ViewCast and MediaWave Announce Joint Marketing Agreement

Companies Will Co-Market ViewCast Products to EMEA Marketplace

DALLAS(Oct.3, 2001) - Against the backdrop of reduced air travel demand and the search for effective alternatives, ViewCast Corporation (NASDAQ: VCST), the video communications leader, has entered into a joint marketing agreement with leading Internet broadcaster, MediaWave. MediaWave will provide sales and sales engineering support for all ViewCast products to ViewCast resellers as part of its strategy to enhance its product portfolio and ramp up its presence in Europe, the Middle East and Africa (EMEA).

MediaWave, which is focusing its efforts on the growing business market, will merge ViewCast's complementary products with its own, providing market-leading capability and presence in over 15 countries across EMEA. The company can now represent a range of hardware that enhances its network usability, thereby boosting its appeal to businesses adopting advanced video communication strategies.

Combining the strengths of its newly launched Corporate Vision broadcasting system, its existing NeuralNetwork and the ViewCast Viewpoint VBX, an enterprise video distribution and conferencing system, MediaWave is now better placed to help businesses exploit the benefits of high quality network broadcasting at a fraction of the cost of other video communications solutions - and without impacting on the corporate network. The merged offering not only provides an economical alternative to executive travel but also a flexible platform for corporate communications as a whole.

In addition, this agreement will bring together MediaWave's expertise in encoding, product, installation and implementation of streaming media applications with ViewCast's Osprey video capture cards, ViewCast Niagara Streaming Systems turnkey solutions and ViewCast Online services in the form of MediaWave Self Stream to offer businesses a robust and complete streaming media solution: from content capture through to uploading to the Internet.

Chris Frampton, MediaWave CEO comments on the deal, "The worldwide content distribution traffic revenues from corporate streaming is expected to rise to around US$400m by 2005 and EMEA will represent a significant proportion of this. We can now effectively build on our strong position in Europe, by building on key synergies between MediaWave and ViewCast to deliver best-in-class highly-featured network-based video-conferencing solutions for business customers."

George Platt, president and chief executive officer of ViewCast, adds, "Businesses are realizing that videoconferencing and interactive streaming applications provide substantial cost and time savings as an alternative to travel - especially for companies with a multi-national presence. MediaWave is well positioned to support ViewCast in driving this message and marketing innovative solutions through ViewCast technologies and services."

About MediaWave

MediaWave is Europe's leading digital broadcaster. Established in 1995, its business is in broadcasting over the Internet, TV, cable and satellite networks, live events, company presentations, television and audio programmes. MediaWave is an industry pioneer in this field and responsible for the biggest live global Internet broadcasts to date including Madonna's concert in Brixton, London; Paul McCartney at Liverpool's Cavern Club and the Brits 2001. The creation of Europe's only outside Internet broadcasting facilities allow MediaWave to deliver the highest-quality broadcasts to any company, anywhere, anytime. Its flagship products include MediaWave Knowledge and MediaWave Corporate Vision. For more information about MediaWave, visit www.mediawave.co.uk.

About Viewcast Corporation

ViewCast develops products and services that provide video networked solutions. ViewCast maximizes the value of video through its core businesses: Osprey® Video provides the streaming media industry's de facto standard capture cards; ViewCast Systems integrates turnkey streaming and video distribution systems; and ViewCast Online Solutions delivers complete B2B solutions and video delivery for online video communications. From streaming digital video on the Internet to distribution of broadcast-quality video throughout the corporate enterprise plus comprehensive "click, create and view" video software applications, ViewCast provides the complete range of video solutions. Visit the company's web sites (http://www.viewcast.com, http://www.ospreyvideo.com and http://www.viewcastonline.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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