First Virtual Communications Joins Internet2 as Corporate Sponsor.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- Company Will Collaborate with University-Led Networking Research and Development Consortium to Advance Real-Time, Rich Media Communications First Virtual Communications, Inc. (Nasdaq: FVCXE), a premier provider of infrastructure software and solutions for real-time, rich media communications, today announced that the Company is now a corporate sponsor of Internet2(R), a not-for-profit consortium led by more than 200 U.S. universities developing and deploying advanced network applications and technology. First Virtual Communications intends to fully participate in Internet2's technical working groups to enhance integrated voice, video and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. . The Company believes that the relationship with Internet2 expands First Virtual Communications' commitment to educators, in keeping with its recently announced education initiative. "As Internet2 works to accelerate the creation of tomorrow's Internet, we value the contribution First Virtual Communications, a leading developer of integrated communications infrastructure software, can bring to our efforts," said Jonathan Tyman, manager of digital video for Internet2. "First Virtual brings valuable experience in integrating voice, video and data into advanced communications to Internet2's conferencing activities." As a corporate sponsor, First Virtual Communications will provide its Click to Meet(TM) software to the Internet2 Commons, the consortium's standards-based, vendor-neutral 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 service for holding distributed working groups, classes, meetings and conferences in support of research and education. First Virtual Communications also will implement special Click to Meet grant programs exclusively for Internet2 member schools. Click to Meet combines high-quality multipoint audio and video with web collaboration tools A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool. within a single web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. interface. Educational institutions at all levels use Click to Meet to conduct instructor, faculty and researcher meetings, as well as offer direct instruction, participate in electronic field trips and interact with remote guest lecturers. "Internet2's member universities are at the forefront of research and development of next generation applications for the Internet," said Gary Dietz, education marketing manager, First Virtual Communications. "We are looking forward to joining the consortium's visionaries in seeking to extend and enhance rich media communications technologies 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 to transform the way we work, learn and collaborate." First Virtual Communications is committed to delivering real-time, rich media communications infrastructure and solutions to educational institutions and non-profit or government-sponsored educational technology consortia. Its award-winning Click to Meet combines high-quality multipoint voice and video with web collaboration tools within a single web browser interface to allow educators to create a blend of real-time and offline learning In machine learning, systems which employ offline learning do not change their approximation of the target function once the initial training phase has been absolved. These systems are also typically examples of eager learning. modules appropriate to the lesson, instructor, students and technological infrastructure. First Virtual Communications believes that institutions can integrate Click to Meet into their remote teaching and meeting strategies because it is premise-based, customizable, scalable and interoperable with many existing communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . First Virtual Communications believes that, with Click to Meet, educators can cost-effectively expand their reach to new students, expert faculty, guest lecturers and classrooms. For more information about First Virtual Communications, Click to Meet and the education sector, please visit http://www.fvc.com/eng/education. About Internet2(R) Led by over 200 U.S. universities, working with industry and government, Internet2 is developing and deploying advanced network applications and technologies for research and higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. , accelerating the creation of tomorrow's Internet. Internet2 recreates the partnerships among academia, industry, and government that helped foster today's Internet in its infancy. For more information about Internet2, see: http://www.internet2.edu/. About First Virtual Communications First Virtual Communications is a premier provider of infrastructure and solutions for real-time, rich media communications. The Company's award-winning Click to Meet(TM) product line is enterprise-class software that enables corporate, education, healthcare and government customers worldwide to present, share, sell, train and collaborate. Click to Meet integrates the user's choice of data, audio and multipoint interactive video into existing work environments and into everyday communication tools, such as instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , web browsing and e-mail. Click to Meet software solutions are widely deployed in over 1,500 customer locations and excel in challenging environments, such as military intelligence, emergency response, disaster recovery, corporate training and geographically dispersed tele-working locations, among others. Headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , First Virtual Communications has operations in France, United Kingdom, Japan and China. More information about First Virtual Communications can be found at www.fvc.com or by calling 1-800-728-6337 or +1-650-801-6500 outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Cautionary Statement: Except for the historical information contained herein, this news release contains 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. , including, without limitation, statements containing the words, "believes,'' "anticipates,'' "expects'' and words of similar import. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of First Virtual Communications, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the aggregate value of and impact on the Company of the investigation described in the Company's press release dated April 30, 2004, including any possible expansion of the investigation and any possible restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. of previously announced financial results; any adverse impact arising from the delay in filing required periodic reports; any delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. from the Nasdaq Smallcap market; the risk that sales of the Company's Click to Meet(TM) and Conference Server products will not increase or that new versions will not be released on a timely basis; the Company's variability of operating results; market acceptance of web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. technology; potential inability to maintain business relationships with integrators, distributors and suppliers; rapid technological changes; competition and consolidation in the web conferencing industry; the importance of attracting and retaining personnel; and other risk factors referenced in First Virtual Communications' public filings with the Securities and Exchange Commission, including the Company's report on 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 the year ended December 31, 2003. All trademarks are recognized. |
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