Clover Technologies, Inc., Ameritech Subsidiary and Systems Integrator, Purchases Burstware for Resale.SAN FRANCISCO--(BUSINESS WIRE)--Sept. 29, 1999-- Instant Video Technologies (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :IVDO) www.burst.com, and Clover Technologies Inc., (www.clover.com) one of the world's largest system integrators and award-winning communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry expert, have signed a two-year distribution agreement to market and distribute Burstware(r), IVT's groundbreaking, Faster-Than-Real-Time(tm) video and audio delivery system. The first installment of multiple enterprise-level systems will be delivered to Clover late third quarter 1999 to serve clients whose needs include multimedia and video delivery over LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and WAN network connections. Clover, 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 Ameritech (www.ameritech.com), focuses on Automotive, Financial, Medical, Education, International, Airport and other markets and provides services ranging from systems integration to multimedia systems development including networked delivery of audio and video on many levels from desktop video to CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. and broadcast systems. "Partnering with Instant Video Technologies is a natural move for us," said Dan Walsh Dan Walsh (b.1960, Philadelphia, Pennsylvania) is a painter based in New York. He studied at the Philadelphia College of Art in Pennsylvania and Hunter College in New York. , Vice President of Sales and Marketing at Clover Technologies. "Burstware(r) is exciting new technology that solves the quality and reliability issues inherent in streaming technology. We recognize that Burstware(r) meets many of our typical customers' technology requirements and can take us to the next level of sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. ." "Our agreement with Clover Technologies provides IVT IVT intravenous transfusion. a significant new channel of distribution for Burstware," said Richard Lang, 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 IVT. "Their leadership position as Ameritech's video arm means some of the largest US businesses will start receiving Burstware(r)'s high-quality video and audio delivery as part of an integrated network solution customized to their needs," said Lang. Established in 1952, Clover Technologies has extensive experience in communication technology and has emerged as a leader in single-source business solutions. Clover Technologies serves more than 300 auto manufacturing, health care, financial, education, business and government customers through its headquarters in Wixom, Michigan. Burstware(r) is an enterprise-level, 100% Internet Protocol based application that delivers very high quality video and audio over networks in Faster-Than-Real-Time(tm) "bursts," which are stored on the client side and played from local memory rather than from a remote server. This allows intelligent resource management that optimizes bandwidth use. According to Lang, "Burstware(r) actually increases the number of successful video and audio deliveries possible on an existing network infrastructure beyond what is possible with real-time streaming. It also isolates viewers from network degradations, ensuring that the quality of the media content remains at the highest level possible." Burstware(r) is also codec-independent, allowing the transmission of video using a wide number of formats including several versions of MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). . For more information on Instant Video Technologies or Burstware visit the company's website at http://www.burst.com. Instant Video Technologies, Inc., headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] is the leading developer of Faster-Than-Real-Time(tm) and Burst-Enabled(tm) video and audio delivery software. IVT's Burstware(r) provides high-quality delivery of full motion video and CD-quality audio over IP-based networks. IVT has built an international patent portfolio covering bursting, video delivery, scheduling and rapid casting. Burstware(r) is a registered trademark of Instant Video Technologies, Inc. This news release contains forward-looking statements relating to the future performance of Instant Video Technologies, Inc. and the success of its products and the success of its relationship with Clover Technologies. These forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in IVT's filings with the Securities and Exchange Commission (SEC). |
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