Securities and Exchange Commission.