MultiMedia Access Corporation Changes Name to ViewCast.com
Nasdaq Ticker Symbol to Change from MMAC to VCST
Dallas, Texas, April 7, 1999 – MultiMedia Access Corporation (Nasdaq:MMAC), a leading supplier of components, systems, and turnkey solutions for video communications equipment and Internet video streaming, announced today that it will change its name to ViewCast.com, Inc., to more accurately reflect the company's position in the Internet video streaming market.
"MMAC has historically been known as a development house with a breadth of core video technology and a focus on video conferencing. However, some of our most significant successes to date have been in the Internet streaming video market. Our vision is to leverage our core technology and extend our penetration into the networked video market, an arena that offers enormous opportunities. The name ViewCast.com is more representative of this strategic focus," said Bill Jobe, President and CEO of ViewCast.com.
ViewCast.com demonstrated the industry's first turnkey system for Internet streaming video– the ViewCast system – in September 1997. Since then, ViewCast.com's entire product line has expanded its penetration into the networked video arena with its unique blend of component, system, and complete solution products. Critical to the success in the Internet video market has been the company's focus on technology development adding value to solutions delivered by leading industry partners:
ViewCast systems offer the industry's first turnkey solutions for the industry's leading streaming video applications; RealNetworks RealSystem G2 and Microsoft's Windows Media Technologies (formerly NetShow).
ViewCast systems offer the industry's only hardware RealNetworks RealSystem G2 encoder for unique multi-stream encoding capability.
ViewCast.com's Osprey video capture cards have been recommended and sold by RealNetworks since the announcement of RealVideo, and are recommended by Microsoft as the only video capture card meeting the requirements of Windows Media; thus representing a de facto standard for video capture in the Internet video industry.
ViewCast.com's Osprey cards and codecs have been chosen by leading OEM suppliers including Compaq Computer Systems, Intergraph Computer Systems, FVC.COM and Sun Microsystems as the foundation for their networked video platforms, applications, and solutions.
ViewCast.com's ViewPoint VBX systems deliver the unique and powerful ability to transition legacy video communication equipment into networked video solutions, giving the power of Internet video distribution to existing applications.
The ViewCast VideoLogger is the industry's only single system video/audio logging and encoding station leveraging ViewCast.com's partnerships with leading application software packages in the streaming video space.
"Our objective is to continue to provide industry leading components, systems, and turnkey solutions for networked video applications. Our products add value for anyone; from the first-time creators of Internet video content to the professional network video broadcaster" added Bill Jobe "Key to our continued success in the Internet video space is the combination of our own core technology development and our relationships with leading industry partners."
The company's new Nasdaq ticker symbol will be VCST. The change will take place before the market opens on April 8, 1999.
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.