DataWeaver to License VTEL's TurboCast Video Streaming Technology for E-commerce Services; VTEL's Java-Based Streamer Provides DataWeaver "Download-Free" Multimedia Web Solution.Business Editors and High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 20, 2000 VTEL VTEL Video Teleconferencing (R) Corporation (Nasdaq: VTEL), a worldwide leader in visual communications services and solutions for broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , and DataWeaver(TM) Corporation, an Austin-based engineering and e-commerce firm with expertise in providing applications solutions for visual communications products, today announced that they have completed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. for DataWeaver's licensing of VTEL's TurboCast(TM) 2.0 video streaming See streaming video and video stream. technology to multimedia-enable e-commerce applications currently being developed by DataWeaver. VTEL said it believes TurboCast 2.0 is the natural video streaming technology to support the promising startup's direction in becoming a viable e-commerce business and a provider of business-to-business and business-to-consumer applications solutions for the Internet. "By incorporating VTEL's TurboCast 2.0 into our future products, we can offer site visitors a unique element that contributes to a range of e-commerce feature sets we intend to deploy. It also will contribute to our overall goal of making the web experience more interactive and intuitive, with the added benefit of putting more fun into the online experience," said Dave Nelson
Dave Nelson , 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 DataWeaver. "DataWeaver provides VTEL a natural distribution partner for our TurboCast video-streaming technology, which in turn will provide DataWeaver a valuable tool for enhancing its online consumer sales and service experience," said Stephen Von Rump Rump The name given to the group of investors refusing to tender their shares into a corporate action, such as a merger or acquisition. Notes: Should the quantity of rump shares be large enough, a corporate action may be stalled or halted. , CEO and president of VTEL. "TurboCast's Java-based code also provides DataWeaver the unique ability to reach a broader audience with confidence because TurboCast does not require users to 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. a separate plug-in, or to worry about plug-in release versions." VTEL has successfully used TurboCast 2.0 to broadcast via the Internet the company's quarterly earnings calls and customer events as well as a live interactive Shareholder Forum with the financial community. For live webcasting, TurboCast 2.0 is capable of reaching thousands of simultaneous viewers with its highly scalable reflector reflector: see telescope. software option. For real-time and stored webcasting, TurboCast 2.0 offers a chat feature enabling viewers to send text-based messages to the host site, allowing for feedback to viewer questions or concerns - an especially important feature for distance learning applications or customer and investor communications. VTEL's video streaming product also includes a graphical presentation feature that enables Microsoft PowerPoint slides to be displayed simultaneously to the video and audio content. About VTEL Based in Austin, Texas, with offices and resellers in 61 countries, VTEL Corporation is a global leader in high technology visual communications products and services. From Internet visual communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems and services to videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems systems and video-networking solutions, VTEL offers customers the most complete range of products and implementation support. VTEL serves customers in the commercial, education, health care and government markets by combining the power of traditional videoconferencing with the vast reach of the Internet. Visit VTEL's website at http://www.vtel.com for more information. About DataWeaver DataWeaver Corporation is an Austin-based engineering services and e-commerce applications company. Founded in 1999 through angel funding, it has already established itself as an effective provider of outsourced engineering services through a series of contracts with several companies, including VTEL. Its management team, which includes several executives who served for periods with VTEL or VTEL partners, has extensive experience in multimedia, visual communications, and e-commerce. DataWeaver is privately held and currently undergoing seed financing to fund its e-commerce initiatives. Visit www.DataWeaver.com for more information. This release may include projections and other 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. that involve a number of risks and uncertainties and as such, actual results in future periods may differ materially from those currently expected or desired. Additional discussion of these and other risk factors affecting VTEL's business and prospects is contained in the company's periodic filings with the SEC. VTEL, the VTEL logo and TurboCast are trademarks of VTEL Corporation. (C)2000, VTEL Corporation. All rights reserved. VTEL Corporation, 108 Wild Basin Road, Austin, Texas, 78746. Phone: 512/437-2700, Fax: 512/437-2792. DataWeaver is a trademark of DataWeaver Corporation. |
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