Article: United States : Hipso Multimedia, Inc.'s (HPSO) Subsidiary, Valtech Communications, Signs Letter of Intent to Purchase 50% Interest in Clovys Communications, Inc.

Byline: pinto03

Hipso Multimedia, Inc. (OTCBB: HPSO) announces that its wholly owned subsidiary, Valtech Communications, Inc., has entered into a letter of intent with Clovys Communications, Inc. to purchase a 50% equity interest in Clovys.

Clovys has been awarded by the Canadian Radio-Television and Telecommunications Commission ("CRTC"), a Canadian multiplatform television license which permits it to broadcast urban television throughout Canada. Very few licenses are awarded and Clovys as the only license devoted to urban television. Clovys, with its francophone (French culture) multiplatform high definition digital Canadian channel, will specialize ...

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