AENTV.COM Inks Streaming Video Content Syndication Deal With iWon.com.LOS ANGELES--(BUSINESS WIRE)--June 29, 2000 Following last month's announcement of pending deals with a number of major portals for the syndication of its original streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. productions, Drew Cummings, 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. of the Alternative Entertainment Network, Inc. (www.aentv.com) announced today that iWon.com(SM) (www.iWon.com), a leading destination Internet portal, will begin to offer the AENTV streaming video series of "Billboard(R) Minutes," "Hollywood Reporter Minutes" and "Chix On Flix." The three shows are produced daily by AENTV from the recently completed iNEXTV/AENTV digital studios in Woodland Hills, Calif. AENTV will also provide hosting and video streaming See streaming video and video stream. services to iWon(SM) as part of the content syndication deal. "Billboard(R) Minutes" is a co-production with Billboard(R) Magazine, the leading music publication, and delivers up-to-date music news, reviews, videos and interviews. "Hollywood Reporter Minutes" is a co-production with the Hollywood Reporter Magazine, and delivers daily entertainment news, videos, trailers and celebrity interviews. "Chix On Flix" is a new daily show hosted by Katie Wagner Katie Wagner (born May 11 1964 in Los Angeles, California) is a television personality and Hollywood reporter. She was named after actress and family friend Katharine Hepburn. Her birth parents are actress Marion Marshall and veteran actor Robert Wagner. , Karyn Bryant Karyn Bryant is an American actress, writer, and television personality who was raised in Boston, Massachusetts. She completed secondary school at Lawrence Academy at Groton, and received bachelor's degrees from Brown University in political science and sociology. and Lynn Oddo, and features reviews on newly released films and home videos. All three shows are short form offerings of approximately five minutes in length. "All three entertainment industry-related shows have had enormous success on AENTV," said Cummings, "and we are pleased to be able to team up with iWon.com as our first syndication partner where our programming will be available to an even larger audience. Our continued goal is to develop and produce original branded or celebrity-driven programming that has wide demographic appeal and to offer that programming through our syndication channels to a chosen group of high profile syndication partners, portals, search engines and destination sites. Using a hybrid business model partially borrowed from the early days of television syndication, we believe that AENTV is well positioned to pursue its objective of becoming to the Internet, what King World has become to broadcast syndication In broadcasting, syndication is the sale of the right to broadcast radio shows and television shows to multiple individual stations, without going through a broadcast network. ." "We are excited about our partnership with AENTV and our entree into daily video programming," said Bill Daugherty, iWon founder and co-CEO. "We are thrilled to offer iWon users brand name content in both narrowband and broadband formats." AENTV.com will announce other major content syndication partners over the next few months, in addition to a ramped-up production schedule that will include three new daily series and two new live 24/7 channels focusing on Classic Rock & Roll and the Golden Age of Television, all of which will also be offered for syndication. About iWon.com Launched only nine months ago, iWon currently attracts one out of every nine people who visit the Web from work and one out of every ten people who visit the Web from home (Media Metrix, May). iWon.com provides users with world-class content and functionality with many of the same partners -- Reuters, AP, WeatherNews Inc., Autoweb, Travelocity, Gist and Lottonet -- as Yahoo! As an added incentive, iWon gives away to users, $10,000 every day, 30 prizes of $1,000 every week, $1 million every month and $10 million on Tax Day. By simply using the site to search the Web, check email, go shopping, read the news or perform other regular Internet activities, iWon.com users earn entries with practically every click. To date, iWon has given away more than $21 million in cash prizes. For details and official rules, visit www.iwon.com. About AENTV.COM Alternative Entertainment Network, Inc (www.aentv.com) is an affiliate of iNEXTV Corporation, a wholly-owned subsidiary of Ampex Corporation (Amex:AXC AXC Chief Aviation Antisubmarine Warfare Technician (Naval Rating) AXC Add Cross-Connect Card ), and the leader in the production and syndication of streaming video content. The iNEXTV network of affiliates also includes EXBTV, www.exbtv.com, Washington, D.C., producer and netcaster of original Internet programming regarding the Executive Branch of government; iSTYLETV, www.istyletv.com, 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 , focusing on the lifestyles, passions and pursuits of affluent Web users; TV on the WEB, www.tvontheweb.com, Reston, Va., a leading provider of Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer. services; and TV1 Internet Television Internet television (or Internet TV) is television distributed via the Internet. Overview In the past, television was only distributed by cable, satellite, or terrestrial systems. , www.tv1.de, Munich, Germany, one of Europe's top webcasters. This news 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. within the meaning 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 that involve risks and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations and risks affecting Ampex's Internet strategy. |
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