Get ready for the 5th Annual XBIZ Awards, scheduled for Feb. 8 at the Highlands in Hollywood, Calif. This year's award show will take place in conjunction with the XBIZ State Of The Industry Conference at the Roosevelt Hotel in Hollywood, Calif., a next-gen industry conference featuring two days of networking, workshops, seminars and events.

Online adult industry veteran Jim Henley has been selected to serve as master of ceremonies. Adult entertainment star Tera Patrick will host the show.

'It's a huge honor to be asked to host XBIZ Awards,' Patrick said. 'This is the first awards show I've accepted to host and I see it as a wonderful opportunity. In fact, I declined nominations this year because of my close involvement with the XBIZ Awards. Now, my energy is focused on creating a wonderful night of awards and honors for the adult community.'

The awards ceremony has hundreds of adult entertainment companies competing for the coveted XBIZ Award, which is awarded based on innovation and excellence within the industry. Award nominees are nominated by clients and colleagues and then judged by a panel of peers.

The 5th Annual XBIZ Awards are coming to computer screens worldwide courtesy of Video Secrets. The live content provider will supply a live streaming video feed of the entire awards show on XBIZ.

All the finalists have been selected and a panel of judges will carefully vote for which companies will take home the coveted crystal XBIZ award. The award honors companies and products that have demonstrated innovation and excellence within the industry over the past year.

'XBIZ would like to congratulate the official finalists for the 2007 XBIZ Awards,' XBIZ President Alec Helmy said. 'On the evening of Feb. 8, attendees of XBIZ Hollywood '07 Conference will experience the most sensational XBIZ Award ceremony to date. This will be a night to remember.'