MHP and OCAP Specialist Alticast Closes $21 Million in New Financing.

SEOUL, Korea -- Alticast, the worldwide leader in deployed DVB-MHP and OpenCable OCAP solutions, today announced it closed an aggregate investment of $21 million by funds managed or advised by or entities affiliated with AIG Global Investment Group. This additional investment will allow the company to pursue several strategic business goals, including: dramatically increasing market presence in the U.S.; investment in technologies to support the emerging Blu-ray Disc standard; expansion of MHP activities throughout Europe; and expansion of world-wide IPTV efforts.

"We are excited to have AIG Global Investment Group's affiliated funds or entities as our investors," said Seung Lim Jee, CEO of Alticast Corporation. "This funding will allow Alticast to strengthen its local engineering, customer support and marketing teams for business expansion in the U.S., Europe and Asia."

Investors are excited about Alticast due to the potential of its MHP, Blu-ray and OCAP technologies for interactive television. Alticast is committed to standards-based solutions, exemplified by its roles in DVB, CableLabs, Blu-ray Disc Association and ITU. Alticast sees tremendous growth potential for these technologies and is aggressively building a wide range of end-to-end products and services to support cable, satellite and terrestrial television companies.

Alticast's solutions have been selected by some of the industries leading companies, such as Pace Microelectronics, Samsung, Humax, LG, Korea Telecom, SkyLife and most of the Korean cable operators. Alticast has over 3 million deployed devices in locations around the world.

About AIG Global Investment Group

AIG Global Investment Group (AIGGIG) is comprised of a group of international companies which provide investment advice and market asset management products and services to clients around the world. AIGGIG is a worldwide leader in asset management, with extensive capabilities in equity, fixed income, hedge funds, private equity, and real estate. AIGGIG manages approximately US $532.9 billion in assets, and employs more than 1,600 professionals in 44 offices around the world as of March 31, 2006. Total assets under management include approximately US $449.6 billion of AIG affiliated assets, including those managed by joint ventures, but do not include assets sub-advised to third party managers. The member companies of AIGGIG are subsidiaries of American International Group, Inc. (NYSE:AIG).

About Alticast

Alticast is the most deployed MHP and OCAP solutions provider in the digital broadcasting industry. Alticast offers software solutions and services for the creation, delivery, and reception of interactive television content based on the DVB-MHP and OCAP digital broadcasting open standards. Alticast is "first-to-market" with deployed MHP and OCAP products for cable, satellite, and terrestrial operators. A privately owned company, Alticast headquarters are located in Seoul, South Korea; a business and technology center in Broomfield, Colorado, USA; and sales offices in Beijing, China and Frankfurt, Germany. For more information on Alticast products and services, visit Alticast at www.alticast.com.