News Column

ASI Entertainment Reports Increased Revenue from BizjetMobile

February 17, 2014



SEATTLE--(BUSINESS WIRE)-- ASI Entertainment, Inc. (OTCQB:ASIQ) has released its quarterly 10-Q for the period ended December 31, 2014, showing increased revenue from license fees received from sale of BizjetMobile systems and services. Revenue increased four fold to $19,172 for the December 2013 quarter, and resulted in a loss of $5,349 for the period. The full 10-Q filing is available on the SEC's website at: http://edgar.sec.gov/. The CEO, Phil Shiels, said “it’s pleasing to see the revenue from the Company's intellectual property starting to build, and with the current level of enquiry being experienced by the licensee, the Company is optimistic that revenues should continue to grow.”

As a result, the Company has also extended for six months, the term of the license agreement for providing the billing for the North American BizjetMobile services, in order to further appraise the potential of BizjetMobile data services and the new Grrrilla program.

About the Company

ASI Entertainment owns intellectual property developed to allow communications in aircraft by shutting down the primary cell phone transmitter and connecting via Bluetooth to a personal electronic device, to facilitate data and voice communications.

ASiQ Limited, was licensed by ASI Entertainment in May 2008, to commercialize the intellectual property, and from this license has evolved ASiQ's BizjetMobile and Grrrilla inflight connectivity solutions.

Safe Harbor Disclosure:

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," "may," "will," "should," "could," "expect," "intend," "project," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the company's projections and expectations are disclosed in the company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.




ASI Entertainment, Inc.

Phil Shiels, +61 3 9016 3021

phil.shiels@nextwave.biz

Source: ASI Entertainment, Inc.


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Source: Business Wire


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