Progressive Networks to Market AirWorks' Products On-Line; Creators of RealAudio Provide Virtual Storefront for S/Link and TuneBuilder.EDMONTON, ALBERTA--(BUSINESS WIRE)--Sept. 30, 1997--AirWorks Media Inc.(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AWM, OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. AWMSF) AirWorks Media Inc. today announced that Progressive Networks Inc. will market, sell and distribute TuneBuilder and S/Link through RealStore, an exclusive on-line electronic commerce website. The announcement is significant as the first sales agreement entered into by AirWorks with an industry leader in on-line distribution. The RealStore will be stocked with Adj. 1. stocked with - furnished with more than enough; "rivers well stocked with fish"; "a well-stocked store" stocked furnished, equipped - provided with whatever is necessary for a purpose (as furniture or equipment or authority); "a furnished apartment"; relatively few products. AirWorks contribution will be S/Link (US$199) and a specially configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: version of TuneBuilder packaged with starter content (US$99). Hitting the "virtual" shelves in late October 1997, both TuneBuilder and S/Link are capable of outputting RealAudio compatible files. Assuming 1 in 10,000 of the 240,000 unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. each day to the PN homepage purchase an AirWorks product, with product prices averaged, AirWorks marketing targets the potential gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. from this site alone at US$1.3 million annually. ABOUT PROGRESSIVE NETWORKS Progressive Networks' (PN) website at http://www.real.com is one of the ten most visited sites in the world (excluding search engines). PN uploads tens of thousands of its products, including RealAudio and RealVideo players, every day and sells its software worldwide. Progressive Networks is a world leader in the delivery of real-time information over the Internet, known as streaming. Many well-known websites deliver live and on-demand audio and video broadcasts configured for RealAudio and RealVideo players, and more than 15 million players are in distribution worldwide. PN commands an impressive 80 percent market share of the media streaming market. ABOUT AIRWORKS AirWorks develops and markets software-based sound-handling technologies for application in film, electronic production, advertising, video, multimedia, training and education. The Company pioneers in the field of automatic music editing with its TuneBuilder application for broadcast, multimedia and music production. As a result of its agreements with industry leaders, including the production music libraries of such giants as BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass and KPM KPM Königliche Porzellan Manufaktur (German saxonian porcelain factory) KPM Key Performance Measures KPM Kills Per Minute (gaming) KPM Kodak Picture Maker KPM Kyocera Print Monitor KPM Keystrokes per Minute , over 50 percent of production music available worldwide can be quickly and easily edited using TuneBuilder. TuneBuilder is a registered trademark of AirWorks. All other trademarks and tradenames are the property of their respective owners and are used in reference only. AirWorks is publicly traded on the Alberta Stock Exchange. -0- The Alberta Stock Exchange has neither approved nor disapproved the information herein. CONTACT: AirWorks Media Inc. Blake Fallis, 403/424-9922 airworks@supernet.ab.ca http://www.airworks.com or Darryl Goede, 403/424-9922 75124,3323@compuserve.com |
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