Thurs
6th Dec
2007
December 6th, 2007: Wolverhampton, England: ROK Entertainment Group (OTC BB: CYFD), the UK-based mobile technologies, applications and entertainment company today announced that it's subsidiary, ROK Africa, has signed an agreement with FoneWorx, a telecommunications service provider to distribute mobile technologies and services to mobile operators across Africa.
Over the next six months, FoneWorx will roll out ROK mobile technologies and services to thirty mobile operators across Africa.
The process will begin with the distribution in East Africa of ROK TV – a mobile streaming service where the consumer can watch a range of live or on-demand content streamed to their mobile handset. This will be followed by the addition of Fonepark – a dynamic Internet and WAP site generator that allow a user to create their own mobile content selling site – in thirteen other countries including Nigeria, Angola, Zambia, Namibia and Mozambique, where there are around 70 million mobile-users. The service will also be made available to public broadcasters.
Under the terms of the agreement, ROK and FoneWorx will share the revenue earned from the distribution. The proposed pricing is Rand 10.00 for a single download that includes both channels with subsequent channels being charged at a rate of R3.50 per week. It is expected that the operators' billing retention will equate to approximately half of these costs. The service will assume the name FoneWorx TV.
"The deployment of ROK's mobile applications into Africa has been a key goal and FoneWorx have a truly pan-African reach into dozens of mobile phone operators across the continent," said Laurence Alexander, CEO of ROK, adding that "we are looking forward to subsequently rolling-out a number of other unique ROK applications in addition to mobile TV."
Robert Russell Operations Director of FoneWorx agreed that they are: "Delighted to have partnered ROK on this initiative to deliver new mobile entertainment services across Africa. ROK technologies have proved to be 'Best of Breed' in the streaming of high quality video over mass-market 2.5G networks, which results in a much more positive user experience than ever before."
About ROK
ROK Entertainment Group, formed in 2003, is a world-leading mobile technology and applications developer.
With 170 staff worldwide, ROK has filed more than 40 international patents for its suite of innovative mobile technologies.
With 3 billion mobile handsets in use worldwide, the mobile TV industry is forecast to become a multi-billion dollar business within a few years.
ROK TV enables the streaming of live and on-demand TV to mobile phones over mass-market 2.5G, as well as over 3G and Wi-Fi.
ROK Entertainment Group, a U.S. publicly-traded company, is formally known as Cyberfund, Inc. (OTC BB: CYFD), and is in the process of changing its corporate name.
About FoneWorx
FoneWorx is the preferred Wireless Application Service Provider to the South African Broadcasting Corporation
Multi Choice the largest Satellite Broadcaster into Africa appointed FoneWorx as it's exclusive Service Provider for all it's African requirements pertaining to SMS and IVR Voting and Competition services.
FoneWorx has developed it's own range of Network class Business Services aimed at the Emerging and SMME Markets branded VBC (Virtual Business Services).
FoneWorx is the Market leader in the deployment of Fax to Email solutions in a turn key plug and play offering.
IVR, SMS and WAP system offerings combined with a strong presence in Music Content is also available from FoneWorx.
FoneWorx has current connectivity with some 26 MNO in Africa and enjoys relationships with some 42 NMO in Africa
Forward-Looking Statement
The information contained in this new release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in these statements. Forward-looking statements regarding the timing of developing, testing and releasing existing and new products, of marketing and selling them, of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the company's control.
