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From the Wires
Averox Announces Further Enhancements for Provisus(TM)
Averox Announces Further Enhancements for Provisus(TM)

By: Business Wire
Apr. 17, 2008 04:07 PM

Averox (Pvt) Ltd, a wholly owned subsidiary of Averox Inc. (OTCBB:AVOX), today announced further planned major enhancements to its licensed ProvisusTM provisioning and activation solutions portfolio. In 2007, Averox entered into a global partnership with Provisus Limited, a UK based OSS (Operations Support Systems) solutions provider to the telecom industry, for ProvisusTM convergent service activation software solution. Under the terms of this agreement, Averox markets, sells, deploys and supports ProvisusTM to telecom operators globally.

Version 3.0 of ProvisusTM is anticipated to be generally available for customer deployments starting in the second half of 2008. The enhancements will be to support the provisioning/activation of next generation services mainly based on Internet Protocol (IP) and in particular it is planned that the enhancements will include support for IPTV. IPTV (IP Television) is a system where digital television service is delivered using Internet Protocol over a network infrastructure. This may include delivery by a broadband connection. A general definition of IPTV is television content that, instead of being delivered through traditional broadcast and cable formats, is received by the viewer through the technologies used for computer networks.

“These further enhancements will enable communication service providers to quickly deploy revenue generating next generation services. We believe IPTV is a major part of next generation services,” said Mr. Salman Mahmood, President and CEO of Averox Inc. "These enable providers to not only increase value added revenues but also to reduce customer churn and gain market share,” he added.

The Multimedia Research Group (MRG) IPTV Global Forecast 2007-20011 has estimated that the number of global IPTV Subscribers will grow from 13.5 million in 2007 to 72.6 million in 2011, a compound annual growth rate of 40 percent.

Furthermore, MRG has stated that Europe remains the leading region for IPTV. European subscriber numbers have already increased from the forecast MRG made in April 2007. According to MRG, Asia's prospects for growth in IPTV have continued to improve as tests in China and India have blossomed into successful deployments. MRG believes that over the period of this forecast Asian subscriber numbers will grow from 5 million to 28 million while those for Europe will grow from 6 million to 32 million. North American subscriber numbers are expected to increase from 1 million in 2007 to 11 million in 2011.

Finally, MRG concluded that the global IPTV service revenue forecast was $3.7 billion in 2007 and is expected it to grow to $23.2 billion in 2011, a compound annual growth rate of 44 percent. Although Asia and Europe are increasingly close in the number of subscribers, Europe and North America are expected to generate a disproportionate amount of revenue increasing over this four year period from $1.2 billion to $8 billion and $1.0 billion to $9 billion, respectively. This discrepancy is due to lower average prices in Asia.

“We are impressed with the detail and breadth of the MRG forecast of growth in the IPTV sector and believe that this growth will offer substantial opportunities for ProvisusTM,” said Mr. Mahmood.

About Averox Inc. (www.averox.com)

Averox Inc. (OTCBB:AVOX) is a publicly held independent provider of solutions and services in the domains of Telecommunication Engineering, Telecommunication OSS and BSS and Information Technology. Averox services include offshore product development, application management, project management, program management, telecommunications network deployment, management, optimization and maintenance for small, medium and large enterprises. Averox Inc. has two principal subsidiaries Averox Private Limited and Averox FZ-LLC.

This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Averox management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to Averox as of the date of the press release, and it assumes no obligation to update or alter its forward- looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect Averox' results of operations are detailed in the filings of Averox with the SEC.

Published Apr. 17, 2008
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