InterVision Network acquires intellectual property, sets up STB division

February 1, 2008 – US firm Future Quest Corporation has announced that it has changed its name to InterVision Network Corporation to reflect the acquisition of intellectual property, Internet content and other assets, and a focus towards the production of set-top boxes.

InterVision Network has formed the subsidiary InterVision Streaming Corporation (iSTREAM), which will primarily be a set-top box supplier.  IVNET and iSTREAM report that they plan to produce, distribute and develop IPTV technology, beginning with a set-top box that will be launched in the middle of this year.

“We are extremely excited with the team we have put together and the acquisitions that this company has made over the past few months,” said Richard Luthmann, Executive President of IVNET.  “A prominent technology CEO said last week that every company has tried to figure out how to get movies over the Internet to a widescreen television and all have missed.  We believe that we have hit the mark and that the iSTREAM Console will usher in a new era of multimedia consumption.”