Eplixo agrees to acquire Dinsk LLP for $3m

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 19, 2010 -- Dublin, Ireland: Kirkland, WA, USA: Date: 19th May 2010 - Eplixo ("Eplixo", or "the Company"), the Software Company specializing in video conferencing systems on smart-phone 3G and Wi-Fi networks over VoIP has agreed to acquire video and communications software specialists Dinsk LLP from Kirkland, Washington, USA for a consideration of $3 million United States dollars.

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Eplixo agrees to acquire Dinsk LLP for $3m

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Working capital will be advanced over a 2 year period and subject to agreed milestones the remainder after 24 months. Exceeding certain milestones could add a further 10% to the acquisition cost.

Software solution to Adobe/Apple Flash – HTML5 dispute

The combined technology delivers the breakthrough software solution to cross platform Flash  HTML5 barrier currently in dispute between Apple and Adobe. It enables Smart Phones including iPhone, Android, Windows Mobile and Nokia to deliver high quality audio and H.264 video across all Smart Phone and web platforms. This will also extend Eplixo into premium Tandberg and Cisco Enterprise and Government Video Conference systems for standard and encrypted connections from Smart Phones.

Gerard Brandon Eplixo CEO commented:

“We are delighted to incorporate the unique video software and telephony skills that Dinsk brings to extend Eplixo across all Smart Phones and web platforms. Finding the software solution to converting HTML5 to Flash for two-way VoIP is a major milestone in delivering Eplixo multi-user video chat services to the mass market at landline prices on all Smart Phones. We anticipate these additional applications will be rolled out before the end of 2010”

Yuri Kiryanov Dinsk President commented:

"We look forward to working with the global reach and distribution channels of the Eplixo team to deliver our combined technologies to a much wider audience. These breakthrough achievements to date and those under development will serve to accelerate the delivery of high quality multi-user Video VoIP services to all Smart Phones and mobile communications."
 
Notes for Editor:

EPLIXO®
(www.eplixo.com) EPLIXO® provides voice and video chat on Smart Phones and internet delivering local and roaming call charges to the price point of a normal landline voice call. Video Chat Party calls are connected using SMS on across than 700 mobile operator networks available in over 120 countries using interconnectivity across Voice over Internet Protocol (VoIP) to remove international roaming charges.

Dinsk LLP

(www.dinsk.net) have developed intellectual property in the IP Telephony sector that enhances the Video and Audio Codec to be used on multiple mobile wireless communication devices. This technology allows cross platform communication between PC, laptop, Smart Phones such as Windows Mobile, iPhone and Linux based net-books as well as over radio and integration of mobile phones right through to high security Tandberg, Cisco or military Hi-Definition video conferencing using VoIP communications.

Yuri Kiryanov MSc

Before being acquired by Microsoft Yuri was team leader at Teleo Inc., where he achieved significant breakthroughs on VoIP QoS, NAT/firewall handling an

More information can be found online at http://eplixo.com/news/index.php/eplixo-agrees-to-acquire-dinsk-llp-for-3m/

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