(NKE) (CA) Nike and Metastream Announce Strategic Partnership and License Agreement.Business Editors NEW YORK--(BUSINESS WIRE)--March 29, 2000 Nike to Adopt New Metastream3 Technology to Offer Interactive 3-D Shopping Experience to Nike.com's Expanding Consumer Base Nike Inc. (NYSE NYSE See: New York Stock Exchange :NKE NKE Nike, Inc. (stock symbol) NKE National Knowledge Exam (Canada) NKE NK2 Homeobox Factor-Binding Element NKE Northwest Kodály Educators NKE Network Kernel Extension ) and Metastream Corp., the leader in providing marketing visualization solutions for the Web and a subsidiary of MetaCreations Corp. (Nasdaq:MCRE MCRE Master Create (banking) MCRE Miscellaneous Capital Related Expense (business) MCRE McRoberts Commercial Real Estate (Des Moines, Iowa) ) and Computer Associates International Inc. (NYSE:CA), today announced a Metastream license and viewer distribution agreement. Under the terms of this agreement, Nike will broadcast Metastream 3.0 interactive 3-D content on its Web site and distribute the Metastream viewer to its online consumers. With this agreement, Nike becomes one of the premier clients for Metastream and a top-tier adopter of Metastream 3.0 technology, the new generation of Metastream Corp.'s award-winning 3-D visualization technology for the Web that bridges the gap between the e-commerce and brick-and-mortar shopping experience. The announcement is being made at today's opening of Metastream's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office where Metastream 3.0 will be unveiled to the public. Metastream 3.0 (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. 3) enables Web users to experience online content like never before. It marries three-dimensional Web content with interactivity and unmatched visual fidelity to unleash a true-to-life online shopping experience for all. Through its seamless Web media integration, Metastream is the first Internet solution that incorporates 3-D images with other forms of Web media, allowing for interaction with virtually any type of online content. Regardless of connection speed or hardware, MTS3 combines the benefits of the traditional in-store shopping experience with the convenience and user-control of the Internet to bring e-commerce to a new level. "At Nike.com, we seek to provide our customers with not only the best performance athletic products, but also the best shopping experience available," said Mary Kate Buckley, Vice President and General Manager of Nike.com. "We are pleased to work with Metastream to help deliver to our online customers the visual interaction of a real store, further delivering upon the promise of the Internet," said Buckley. Buckley added that Nike will move as swiftly as possible to implement the software tools and generate content to enable consumers to view our products using the Metastream format. "We're pleased that Nike has selected Metastream to provide its consumers with a more compelling online shopping experience," said Bob Rice, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Metastream Corp. "We believe that Metastream is a major step forward in transforming static Web content into a rich, interactive consumer experience, and Nike's support will help to drive the adoption of Metastream as the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, for 3-D visualization on the Internet." MTS 3.0 builds upon the strong foundation and widespread, international adoption International adoption, or intercountry adoption, is a type of adoption in which an individual or couple becomes the legal and permanent parents of a child born in another country. of Metastream 2.0, last year's winner of such prestigious accolades as Popular Science Magazine's Best of What's New 1999, and PC Magazine's Technical Excellence award. The MTS 3.0 viewer will be made available for download later this week. For more information visit http://www.metastream.com. About Nike Nike Inc., with headquarters in Beaverton, Ore., designs and markets its products in more than 100 countries and is the world's leading sports and fitness company. Further information can be obtained at http://www.nikebiz.com. About Metastream Corp. Metastream is the leading provider of marketing visualization solutions and services that enable engaging, interactive product merchandising on the Internet. Metastream's primary activities include developing and licensing Metastream technologies for e-commerce, providing a full range of fee-based professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for implementing these 3-D solutions and gaining adoption of its solutions through strategic alliances with leading interactive agencies, Web content producers, and graphic tools companies. Metastream is 80 percent owned by MetaCreations (Nasdaq:MCRE) and 20 percent by Computer Associates International, Inc. (NYSE:CA) and has headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Additional information about Metastream is available at http://www.metastream.com. About MetaCreations Corp. MetaCreations is focused on e-commerce visualization solutions for the World Wide Web, and the company's Internet strategy is being executed through its subsidiary, Metastream Corp. The company has headquarters in Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. County, Calif., and can be reached on the World Wide Web at http://www.metacreations.com. About Computer Associates Computer Associates International, Inc. (NYSE:CA), the world's leading business software company, delivers the end-to-end infrastructure to enable eBusiness through innovative technology, services and education. CA has 18,000 employees worldwide and had revenue of $6.3 billion for the year ended Dec. 31, 1999. For more information, visit http://www.ca.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially as a result of a number of risks and uncertainties affecting the company's business. Such risks include, but are not limited to, the following: no assurance that Nike will license Metastream 3.0 (MTS3), that Nike will broadcast MTS3 content on its Web site and/or distribute the MTS3 viewer, that Nike will move as swiftly as possible to implement the software tools and generate content to enable consumers to view their products using the Metastream format, that Metastream will provide Nike's consumers with a more compelling online shopping experience, that Nike's support will help to drive the adoption of Metastream as the de facto standard for 3-D visualization on the Internet, that the MTS3 viewer will be made available for download later this week as expected, that MTS3 will ship on time or include the functionality as described in this news release. For a more detailed discussion of factors that affect MetaCreations' operating results, interested parties should review MetaCreations' SEC reports, including MetaCreations' Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1999, and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . MetaCreations and Metastream are either registered trademarks or trademarks of MetaCreations Corp. Other product and company names herein may be trademarks of their respective owners. |
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