Ubalance partners with MatrixStream to roll out HD 1080p IPTV in South Korea

Ubalance partners with MatrixStream to roll out HD 1080p IPTV in South Korea

San Mateo, California – August 31, 2007 – UBalance Co. Ltd., a premier IPTV solution provider, has recently partnered with MatrixStream Technologies, Inc. to launch the first Video on Demand (VOD) and live HD 1080p IPTV deployment over a best effort network without QoS (quality of service) in South Korea.

With the world’s highest rate of broadband penetration, South Korea is already wired and adapted for massive IPTV deployment and, moreover, well suited to take advantage of MatrixStream’s HD streaming IPTV solution. “Increasingly fast and affordable broadband that is widely available throughout South Korea, primes the market here for HD streaming video which is of course an ideal market for our XMS based Video on Demand and IPTV solution that will optimize performance efficiencies over the existing public network,” states Jack Chung, CEO of MatrixStream.

MatrixStream’s patent-pending fully integrated end-to-end turnkey HD IPTV system will allow UBalance clients to deploy quickly and readily scale up to millions of users over existing broadband IP infrastructure without major network upgrades – delivering the home theater experience over the Internet to living rooms across South Korea for both live broadcasting and Video on Demand.

Unlike previously tried bandwidth hungry streaming IPTV solutions, typically requiring between 9 Mbps – 30 Mbps to stream high definition, that for the most part do not work over a public network, MatrixStream’s HD IPTV solution not only works over a public best effort network, it does so with as little as 3.5 Mbps to stream HD 1080p encoded videos or as little as 1.5 Mbps to stream HD 720p encoded videos.

In summary, MatrixStream’s IPTV solution can deliver full HD quality videos over the Internet. In addition to streaming HD videos, the MatrixStream IPTV platform is already designed to easily add features such as time shift DVR (digital video recorder), t-commerce, interactive gaming, VoIP, personal photo sharing, personal music library, among other applications.

According to Dr. In Sup Kwon, President of Ubalance, “MatrixStream offers UBalance a technically advance, robust system that allows us to provide our clients superior quality and a cost differential that distinctively sets us apart from the competition … moreover, due to the incredible growth of the IPTV market in South Korea, we project that Ubalance can sell up to 10 million MatrixStream set top boxes within three years.”

About MatrixStream Technologies, Inc.

MatrixStream Technologies, Inc., offers a complete end-to-end VOD and IPTV platform solution, utilizing patent pending XMS-HD™ technology that delivers DVD and HDTV quality videos over any broadband IP network to the viewing audience. Currently, MatrixStream is working with 25 major broadband service providers around the world. For more information, please visit www.matrixstream.com.

About UBalance Co. Ltd.

Ubalance, founded in 2002, is dedicated to the development and promotion of core HD IPTV and broadcasting technologies, with the goal of advancing the digital entertainment experience. For more information, please visit www.ubalance.co.kr.

Forward Looking Statement

This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements that are contained within this press release relate to, among other things, plans and timing for the introduction or enhancement of services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans that are not historical fact. When used in this press release, the words “plan,” “expect,” “believe,” and other similar expressions generally identify forward looking statements, which are expectations that are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the pervasive computing market.

Trademark Notice

MatrixStream is a registered trademark of MatrixStream Technologies, Inc. All other trademarks are trademarks of their respective owners.

For more information, please contact:

Aaron Keogh

Tel: 650-292-4982

Web site: http://www.matrixstream.com

Email: aaron {at} matrixstream(.)com