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SexQube.TV Affiliate Programme Results Update
LONDON-(Business Wire)-January 29, 2008 - Petel Incorporated (Pink Sheets:PTEI):
SexQube.TV, the world's first free-to-air, fully interactive adult broadband TV and VOD service announces early results of the first of its affiliate schemes.
Based on the first 3 weeks of operation the company conservatively projects additional 12 month revenues of $900,000 from the UK market alone.
"Our affiliate programme has been well received with a number of high volume adult partners signing up and starting to send traffic to the service, early indications have allowed us to make revenue projections which we are pleased to share with our investors today" says COO Phil Evans.
Developed in house as part of Petel's broadband TV broadcast platform, the affiliate programme offers both online and offline partners such as web site owners, publishers etc. the opportunity to monetise traffic through the sale of SexQube.TV's Video-On-Demand movies.
Affiliate partners who join the scheme before February 29th will be offered an early adopter affiliate bonus taking the usual affiliate commission rate from 30% to 40% of net revenue for the first six months.
Any media or website owner wishing to participate in SexQube.TV's new affiliate programme should contact affiliates@sexqube.tv or call +44 (0)20 3239 9140.
Petel Incorporated's Quarterly Reports since debuting on Pink Sheets can be viewed here:
http://www.petel.co.uk/site/index.php?option=com_content&task= view&id=40&Itemid=52
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Petel Incorporated's forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page at www.petel.co.uk.
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 unanticipated events.
