Akamai and CCBN.com Expand Strategic Relationship to Webcast Audio and Video Conference Calls to Online Investors.Business/Technology Editors CAMBRIDGE, Mass. and BOSTON--(BUSINESS WIRE)--May 15, 2000 Deal Signals Companies' Belief in the Continued Growth of Webcast Services in the Shareholder Communications Industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. Akamai Technologies Akamai Technologies, Inc. (NASDAQ: AKAM) is a company that provides a distributed computing platform for global Internet content and application delivery, headquartered in Cambridge, Massachusetts. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ), the foremost provider of global, high-performance services for the delivery of interactive Web content, streaming media See streaming audio, streaming video and digital media hub. , and Internet applications, and CCBN CCBN Central Coast Bancorp CCBN Charles County Business Network .com (www.ccbn.com), the leading provider of online investor relations Investor relations The process by which the corporation communicates with its investors. services to publicly traded corporations, announced today a one-year expansion of their existing streaming media agreement. Akamai has provided CCBN.com with streaming media solutions for more than a year, enabling CCBN.com's client base of over 1,400 public companies to broadcast investor-related conference calls and meetings live over the Internet. The expanded streaming deal makes CCBN.com one of Akamai's largest streaming media customers. Over the past year, CCBN.com has experienced a 300% increase in the number of Webcasts it has delivered for public companies that are embracing this new medium as a cost-effective and efficient way to get their message out to investors. Over the next year, CCBN.com expects to Webcast approximately 10,000 investor conference calls for its customer base. By leveraging Akamai's interactive streaming media solutions that combine live audio and video streaming See streaming video and video stream. of conference calls with presentation slides, instantaneous text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. and interactive electronic polls, CCBN.com will be able to aggressively meet the rapidly growing customer demand for Webcast services, as well as expand its efforts in areas such as virtual audio and video conferences. Under the agreement, CCBN.com will continue to use Akamai's leading streaming technologies to provide both institutional and individual investors with access to conference calls conducted by publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . In addition to distributing conference calls onto the desktops of thousands of institutional investors through its StreetEvents network, CCBN.com has recently set up a number of distribution channels for these Webcast events with leading individual investor Web sites. These sites include, America Online's Personal Finance Channel, Yahoo! Finance, and S&P PersonalWealth.com. This increase in distribution channels was a key driver behind CCBN.com's decision to expand its relationship with Akamai. "Combined, CCBN and Akamai will take corporate-investor communications to a new level of timeliness, reach and interactivity, delivering fully automated, scalable and reliable technology that helps provide users with the best online Webcast experience possible," said George Conrades, chairman 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 Akamai. "CCBN represents one of our largest customer relationships for the use of Akamai's Webcasting services." "Partnering with Akamai dramatically advances CCBN's efforts to use the Internet to facilitate direct communications between companies and investors," said Rob Adler, president of CCBN.com. "By offering public companies a cost-efficient way to deliver timely information to a broad audience, we can start to remove the noise and obstacles that exist between companies and their investors, and give them direct access to one another." This new announcement comes at a time when the Securities and Exchange Commission (SEC) is encouraging companies to use the Internet to open up their conference calls to all investors. Until recently, the vast majority of conference calls were restricted to financial analysts and major institutional investors, often at the exclusion of individual investors. The SEC has recently proposed Regulation FD (Fair Disclosure) which would change this selective disclosure practice. Offering all investors the opportunity to listen to quarterly conference calls in real-time over the Web is consistent with this SEC initiative. About CCBN.com Founded in 1997 by Jeff Parker Jeff Parker can refer to more than one person:
About Akamai Akamai is the foremost provider of distributed content, streaming media, and applications delivery services and serves over 1,000 customers. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 3,000 servers in over 45 countries directly connected to more than 150 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool. The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of 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 under 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 from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's 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. and other documents periodically filed with the SEC. |
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