CenterSpan Announces Conference Call to Discuss Its Potential Acquisition of Scour, Inc.; Company Also Plans to Elaborate on Its New Secure and Legal Digital Distribution Channel.Business Editors/High-Tech Writers HILLSBORO, Ore.--(BUSINESS WIRE)--Nov. 27, 2000 CenterSpan Communications (Nasdaq:CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) ) today announced that the company will host a conference call on Wednesday, November 29 at 1:30 PM Pacific time (details follow below) to discuss its potential acquisition of Scour scour, scours 1. the chemical and physical cleaning of fleece wool. 2. diarrhea. dietetic scour see dietary diarrhea. peat scour see secondary nutritional copper deficiency. , Inc., the digital entertainment portal the company will be bidding on to acquire out of bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most on December 12, 2000. In addition, the company will provide details concerning its new secure and legal digital distribution channel, scheduled to be launched in the first quarter of 2001. "We are poised to deliver a platform that will enable content owners to plug their content into a secure and legal peer-to-peer channel," stated Frank G. Hausmann, 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 CenterSpan. "The Scour Exchange has millions of loyal registered users and represents an opportunity to accelerate the introduction of a secure and legal capability into a large existing peer-to-peer channel. We welcome the involvement of the major Labels, Studios and other content owners in what we believe will be a very dynamic and lucrative channel for all involved." CenterSpan's new solution, code-named C-star, leverages a peer-to-peer architecture to provide content owners with a number of advantages, including improved opportunities for one-to-one referral marketing Referral Marketing is a proven method of advertising. People, typically users of a get-paid website, are encouraged to refer their friends (or indeed anyone) through a personal referral link, which would look something like: www.getpaidsite. and reduction of bandwidth and hosting costs. C-star will support a range of digital rights management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) solutions as content owners are expected to use various DRM solutions. Also, different types of content require different DRM technologies. The C-star channel provides users with the ability to quickly search, locate and download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. files for fee or free, depending on the terms set by the content owners, from anywhere on the peer network. Users can also find other like-minded content lovers that share common interests in music or videos. C-star supports a number of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. models including subscription and pay-per-play. CenterSpan will derive revenue from all e-commerce transactions facilitated by the channel. "We plan to launch the public beta of our new peer-to-peer distribution channel in the first quarter of 2001, regardless of whether we are successful in our bid for Scour," stated Steve Frison, CenterSpan's Senior Vice President of Product Development and Chief Technology Officer. "Napster and Scour have demonstrated the power and consumer acceptance of peer-to-peer networks (1) A network of computers configured to allow certain files and folders to be shared with everyone or with selected users. Peer-to-peer networks are quite common in small offices that do not use a dedicated file server. . However, content owners are unlikely to embrace these new e-commerce channels until they are confident that their financial interests are protected and that the networks are secure. To that end, we believe that the C-star technology platform offers the most compelling solution for content owners and consumers to benefit from the legal and secure sharing of digital content over the Internet." Conference Call Information Interested parties can access the CenterSpan Scour bid conference call at 1:30 PM Pacific time on November 29, 2000, by dialing in to 212/346-6402, or by going to CenterSpan's website at www.centerspan.com for a live web cast. A replay of this conference call will be available via the Internet through CenterSpan's website, and for 48 hours after the call at the dial-in number 800/633-8284 with passcode 17024842. About CenterSpan CenterSpan Communications Corp. is a developer and marketer of peer-to-peer Internet communication and collaboration solutions. The company is developing a next generation peer-to-peer digital distribution channel enabling members to publish, search and purchase digital content, such as music and video files, in a secure and legal environment. CenterSpan is an Intel Capital portfolio company. Visit www.centerspan.com to learn more. This press release includes 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. . Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company's peer-to-peer Internet communications and collaboration initiative is a new business in a rapidly evolving market. Specific statements regarding the intent to acquire the assets of Scour, Inc, the timely release of new products, number of registered users, new business opportunities, new revenue model and potential earnings leverage are forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission, including the Company's 1999 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. , for a further description of the risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc forward-looking statements made by the Company, as well as to other aspects of the Company's business. |
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