ViewCast Chosen by Siemens Information and Communications Group for Video Conferencing in Fully-Integrated Trading Solution

Viewpoint VBX provides video distribution for financial services in South Africa

DALLAS (Mar. 20, 2002) - ViewCast Corporation (NASDAQ: VCST), the video communications leader, announced today it has been chosen by Siemens Information and Communications Group (I and C Group) as part of a R25 million (app 2.14 million USD) contract to supply Standard Corporate and Merchant Bank, (SCMB) a division of The Standard Bank of South Africa, (SBSA) a fully-integrated trading solution.

Viewpoint VBX provides the project's video solution, allowing integrated trading desks of the Standard Bank Group in London to better interact with the Johannesburg office. There are 230 dealers at the main site at SCMB, making it one of the largest dealing rooms in Southern Africa. Cape Town and Durban will each have 10 dealing positions.

The contract is the largest ever that the Enterprises unit of Siemens I and C Group in South Africa has won. Globally, Siemens I and C Group is involved in a similar installation at Dresdner Bank in Frankfurt, making
Germany and South Africa leaders in the roll-out of the infrastructure.

In terms of the contract, Siemens will provide SCMB products from its HiPath product suite. The HiPath communication system is a Next Generation PC-based trading solution, incorporating video conferencing and video distribution, digital cordless technology (DECT), an HDMS management system, unified messaging, and a Telas CTI platform. The offering incorporates Viewcast's Viewpoint VBX video communications system as an integrated touch screen application providing video conferencing and video broadcast capability with point and click ease.

"We are very pleased to have been chosen by Siemens I and C Group to provide cutting edge technology to SCMB. We trust this relationship will provide future opportunities in this exciting sector. The significance of such contracts with large financial institutions such as this is that initial installations give rise to future expansion providing substantially greater future revenue opportunity," said George Platt, president and chief executive officer of ViewCast Corporation.

Siemens is currently rolling out Phase I of the project at Standard Bank's head office in Johannesburg and the Pretoria offices. In Phase II, the technology - which has multimedia capabilities - will be rolled-out in Durban and Cape Town.

Siemens I and C Group are currently rolling out Phase II of HiPath, its convergence architecture for Next Generation IP communications in Southern Africa. The products are designed to help companies slash their cost base, improve efficiencies and ultimately achieve returns on investments.

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 and ViewCast Systems integrates turnkey streaming and video distribution systems and software. From streaming digital video on the Internet to distribution of broadcast-quality video throughout the corporate enterprise, plus comprehensive video software applications, ViewCast provides the complete range of video solutions.

Visit the company's Web site (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 the actual results to differ materially include, without limitation, the following: the ability of the company to service its debt; continued significant losses by the company; the ability of the company to develop and market new products as technology evolves; the ability of the company to meet its capital requirements; increased competition in the video communications market; the ability of the company to maintain current and develop future relationships with third party resellers, manufacturers and suppliers; the ability of the company to meet governmental regulations; and the ability of the company to obtain and enforce its patents and avoid infringing upon third parties' patents. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's Prospectus filed on July 14, 2000 and its reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.
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