Bloomberg Selects Digital Island's Content Delivery Services for 24-Hour Online Financial News Web Site.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--June 20, 2001 Digital Island to Provide Ongoing Live Internet Streaming Services to Bloomberg.com Continuing its success delivering content for major financial information services See Information Systems. and media companies on a global scale, Digital Island, Inc. (Nasdaq:ISLD ISLD International Society for Lasers in Dentistry ISLD Island ECN, Inc. (stock symbol) ) today announced an outsourcing agreement with Bloomberg L.P. Under the terms of the agreement, Digital Island will provide ongoing live streaming services and broadcast Bloomberg Television Bloomberg Television are cable television networks around the world that broadcast business and financial news 24 hours a day. The network was widely known for their data screen format, in which news tickers and business data boxes used more of the television screen than the live on Bloomberg.com. Bloomberg selected Digital Island to leverage its brand on the Web and provide viewers with the best possible online TV experience, 24 hours a day, seven days a week to audiences all over the world. Bloomberg is using Digital Island's Footprint(R) Live Streaming Media See streaming audio, streaming video and digital media hub. services, which provide an uninterrupted stream of Bloomberg Television to Web audiences. Bloomberg television programming includes real-time breaking news and floor reports from stock exchanges around the globe, and is backed by Bloomberg News, a wire service with over 1,200 reporters in 80 different bureaus around the world. This new agreement with Bloomberg TV is an expansion of the existing relationship between the two companies, with Digital Island also providing network services for Bloomberg. "Digital Island's high-performance content delivery services See CDN. help Bloomberg extend our brand presence to the Web in a way that complements our existing businesses, while maintaining a high-quality experience," said David Wachtel, manager of new media, Bloomberg. "Footprint Live is a complete streaming media solution that allows Bloomberg to stay focused on its core business of creating world-leading financial news," said Adam Cohen Adam Cohen is an American journalist and assistant editorial page editor of The New York Times. Cohen is a lawyer and author, with a particular interest in legal issues, politics and technology. , vice president of media services, Digital Island. "Digital Island's Footprint services bridge the gap between traditional media companies and the Internet with minimal infrastructure and content management costs." Footprint Live acquires and encodes Bloomberg TV's live video signal and distributes it over Digital Island's content delivery network. Digital Island's streaming services ensure high-quality broadcasts that minimize lag time and buffering by streaming content from servers close to Internet users at the edge of the network, and seamlessly directing queries to the optimal server through Digital Island's patented Best Distributor Selection (BDS BDS abbr. Bachelor of Dental Surgery BDS Bachelor of Dental Surgery BDS n abbr (= Bachelor of Dental Surgery) → tÃtulo universitario BDS ) technology. About Bloomberg About Bloomberg Bloomberg L.P. is a global, multi-media based distributor of information services, combining news, data and analysis for financial markets and businesses. Bloomberg provides real-time pricing, historical pricing, indicative data, analytics and electronic communications 24 hours a day through 160,000 BLOOMBERG Professional systems used by over 300,000 financial professionals in 100 countries. Bloomberg media includes television, radio, publishing and Internet operations worldwide. www.bloomberg.com About Digital Island Digital Island is the leading provider of managed Internet infrastructure for enterprises that need to give their customers a great Web experience in order to drive e-Business transactions. The company integrates managed hosting, content delivery and network services to bypass Internet congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. and guarantee fast and relevant interactions. Digital Island is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and its global e-Business delivery network reaches 35 countries. www.digitalisland.net Important Notice Digital Island and Footprint are registered trademarks of Digital Island, Inc. This press release contains information about the plans, objectives and expectations of the management of the Company that may 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. . Important factors which could cause actual results to differ materially from those in the forward-looking statements, include but are not limited to: the operational difficulty of developing, deploying and delivering the Company's complex range of products and services; the potential lack of market acceptance of such products and services; competition from presently existing and new competitors; the risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and expansion; delays in raising or the unavailability of additional capital to fund operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. and capital investment, the possibility of decreased growth in demand for Internet services in general and other factors detailed in the Company's periodic filings with the Securities and Exchange Commission. The Company assumes no duty to update information contained in this press release. |
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