CompleteTV Opens New Investment Round

Pre-IPO investment funds for sales/marketing/engineering expansion

Reading – 5 August 2008: CompleteTV, a UK company developing innovative set top technology for new generation ‘over the top’ IPTV services has announced its new funding round led by Pre-X Capital Management Ltd. The new capital will fund aggressive business expansion and accelerate deployment of CompleteTV’s set top media center products into the rapidly growing IPTV markets around the world.
Over the past year, CompleteTV has hit several major milestones with the award of three important customer contracts in the UK, US and Scandinavia, the launch of two high performance media centers and the migration of its product software to state-of-the-art silicon, providing higher performance and lower cost systems.
CompleteTV’s technology roadmap embraces software-based product functionality to enhance the customer’s viewing experience, to enable the customer to access multimedia content and internet services from any broadband connection, and to provide superior management services enabling operators and content owners to lower the overall cost of ownership for advanced content-based services.
Graham Skelton, CEO of CompleteTV, said, “The current growth in IPTV services around the world is proof that using the internet as a basis for TV delivery is the future. However, most IPTV services today operate in a ‘closed network’ environment. Our approach to ‘Over the Top’ IPTV is to make it easier for any user to access any content over any broadband connection without using a PC. Opening up a world of content and services from the comfort of your armchair will accelerate the growth of IPTV as a technology.”
John Blowers, Founding Director of Pre-X, added, “We see the IPTV sector as being particularly interesting. We have been waiting for a suitable company in this sector to recommend to our investors. CompleteTV’s technology vision of enabling access to long tail content, combined with its proven implementation strategy, makes this a highly desirable placement.’
The funding prospectus is available immediately with the funding round due to close in September 2008.

About Pre-X
Pre-X is a broking and fund management business that arranges investments in growing companies that are 12-18 months away from listing their shares on a stock exchange. This area of capital raising represents a major hurdle for companies and an investment opportunity for private investors. Pre-X is authorized and regulated by the FSA.
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