OJsys, Inc., Announces Relocation of Its Executive Offices

OJsys, Inc., Announces Relocation of Its Executive Offices OJsys, Inc. a developer and manufacturer of home media technologies, announces the relocation of its U.S. executive offices from San Jose, CA to San Francisco, CA. OJSY's wholly owned subsidiary, NTN, Inc., was established in 2000 and is located in Seoul, Korea. NTN develops and manufactures home media products that include receivers/set top boxes, satellite receivers, terrestrial receivers, receiver plus DVD RW combos, as well as media center PC devices including satellite receivers, home security devices, home automation devices, and digital recording (PVR) functions. These products are designed to enhance entertainment within the users' homes. Sales revenues for 2006 were $6.8 million (a 26% increase from 2005) and net profit was $700,000. OJSY projects sales revenue for 2007 will be $12 million with a net profit of $2 million. OJSY's subsidiary NTN's customers to date have been European companies such as Amstrad and Dixon, and Middle-Eastern companies such as EuroStar. In order to meet the growing demand for home media technology, NTN is currently expanding its customer base to include U.S. businesses. Parks Associates, the internationally recognized digital home technology research firm, estimated that 82 million homes worldwide had installed home networks, both wired and wireless as of 2005, and that the total would balloon to approximately 145 million by 2010. OJSY's CEO Henri Joubaud, said, "We ourselves are growing with the digital home technology boom. We are encouraged by the fact that the products we offer are what consumers are using worldwide and that we will find more and more people that use the NTN devices and products."