American Film Technologies Announces Formation Of Broadband Division For Development Of Internet Streaming, E-Commerce And Interactive Consumer Opportunities

American Film Technologies, Inc. (AFTC) (OTCBB: AFTC) announced the formation of its Broadband Division to further develop its patented technology for use with streaming-video, HDTV and other broadband applications. As part of this initiative, AFTC has created a Web site at AFTmedia.com, which is intended to stream seamless Video-on-Demand to Internet users on a worldwide basis. The AFTC Web site is being developed to provide consumers with scores of choices from the vast array of classic motion pictures and TV shows around the world. The site is expected to provide advertisers with a highly targeted audience, while providing AFTC with integrated e-commerce and multi-layered interactive components. While viewing streamed content, AFTmedia.com's audience will be able to purchase products, learn more about what they are watching and have a more rewarding entertainment experience than those offered by traditional media sources. Historically, AFTC's principal business has been the production of color versions of motion pictures and television programs originally produced in black and white. Now, the company intends to utilize its proprietary process to restore, modernize and preserve classic films and TV shows while building and distributing its own irreplaceable library of proven content. This new content will provide a platform for AFTC to generate licensing fees, advertising and e-commerce revenue from a variety of sources, including broadcast, cable, DVD, VCR, and all emerging digital and broadband distribution channels. Commenting on these developments, Fred Rudy, AFTC's Chairman and Chief Executive Officer said, ""We have developed a new and comprehensive business strategy that combines our proven technology with new-media opportunities. Through our Broadband Division, we are shifting the company in an exciting and new direction. It is our belief that demand for content will grow with each new digital product and the emergence of new markets throughout the word. We intend to use American Film's patented technology to help us aggregate and distribute content on a global scale. Our objective is to provide country-specific development and programming for delivery through traditional channels, streaming video, broadband distribution and digital set-top boxes.