BigWig.com Selects On2.com to Power Internet's First Broadband Luxury Site.Business/High Tech Editors NEW YORK--(BUSINESS WIRE)--March 30, 2000 On2 Focuses on Providing Business-to-Business Broadband Applications to Leading Traditional and New Media Companies On2.com Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ONT ONT Ontario (old acronym - ON is now frequently used) ONT Optimizing Converged Cisco Networks (cisco CCNP exam) ONT Optical Network Terminal ONT Ontario Northland Railway ), a leader in broadband content delivery over the Internet, and BigWig.com, Inc., a leading online luxury e-commerce company, today announced an agreement to enable the Internet's first broadband luxury site -- The BigWig Luxury Channels -- utilizing On2's full-motion, full-screen, television-quality video technology. Financial terms of the transaction were not disclosed. BigWig.com's new broadband network, The Luxury Network(TM), will feature the Internet's first luxury content and e-commerce site -- The BigWig Luxury Channels -- showcasing luxury auctions, luxury shopping and luxury lifestyles. BigWig.com will provide Web site marketing and content through a series of strategic partnerships that will be announced in the second quarter of 2000. The agreement includes applying On2's proprietary TrueMotion VP3(TM) video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. services to BigWig.com content, as well as a full range of ancillary On2 broadband services to deliver full-motion, full-screen, television-quality video to BigWig.com broadband-enabled Internet users. These services will include video storage, serving and hosting on the broadband On2Network, as well as customized technical support from On2 technology consultants. "The demand for broadband technology broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. applications is tremendous, and we believe that On2 is perfectly positioned to meet the needs of companies who want to tap into the booming broadband market," said Dan Miller, Founder, 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 On2.com. "BigWig.com is the first of many Broadband Premier Partners we are working with in our effort to bring the next-generation of Internet content to broadband consumers. Through monetizing our TrueMotion VP3(TM) technology, we are helping companies like BigWig.com to enhance their customers' online experience and purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. ." "Broadband is the next frontier of the Internet," said Scott Lewis Scott Edwin Lewis (born September 26, 1983 in Washington Court House, Ohio) is an American baseball player on the 40-man roster of the Cleveland Indians. Since being drafted by the organization in 2004, Lewis has played Minor League Baseball as a member of the Mahoning Valley , CEO of BigWig.com, Inc. "By deploying On2.com's groundbreaking broadband solutions, the BigWig Luxury Channels will allow upscale consumers to take full advantage of On2's incredible video and audio capabilities. As the BigWig Luxury Channels evolve in content and capabilities, our initial partnership with On2 will form the beginning for even more innovative uses of this extraordinary broadband technology." About On2.com Inc. On2.com Inc. (ASE:ONT) is a global leader in broadband technology and content delivery over the Internet. On2's proprietary video compression and streaming technology -- TrueMotion VP3(TM) -- revolutionizes the consumer Web experience by delivering full-motion, full-screen, television-quality video over the Internet at data rates as low as 250 kilobits/second. On2 has developed the Internet's first network of Web channels exclusively for broadband consumers (www.on2.com), and is further leveraging its technology and broadband expertise to enable Web developers and other third-party content providers to transform their narrowband content to the new broadband world. Headquartered in 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 City's Tribeca Film Center in the heart of Silicon Alley An area in New York that has become known for its companies devoted to multimedia and the Internet. It is located in Manhattan's "Soho" district, which does not stand for Small Office Home Office, rather it is SOuth of HOuston Street. , On2 is located at 375 Greenwich Street, New York, NY 10013 and can be reached at 212/941-2400 or info@on2.com. Investor inquiries should be sent to invest@on2.com. About BigWig.com, Inc. BigWig.com, Inc., a leading on-line luxury e-commerce company, pioneered luxury auctions on the Internet through its subsidiary, BigWigAuctions.com (www.bigwigauctions.com) where it has featured the most expensive cars and wine, and the largest diamond ever auctioned on the Internet. Utilizing partnerships with the industry's technology and content leaders, BigWig.com (www.bigwig.com) is launching the Internet's first broadband Luxury Network through its luxury site, the BigWig Luxury Channels. The site will feature interactive full-screen, full-motion video Video transmission that changes the image 30 frames per second (30 fps). Motion pictures are run at 24 fps, which is the minimum frequency required to eliminate the perception of moving frames and make the images appear visually fluid to the eye. via BigWig's Luxury Auction Channel(TM), Luxury Shopping Channel Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
BigWig.com, BigWigAuctions.com, The Luxury Network, Luxury Channels, Luxury Auction Channel, Luxury Shopping Channel, and Luxury Lifestyles Channel are trademarks or registered trademarks of BigWig.com, Inc. All other product and company names are trademarks or registered trademarks of their respective companies. This release contains statements that constitute 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 section 27A of the Securities Act of 1933 and Section 21 of the Securities Exchange Act of 1934 and are subject 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 those sections and 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. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk uncertainties including those described in our filings with the SEC, and that the actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. We have based these forward-looking statements on information currently available and disclaim any intention or obligation to update or revise any forward-looking statement. |
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