Pershing Securities, Member of the DLJ Group, selects ViewCast.com�s Viewpoint VBX� for videoconferencing and video distribution
Leading Investment Bank Realizing the Benefits of
Enterprise-Wide Video Communications
Dallas, Texas -- August 12, 1999 �ViewCast.com, Inc. (Nasdaq:VCST), a leading provider of
video solutions, today announced that Pershing, a wholly owned UK-based
subsidiary of one of the leading Wall Street investment banks, Donaldson, Lufkin
and Jenrette Securities Corporation (DLJ), has chosen ViewCast.com�s Viewpoint
VBX� for its videoconferencing and video distribution applications. The Viewpoint VBX System provides a flexible
video PBX architecture that manages multiple network and video compression
types, delivering TV-quality video to hundreds of desktops throughout an
enterprise. The VBX can simultaneously handle both broadcast and two-way video
and is used at Pershing for intra-company video communications.
"After reviewing the entire gamut of video
technologies from all vendors in this market, we chose ViewCast.com�s Viewpoint
VBX because of its rich feature set, plus it is the easiest for our brokers and
Senior Executives to use, it is compliant with many standards and the quality of
the video is unsurpassed." said Lloyd Williamson, Head of I.T., at Pershing.
"The benefits are all too apparent as senior
staff can now make video calls from the comfort of their desktop or as a group
from one of our video-enabled boardrooms, thus reducing time, travel costs and
offering a much smarter way to provide a more personal service to our external
or internal worldwide customers without increased wear and tear on the
employees." Williamson added. "We are pleased that a pioneer of technology
like Pershing Securities who handle large scale, mission critical financial
applications on a daily basis, has chosen the Viewpoint VBX for its video
communications solution. We look forward to a continued and strong partnership
with Pershing as their network grows and as additional desktops become video
enabled, worldwide." said Peter Taylor, Director of European Sales at
ViewCast.com. About Pershing Pershing Limited and Pershing Securities
Limited (Pershing) are members of the DLJ Group. Donaldson, Lufkin &
Jenrette is a leading integrated investment and merchant bank whose businesses
include underwriting, sales and trading, online brokerage services and
correspondent brokerage services. Founded in 1959 and headquarters in New York
City, DLJ employs 8700 people world-wide. DLJ are majority owned by The Equitable
Companies Incorporated, one of America�s largest and most prestigious
insurance companies and in whom Axa Midi Assurance, France�s second largest
insurance company is a major shareholder. About
ViewCast.com ViewCast.com makes the
Internet and corporate networks viable highways for video communications
through its components, systems, and turnkey solution products. The company is
known around the world as the leading provider of enterprise-wide, digital
video communications solutions for both real-time and on-demand applications.
Osprey� video cards, ViewCast� streaming video solutions, and Viewpoint VBX�
system products deliver a wide array of video solutions for digital video
communication systems. ViewCast.com is unique in its ability to deliver
cutting edge networked video solutions while delivering systems to transition
legacy video communication systems. ViewCast.com�s products are available from
leading OEMs, system integrators, leading resellers, and application
developers worldwide. Visit our website 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.
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