ViewCast.com Announces Formation of New Division: "ViewCast.Online"
ViewCast.com Leverages Streaming Expertise to Bring Rich Media Applications and Online Solutions to B2B Arena
DALLAS (Sept. 19, 2000) � ViewCast.com, Inc. (Nasdaq: VCST), a leading provider of Internet and networked video solutions, today announced the formation of an online applications and services division called ViewCast.Online, the charter of which is to provide online rich media products, solutions and services for B2B streaming and video networking applications.
ViewCast.com plans to offer new video hosting services; a video portal development engine; new easy-to-use desktop capture, encoding and streaming software applications; vertical market software applications tailored to specific market requirements; professional streaming consulting services and other capabilities to make it easy for businesses to capture, encode and host streaming media. These new ViewCast.Online products and services will help small businesses up through Fortune 1000 companies to implement state-of-the-art streaming video over the Internet and on corporate intranets.
"This exciting new initiative leverages ViewCast.com�s streaming media and video networking expertise and expands ViewCast.com�s products and services into new areas of the streaming media market,� said George Platt, ViewCast.com chief executive officer. �As an established leader in the field of streaming media and video networking and communications, ViewCast.com has the expertise to help companies rapidly implement these solutions in the most effective and cost-efficient manner.�
�The ViewCast.Online division will focus on providing audio/video streaming products and services that dramatically improve a company's ability to deliver live and on-demand rich media over the Internet or corporate intranets. Rich media will be increasingly commercialized and the driver for this will be the business and economic advantage that companies realize from using it to get their business message out to customers and prospects," said Platt.
The new ViewCast.Online products and services will help the company reach new streaming market segments by providing new hardware products, software applications, and professional services.
"Based on the exponential forecasted growth in video streaming services over the next five years, we see the new ViewCast.Online group as a new way for ViewCast.com to leverage its expertise and significantly increase revenues,� said Brian Dean, ViewCast.com vice president of marketing. �This is a natural expansion of our core business in video-capture cards, where we have a dominant position in the industry. The streaming media industry is growing at a phenomenal rate and ViewCast.com would like to capture a bigger piece of the overall streaming media market. As we head into this new era of broadband and the convergence of broadcast and the internet, the demand for streaming media products and services will explode and we want to be positioned to take advantage of this as it happens.�
About ViewCast.com
ViewCast.com enables video communication over the Internet and corporate networks through its components, systems, and turnkey solution products. The company is known as a leading global provider of enterprise-wide, digital video communications solutions for both real-time and on-demand applications. Osprey� video capture cards and codecs, ViewCast� Streaming Video Solutions and Viewpoint VBX System� products deliver a wide array of video solutions for both analog and digital video communication systems. ViewCast.com�s "Your Video on the Web�" was the first consumer product and hosting service to bring streaming media capabilities to home users and allow small businesses to easily add video to their web sites. ViewCast.com has the ability to deliver cutting-edge networked video solutions while delivering systems to transition legacy video communication equipment. ViewCast.com products are available either directly from the company, or from leading OEMs, system integrators, leading resellers and application developers worldwide.
For more information on how ViewCast.com can help you with your streaming media applications contact us at (972) 488-7200 or email us at [email protected]. You can also visit our web site at http://www.viewcast.com for more information.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-KSB and 10-QSB on file with the Securities and Exchange Commission. All trademarks are property of their respective holders.