John Caulfield to Head New ViewCast Online Solutions Division
Former Outreach Technology CEO to Spearhead
Business-to-Business Solutions for Video Communications
DALLAS (Feb. 6, 2001) � Viewcast today announced that John Caulfield has been named corporate vice president and president of the ViewCast Online Solutions division at Viewcast, Inc. (NASDAQ: VCST), a leading provider of streaming media and networked video solutions. In this newly created position, Caulfield is responsible for building ViewCast Online Solutions business.
John will hit the ground running � initially with a staff of very capable ViewCast employees � and will be responsible for all operating functions of the new division, to include marketing, sales, development and support of the new initiative,� said George Platt, president and chief executive officer. �We believe that this division provides ViewCast with a new strategy that builds upon our considerable base of technology and expertise in streaming media from our Osprey Video division.
I�m excited to be leading this initiative for ViewCast,� said Caulfield. �The timing is perfect. Until now, rich media on the web has been mostly focused in support of the movie and entertainment industry. We believe only three percent of companies to date employ rich media in support of business applications. Therefore, an enormous opportunity exists to deliver, in a hosted model, solutions and applications that provide B2B customers quick time-to-value from this new technology. In the coming weeks and months, we will introduce an exciting set of initial offerings targeted to support these customers.
Prior to joining ViewCast, Caulfield served for two years as the president and CEO of Outreach Technology, an e-business corporation. Before Outreach, Caulfield was executive vice president for Fujitsu Private Network Division. Caulfield�s extensive high-tech experience includes executive positions at IBM, ROLM and Exxon Information Systems.
About Viewcast
Viewcast enables video communication over the Internet and corporate networks through its components, systems, and turnkey solution products. The company is known as a leading global provider of enterprise-wide, digital video communications solutions for both real-time and on-demand applications. Osprey� video capture cards and codecs, ViewCast� Niagara� Streaming Systems and Viewpoint VBX� System products deliver a wide array of video solutions for both analog and digital video communication systems. Viewcast delivers innovative networked video solutions, as well as systems that can work with legacy video communication equipment. We market, install and support our products directly or through arrangements with leading OEMs, system integrators, leading resellers and application developers worldwide.
Visit the Viewcast 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 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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