MUMBAI: AKG Technologies has launched its flagship product and India’s first Online Social TV, www.nyootv.com.

Peter Gardner, an investment banker and a key investor in NyooTV, launched the website with a whole new state of the art design and interface along with Neha Hinge, Femina Miss India 2010. Dr. Kartik Hosanagar, board of director and Gaurav Mendiratta, Founder and President of AKG technologies were present for the occasion.

Catering to wide section of audience across India, USA and UK, NyooTV is a host to premium legal entertainment related content, made available free of cost to their users. From streaming full length Bollywood movies and music videos to TV shows and documentaries, the content spans across various genres.

The social media integration factors, like an inbuilt Facebook chat and tweet option, makes the whole experience unmatched and interactive.

The initial response received from the users has encouraged the company to think of a foray into the vast and ever growing mobile applications market. They are ready to launch the NyooTV application for iPhone and Nokia smart phones; while applications for Blackberry and Windows Mobile are in the pipeline.

NyooTV will soon foray into the VOD (Video on Demand) device for a television set, by introducing the revolutionary “NBox” to the Indian market. The NBox will be made available at a one time investment of Rs 6000, wherein the consumers will be to record live TV, watch content from external storage media as well as access content from NyooTV.com.

Mendiratta said, "There is a huge market for free legal Bollywood content and archived television shows on internet in India as well as abroad. The mobile and internet market will witness a huge boost once the 3G & BWA spectrum is operative, which will lead to increase in speeds and a decline in the data usage charges. We are really happy to see the kind of response we are getting from the audiences in India and US, and at this rate we are looking at a stable growth rate of at least 100% for the next three quarters."

Hosanagar said, "NyooTV is the beacon of the sea-change in entertainment content viewing and delivery which epitomizes the exuberant spirit of Young India. Through innovation NyooTV has been able to customize its user experience akin to local Indian sensibilities while offering a truly global product."