ALTAMONTE SPRINGS, Fla.,
May 17, 2013 /PRNewswire/
-- Vidaroo (OTCQB:VIDA) today announced that it has signed a
revenue sharing agreement with Skynet Technology Group
(www.mahala.us), a payment services company based in Atlanta that has developed a patented secure
QR code payment system.
The agreement calls for a revenue sharing arrangement for both
licensing and advertising revenue as well as additional payments
for distribution and storage costs. The deal also calls for the
partners to align distribution channel partners in conjunction with
the product launch scheduled for this June.
"We believe the combination of content and this payment model
will create a disruptive shift in the video delivery space and
payment services," says Tom
Moreland, Chairman and CEO of the Florida-based corporation. "We are currently
in discussion with content providers who are attracted by the
simplicity of the model that is presented to the consumer."
Moreland explains that the single click purchasing solution from
Mahala allows Vidaroo to improve video user experience. The model
encourages content partners with a high quality payment solution
that allows consumers to experience video without interruption of
the content delivery.
"I'm excited about partnering with Vidaroo," says Sonny Fisher, CEO of Mahala. "It makes sense to
blend our unique payment system with a world class content delivery
platform. Customers can now purchase directly from within the
content, without being diverted to another site. The Mahala
solution will revolutionize the monetization of digital
content."
Vidaroo has been actively pursuing an aggressive direct
marketing campaign to target faith-based organizations, academic
education, corporate training, destination marketing, and
sports-centered organizations. The company now offers incentives to
encourage customers to try the company's cloud-based video
publishing technology.
Vidaroo launched its Software-as-a-Service (SaaS) based online
video player in 2009. Today it is moving forward as a feature-rich
and intuitive video distribution and syndication platform. Among
its unique capabilities are live-streaming, on-demand playback
through channel creation, social media sharing and distribution,
fully native ad rotation, and customizable player themes that are
managed by self-service administrative controls. Billing and signup
processes are fully automated. Video programs are installed with a
simple one line "embed code" that can be easily applied to any
website destination. Vidaroo's platform works well for both
on-demand and enterprise use.
About Skynet Technology Group
Skynet Technology Group,Inc. is a privately held company
specializing, through its Mahala application, in secure mobile
payment solutions. Mahala was designed for merchants, content
producers, non-profits and literally anyone who wants to accept
electronic transactions without the need for card readers or
transaction fees. Consumers simply scan Mahala's secure QR codes
with their phones to complete transactions. The patent-pending
S-QR™ technology enables payments without forcing consumers to go
to a secondary site to pay. Retail technology expert Sonny Fisher, one of the youngest CEOs to list a
company on the South African stock exchange, formed Mahala in
Atlanta in 2012. For more
information, visit www.mahala.us.
About Vidaroo (OTCQB:VIDA)
Vidaroo, Inc., (www.vidaroo.com) based in Altamonte Springs, FL, is the provider of an
innovative cloud-based video distribution and syndication software
platform. The company has been providing its SaaS solution for more
than 3 years. Current Vidaroo customers come from various
industries, including large churches, advertising agencies, media
companies, academic educational institutions, and corporate
training organizations. Among its past clients include national
brands such as Microsoft, Coca-Cola Company, Tribune News Company,
Toyota, Emmis Communications, Clear Channel, Black Eyed Peas,
Justin Timberlake and others.
Vidaroo's cloud-based video publishing technology enables its
customers to easily create, deliver and monetize video and
advertising delivery. For more information, visit
http://vidaroo.com or contact Vidaroo by calling (321)293-3360.
FORWARD-LOOKING STATEMENTS
Some of the above statements may be 'forward-looking' statements
as defined by section 27A(c)(1)(A)(i) of the Securities Act of
1933. See http://vidaroo.com/about/investors/conduct for a full
safe harbor disclosure statement.
CONTACT
INFORMATION
|
Investor
Relations:
|
Media
Relations:
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Ray Wyman
Jr
|
Andrea
Roland
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ray.wyman@heavypen.com
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andrea@planapr.com
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714-997-3808
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407-905-0608
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SOURCE Vidaroo