ViewCast.com and Hauppauge Digital Join Forces To Launch Your Video on the Web
Companies Announce Strategic Partnership
DALLAS, Texas, October 5, 1999 � ViewCast.com (NASDAQ: VCST), a leader in streaming video solutions for the Internet, and Hauppauge Digital Inc. (NASDAQ: HAUP), the leading developer and manufacturer of analog and digital video, TV and data broadcast receiver products for personal computers, announced today the formation of a strategic partnership and the launch of Your Video on the Web, which enables the PC user to capture video from a camcorder and stream (broadcast) it over the Internet.
The Your Video on the Web package, developed by ViewCast.com, will retail for $99.95. Hauppauge will distribute Your Video on the Web through its established domestic and international retail distribution channels, reaching nearly 5,000 retail outlets worldwide. As part of the strategic partnership, Hauppauge and ViewCast.com will continue to establish new retail offerings.
Complementing the retail package is ViewCast.com�s www.yourvideoontheweb.com web site and consumer video hosting service scheduled for launch in November. Hauppauge and ViewCast.com are collaborating to establish the service that brings camcorder video, streaming media, and the Internet together. This is the industry�s first dedicated site allowing users to easily share life�s special moments with friends and family. The offering will also be available to more than a million Hauppauge WinTV users worldwide.
"Our goal is to bring Internet streaming media to every consumer through the Your Video on the Web retail product and ViewCast.com�s streaming video hosting service," said Ken Plotkin, Hauppauge�s chief executive officer. "By joining forces, Hauppauge and ViewCast.com will enable the creation of hundreds of thousands of personal video sites on the Internet."
As part of the partnership, Hauppauge will obtain certain technology licenses from ViewCast.com, and both companies will continue joint development projects on new technologies for digital and networked video markets. Licensing terms and development agreements were not disclosed.
"The partnership with Hauppauge is a powerful combination, blending their world-class expertise with products for personal computers, and our expertise with leading streaming and video technology products," said Neal Page, vice president of ViewCast.com�s Osprey division. "Our teams have worked well together for several years, and we expect the companies� strong synergy will lead to new products and market expansion in this rapidly growing industry."
About Hauppauge Digital Inc.
Hauppauge Digital Inc. is the leading developer and manufacturer of analog and digital video, TV and data broadcast receiver products for personal computers. Through its Hauppauge Computer Works, Inc. subsidiary, the company designs and manufactures analog and digital video boards for TV-in-a-window, digital video editing and video conferencing. The company is headquartered in Hauppauge, New York, with sales offices in Germany, London, Paris, The Netherlands, Sweden, Italy, Singapore and California. The company�s Internet web site can be found at www.hauppauge.com.
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 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 equipment. ViewCast.com�s products are available from leading OEMs, system integrators, leading resellers and application developers worldwide. For more information, visit the company�s web site at www.viewcast.com.
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.