ViewCast Announces Financial Results for Third Quarter 2002

Revenue Increases for the Third Consecutive Quarter

DALLAS (November 14, 2002) - ViewCast Corporation (VCST.OB), a leading provider of high quality network video communications solutions, today reported financial results for the third quarter ended September 30, 2002. Revenues for the quarter were $2.1 million, a sequential increase of 10% from the $1.9 million in the previous quarter, and a 16% increase over Q3 2001 revenues of $1.8 million.

Basic and diluted net loss per share was $0.06, which was slightly greater than the loss of $0.03 reported in the previous quarter, and an improvement from the loss of $0.14 reported in the third quarter 2001. Operating expenses for the quarter were $2 million, a decrease of 11% from the second quarter and a 33% decrease from the third quarter 2001.

ViewCast completed the acquisition of the assets and operations of Delta Computec Inc. (DCi) subsequent to the end of the third quarter. DCi is a provider of professional information technology and customized network support services to Fortune 500 and Fortune 1000 corporations, mid-sized companies, hospitals, health care facilities, and financial institutions primarily in the Northeast. The acquisition is expected to augment ViewCast's revenue through its ongoing operations and should also increase the current systems revenue by enabling DCi to bundle ViewCast systems hardware and software with IT services.

"Although we are not satisfied with the results as yet, we did achieve several benchmarks that we feel are instrumental in moving the Company toward profitability. One of these was our third consecutive quarter of increasing revenue, which was attributable to some recovery of Osprey product sales and increased Niagara systems sales," said George Platt, President and Chief Executive Officer. "The second benchmark was the completion of the DCi acquisition. We expect DCi to make a positive impact on our bottom line through the enhanced capabilities, expanded sales channels and the broadening of our customer base. Additionally, we have made enhancements in the quality of service delivered by the VBX systems, which should result in additional business with our current customers and assist in attaining contracts with new customers. These benchmarks, as well as the reduction of our operating expenses, are indications of our continued commitment to the ViewCast roadmap for success."

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.

Safe Harbor Statement
Certain statements, including those made by George Platt and those regarding business outlook, contain "forward-looking" information 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; the ability to integrate the assets and operations of DCi into the operations of ViewCast; and the ability of the company to obtain and enforce its patents and avoid infringing upon third parties' patents. The company will not update the guidance or targets given in these statements during the next reporting period or comment on its progress in the next reporting period to analysts or investors until after it has closed its books on that reporting period. Any statements by persons outside the company speculating on the progress of the quarter will not be based on internal company information and should be assessed accordingly by investors. 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 reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

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