Communications & Media: Ad Systems Inks Texscan Deal
July 7, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Ad Systems Communications, Inc. (OTCBB: ADSY), a service provider of digital media and video communications for all cable TV networks, said that it has entered into an agreement with Texscan MSI, a digital video technology company. Under the deal, Ad Systems will integrate Texscan's new digital video streaming technology into its proprietary, patent-pending cable TV ad insertion technology.
With the integration, Ad Systems will introduce its next generation ad-insertion platform with full digital and HD insertion support and begin monetizing its digital cable ad-representation contracts with cable providers throughout North America.
Martin Alcock, chief technology officer for Ad Systems, said, "The addition of the Texscan MSI digital insertion technology to Addige.NET increases our competitive advantage and allows us to simultaneously serve both digital and HD networks for cable TV partners."
J. Michael Heil, CEO, added, "This deal with Texscan MSI enables us, via their splicing technology, to meet the ever-increasing demand to add expanded support for IP based and digital tiered Cable TV systems.
He added that Ad Systems will enjoy a revenue increase from its existing systems and will be able to launch its operating systems into more competitive tiered markets.
Oregon-based Ad Systems Communications provides advertising inventory for the major cable TV networks. The company derives revenue from this inventory by selling it to advertisers to insert both long and short form video commercials into highly targeted markets.
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