Ampex Unit iNEXTV Builds On Lead to Market in Video Syndication Content, Syndication, Advertising to Become Primary Focus.Business Editors NEW YORK--(BUSINESS WIRE)--December 15, 2000 iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ampex Corporation (Amex: AXC AXC Chief Aviation Antisubmarine Warfare Technician (Naval Rating) AXC Add Cross-Connect Card ), today announced several steps designed to focus on maintaining its leading position in the video syndication sector, focusing on content, syndication and advertising. Responding to increasing market demand for its 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. syndication, the company will now make available all of its video content to its growing network of distribution partners, portals and broadband ISP's, on a co-branded basis. Consistent with this, all EXBTV and iSTYLETV programming will be re-branded under the iNEXTV name. Additionally, in order to meet the needs of its syndication partners and advertisers, all future programming will be short-form - 5 minutes or less - in length. To that end, production of the short-form government and business programming will be transferred to the company'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 facilities, while long-form government and business programming will be discontinued, and the Washington, DC production facility will be closed. These actions are not expected to have a material impact on the company's financial position. "Streaming on the Internet has grown and changed exponentially, and iNEXTV is growing to meet those market demands," said Edward Bramson, 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 iNEXTV Corporation. "Our focus on syndication is filling an immediate and long-term need on the Internet - providing superior video content that is easily accessible as well as a marketing and advertising platform that provides results." The network of Websites to which iNEXTV's streaming video content is syndicated, is accessible to more than 20 million unique users per month. This total includes 2.6 million broadband households, which is more than half of all US households that are broadband enabled. The company continues to add new distribution partners to its syndication network and will add additional entertainment, lifestyle and current affairs current affairs npl → (noticias fpl de) actualidad f current affairs current npl → (questions fpl d')actualité f programming to its line-up in 2001. iNEXTV will continue to co-produce, or distribute for third parties, original programming for the Internet via its syndication network. All programming may also be viewed on iNEXTV's Website. iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly owned subsidiary of Ampex Corporation (Amex:AXC). Headquartered 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. , iNEXTV produces and syndicates original 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. programming from its facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, travel, fashion, automotive and entertainment - showcasing iNEXTV's superior video streaming technology and content. For more information about iNEXTV and its programming, syndication and advertising offerings, please log on to http://www.iNEXTV.com. (Minimum requirements to view iNEXTV: RealPlayer(R) software Version 6 and above, available for free download at www.real.com or Microsoft Windows Media Player V6 and above available for free download at http://www.microsoft.com/windows/windowsmedia/en/default.asp and at least a 28Kbps connection to the Internet, but 56Kbps or higher is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com) This news release contains forward-looking statements 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 risk 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, risks affecting the Company's Internet strategy, syndication and programming plans, and other risks mentioned in the Company's 1999 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 its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. for the fiscal quarters ending March 31, June 30, and September 30, 2000 filed with the SEC. |
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