Hope all is well. Today, we are happy to announce that Ustream has reached an agreement with Korea Telecom to launch Ustream Korea as part of our Joint Venture for Ustream Asia with Softbank Corp. in Japan. Korea Telecom will also invest an additional $10m into the company.
More importantly, we are excited to continue to march toward our vision of bringing the Ustream service to Asia in a steadfast and unwavering manner over a long period of time.
We thank our wonderful users and look forward to growing the Ustream service in Korea.