Metromedia International Group Launches Hungarian Web Portal.Business Editors NEW YORK--(BUSINESS WIRE)--July 20, 2000 Metromedia International Group, Inc. (AMEX AMEX See: American Stock Exchange :MMG MMG Macquarie Media Group MMG Ministry Medical Group MMG Medium Machine Gun MMG Mobile Messaging Gateway MMG Master of Management MMG Meridian Management Group, Inc. ), which through Metromedia International Telecommunications Inc. (MITI MITI - SQRIBE ), is the owner of various interests in communications joint ventures in Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , the former Soviet Union and other emerging markets, today announced the successful launch of its portal website in Hungary. The portal, UnoWeb (www.uno.hu), is the second in a series of local language portals to be launched by MITI in the markets of Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. . The first portal was successfully launched in Estonia in March 2000. The Hungarian portal, marketed under the name UnoWeb, carries popular content including real-time news, entertainment stories, financial, sports and weather information, as well as online dictionaries, horoscopes, classifieds and personals sections, chatrooms, games and discussion forums. As part of the portal's focus on local content, UnoWeb offers a comprehensive collection of Hungarian concert, TV, film and radio listings. The portal's web mail service offers SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. (short message service) notification for incoming mail messages - a unique service in this market. Other portal sections, like the classifieds, personals and events listing sections, also offer personalized SMS functionality. UnoWeb, in conjunction with the MITI-owned leading Budapest radio station, Radio Juventus, also offers real time song and artist information from the station's programs, along with an e-commerce platform for the visitors to purchase the music played on the radio station. In addition, UnoWeb includes the most comprehensive online listing of Hungarian rock Hungarian rock has been a part of the popular music of Hungary since the early 1960s. The first major bands were Illés, Metró and Omega. At the time, rock was not approved of by the Hungarian Communist authorities. and pop artist biographies. Radio Juventus will assist in the promotion of UnoWeb through the provision of more than $1 million in marketing support, through the contribution of radio advertising for the portal, during the first 12 months of operation. Stuart Subotnick, the President and Chief Executive Officer of MMG, said, "The launch of our Hungarian national language portal gives us access to Hungary's growing Internet user Internet user n → internauta m/f Internet user Internet n → internaute m/f population, while continuing the expansion of our Internet presence throughout our markets. We will continue our rollout of entertainment- oriented, horizontal portals in all markets where we have significant media assets, leveraging the marketing and content capabilities of all of our radio stations." Metromedia International Group, Inc. is a global communications and media company. Through its wholly owned subsidiaries 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. and its joint ventures, the Company owns and operates communications and media businesses in Eastern Europe, the republics of the former Soviet Union and other emerging markets. These include a variety of telephony businesses including cellular operators; providers of local, long distance and international services over fiber-optic and satellite-based networks, international toll calling and fixed wireless local loop; wireless and wired cable television networks and broadband networks You can assist by [ editing it] now. ; and FM radio stations. This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as are described from time to time in the SEC reports filed by Metromedia International Group, Inc., including its most recently filed Forms 10-K and 10-Q. |
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