JERSEY CITY, N.J., April 23, 2014 /PRNewswire/ -- Single Touch Systems, Inc. (OTCBB: SITO), a technology based mobile media solutions provider, today announced the formation of VideoStar LLC, a joint venture with Personalized Media Communications (PMC). The VideoStar joint venture will exploit unique target licensing opportunities distinct and separate from the current licensing programs of Single Touch and PMC, using Single Touch's video streaming, and PMC's pioneering digital broadcast, delivery and payment patents.
"With the advent of new technologies there are a host of services used to stream broadcast and live content to Internet connected devices. Through the creation of this joint venture with PMC, we are able to exploit specific licensing opportunities with broadcasters concerned with the transmission and distribution of their content over new media distribution and Over-the-Top (OTT) platforms," stated James Orsini, president and CEO of Single Touch Systems, Inc.
PMC's President, Gerald Holtzman added, "We are delighted to partner with Single Touch to exploit this unique opportunity with TV broadcasters interested in safeguarding their content over new distribution channels. We believe the early priority dates of our portfolio pre-dating many of the digital TV and internet-based media distribution standards make them relevant and indispensable to these broadcasters. The successful licensing track record of PMC's IP attests to its value."
Single Touch and PMC retain ownership and control of all of their own intellectual property rights and will continue to independently, or in conjunction with other partners, pursue licensing and monetization of their patents to companies outside the VideoStar joint venture.
Personalized Media Communications, LLC is an inventor-owned and managed company that has developed a portfolio of fundamental patents. Established in 1981 by its founder and lead inventor, John C. Harvey, PMC's intellectual property rights cover a variety of communications systems, devices and networks. PMC inventions address the delivery and presentation of enhanced media content--media that is interactive and often personalized to maximize the interest and engagement of each recipient. The inventions are applicable to any media delivery platform, including traditional, cable or satellite TV and the Internet, and any device, such as cellular phones, set top boxes and game consoles.
PMC inventions enable publishers, advertisers, social networks, businesses, and consumers to enjoy the full benefit of new media content in a variety of ways. Licensees to date include Cisco Systems, Sony, Motorola Mobility, DirecTV, Zynga, and Panasonic. For more information visit www.personalizedmedia.com
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net.
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SOURCE Single Touch Systems, Inc.