Advanced Video Communications Launches New Visual Communications Network to Link Global Decision-Makers; WELCOM System Unveiled at World Economic Forum Meeting in Davos.DAVOS, Switzerland--(BUSINESS WIRE)--Feb. 3, 1997--Advanced Video Communications, Inc., in partnership with the World Economic Forum and other industry leaders, today launched WELCOM (World Electronic Community) -- a secure, private and advanced global visual networking system, based on a unique fusion of technology and content, that links international business leaders, top-level government officials and academics and experts from around the world. WELCOM, which was formally introduced today at the World Economic Forum's Annual Meeting in Davos, Switzerland, enables users to privately interact with specific individuals or groups around the globe, while accessing information and content tailored for their specific needs through a highly intuitive desktop-based visual medium. Developed over the past two years by Advanced Video Communications (AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264. (2) (Audio Visual C ), and industry partners including Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing (executive coaching Executive coaching basically refers to bringing about an improvement in the overall personality of an individual for a better outcome professionally. These are like any other coaching classes; the only difference is that they are meant for business executives, entrepreneurs, HR ), Dell Computer (desktop computers), Intel (Intel ProShare), Shiva (terminals and routers), Swiss Telecom (telecommunications) and ITOCHU Corp. (Asia procurement and distribution), WELCOM comprises a unique blend of advanced videoconferencing technology developed specifically for the system, and leading computing and communications technologies. WELCOM overcomes common barriers associated with traditional videoconferencing, such as slow frame rates and delays, through incorporating high resolution imaging technology to deliver high quality video to the desktop. The easy-to-use system, with its highly intuitive interface, provides exceptionally higher-quality communication than is possible by either telephone or e-mail. WELCOM Provides Access To World Leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. and Experts In addition to its visual technology capabilities, WELCOM's uniqueness lies in the instantaneous and real-time access it provides users to resources, leaders and experts from around the world, and to tailored content and information on demand. AVC will continuously manage the access, content and information available through WELCOM. "We are tremendously excited to be working with the World Economic Forum and our industry partners in launching WELCOM," said Mark Friedell, president of Advanced Video Communications. "What we are announcing today is not simply a new videoconferencing technology. WELCOM is a visual networking communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. that vastly extends the tremendous value inherent in face-to-face community interaction. WELCOM transcends barriers of space and time and extends this value right into virtual space -- making important community interaction continuously available to participants at anytime from anywhere in the world." WELCOM Tailored For Key Industries In addition to World Economic Forum members, WELCOM is targeted to important audiences within the executive educational, medical, legal and governmental fields -- where great benefit can be realized from a communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. that enables private multi-point conversations with industry peers from around the world. "WELCOM was designed to open up new business opportunities and facilitate expanded commerce, joint ventures and strategic alliances, enhanced business-government cooperation, global crisis management and improved cross-cultural and international understanding," said Klaus Schwab Klaus Martin Schwab (born March 30 1938) is a Swiss economist and businessman, best known as the president and founder of the World Economic Forum. His wife and former secretary, Hilde, works with him on some of his projects. He was born in 1938 in Ravensburg, Germany. , founder and president of the World Economic Forum. "WELCOM will enable geographically-dispersed individuals or groups to follow up on important discussions with virtual face-to-face meetings, establishing a link that can help propel new concepts for business, policy and government, while allowing them to utilize the system's core base of reference information and on-line events." WELCOM provides instantaneous and direct face-to-face access to experts at such leading business and professional educational institutions as the Wharton School or The John F. Kennedy School of Government The John F. Kennedy School of Government, colloquially known as the Kennedy School of Government (KSG) or simply the Kennedy School, is a public policy school and one of the professional graduate schools of Harvard University. , leading Washington think tanks like the American Enterprise Institute The American Enterprise Institute for Public Policy Research (AEI) is a conservative think tank, founded in 1943. According to the institute its mission "to defend the principles and improve the institutions of American freedom and democratic capitalism — limited government, or the Brookings Institution Brookings Institution, at Washington, D.C.; chartered 1927 as a consolidation of the Institute for Government Research (est. 1916), the Institute of Economics (est. 1922), and the Robert S. Brookings Graduate School of Economics and Government (est. 1924). and major technology centers such as the MIT MIT - Massachusetts Institute of Technology Laboratory for Computer Science or the Hong Kong University of Science and Technology The Hong Kong University of Science and Technology (HKUST, or UST) was established in 1991 under Hong Kong Law Cap. 1141 (The Hong Kong University of Science and Technology Ordinance), as one of eight universities in Hong Kong. The current president is Professor Paul Ching-wu Chu. . In addition to the ongoing dynamic content, WELCOM contains a core base of reference information including real-time news and video clippings. WELCOM Components and Availability WELCOM components include sleek, newly designed flat-panel WELCOM terminals, which support Internet access See how to access the Internet. in addition to state-of-the- art visual communications; digital ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. telephone lines; central servers around the globe to support multi-party interactions; directory services and multimedia document and messaging support; and dedicated communication services. WELCOM incorporates existing standards and will be compatible with future advanced communication products. The system will also be able to operate with non-WELCOM videoconferencing technology. WELCOM systems are available from Advanced Video Communications or from the World Economic Forum. Background The World Economic Forum is today the foremost international membership organization integrating leaders from business, government and academia into a partnership committed to improving the state of the world. Incorporated since 1971 as a foundation, the World Economic Forum is independent, impartial and not-for-profit, tied to no political, partisan or national interests. The World Economic Forum is based in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland. Based in Burlington, Mass., Advanced Video Communications is a commercial arm and partner of the World Economic Forum. Founded in 1995, Advanced Video Communications is a world leader in blending advanced videoconferencing technologies and computing and communications networks with unique, real-time, and interactive content and information. The company's staff, along with their partners at the World Economic Forum, are experts at managing and facilitating visual on-line global dialogues and events. -0- Note to Editors: Photos of WELCOM can be downloaded from the internet at WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .WEFORUM.ORG . CONTACT: Advanced Video Communications Phillip Yoo, 617/238-0761 yoo@avcinc.com or Fleishman-Hillard Katherine Leavenworth/Jason Glashow, 617/520-6604 waitek@fleishman.com |
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