Second Line Search Merges With iXL Spin-Off, FootageNow.Business Editors NEW YORK--(BUSINESS WIRE)--April 10, 2000 New company to become the premier broadband media provider The Second Line Search family of companies have merged with FootageNow, an Atlanta based digital technology spinoff of iXL, for an undisclosed amount of cash and stock. In February, FootageNow secured $25 million in first round financing led by RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) Ventures, a firm headed by former American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. 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. James Robinson III; Corbis Inc. a leading still photography and fine art licensor owned by Bill Gates (person) Bill Gates - William Henry Gates III, Chief Executive Officer of Microsoft, which he co-founded in 1975 with Paul Allen. In 1994 Gates is a billionaire, worth $9.35b and Microsoft is worth about $27b. ; Bert Ellis, Chairman of iXL Enterprises, and WaterView Partners led by Frank Biondi Frank J. Biondi, Jr. (born January 9, 1945) is an American businessman. He was born in New York City to Frank Biondi, Sr. and Virginia Willis. He has a Bachelor of Arts degree from Princeton University and an Master of Business Administration degree from Harvard Business School. , former chairman and CEO of Viacom Inc. The Second Line brands include leading stock footage libraries Action Sports Adventure, Hot Shots Cool Cuts, Film Bank, and Modern Video Library. The new company will be called FootageNow, with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Atlanta, Los Angeles and Germany and representative offices in France, Sweden, Spain, Italy, South Africa, Japan, Mexico and Brazil. "Our plan was to find a strategic partner with global technology credentials and complimentary content," said Second Line CEO Todd Pavlin. "We found that combination in iXL and Corbis," he continued. "This merger ensures our continued market leadership as the explosive moving image licensing industry transforms to broadband web-based delivery." "The time was right," added Rick Gell, President of Second Line Search, "for the combined assets of the various brands to migrate to a world-class portal." He continued, "We have over 100 million feet of film footage in virtually every category, and over 250 exclusive worldwide representation deals including ESPN ESPN Entertainment and Sports Programming Network , Metro-Goldwyn-Mayer Studios Inc, Hearst Media and The Smithsonian." Gell explained, "iXL, the leading Internet empowerment company responsible for dozens of e-business success stories and the recently announced Virgin portal, was the perfect partner for this migration." "With the combination of Corbis as a strategic partner, Second Line's unmatched content, database, and services, and iXL's leading edge technology, we are uniquely poised to transform the way business uses media to communicate, sell and entertain in a broadband world," states Armistead Whitney, president of FootageNow. "For the first time via the Internet," he continued, "advertising and marketing firms, movie studios, and Fortune 1000 corporations will be able to seamlessly search and purchase broadcast quality media from the world's most valuable film and video archive." "We've always had a multi-faceted strategy regarding moving images," said Rob Pavlin, president of Action Sports Adventure. "In addition to our vast content holdings, we provide world-class research and licensing services through SLS (Selective Laser Sintering) See laser sintering and 3D printing. , critical rich-media information through our Footage sourcebook, original production of high quality film through ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , and digital asset management for our licensing partners." He continued, "The new company is committed to expanding on those initiatives globally through our comprehensive portal." The new company boasts an impressive list of advertising, motion picture, network, and corporate clients. Recent projects include collaborations with well known industry leaders such as: AT&T, Budweiser, McDonald's, Mercedes, Nike, Banana Republic and E-Trade, Encyclopedia Britannica, Colliers, World Book, Time Magazine, The Gap, UPS, NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , and HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy . About Second Line Search Second Line Search (SLS), is the publisher of Footage: The Worldwide Moving Image Sourcebook and is the world's largest licensing and research company for footage, stills, and music. SLS is the umbrella company for a family of moving image providers that include: Hot Shots Cool Cuts, Action Sports Adventure, Film Bank, and Modern Video Library. Hot Shots Cool Cuts combines a broad archival collection with representation of the world's most outstanding cinematographers, archives, and production companies. Action Sports Adventure, the official worldwide rep for ESPN stock footage, is the world's largest sports stock library with over 25,000 hours of legends and moments of the 20th century. Film Bank, one of the west coasts' most respected film libraries with offices in Burbank, specializes in technology, lifestyle, and location footage as well as extensive news holdings including the CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. Library. Modern Video Library is a leading footage library in Germany. The companies market rights to footage and images through wholly owned offices in New York, Burbank, and Germany and an exclusive international network of representatives in fifteen countries. The Web sites include: www.actionsports.com, www.footagesources.com, www.filmbank.com, www.movingcentury.com and www.hotshots.com. About FootageNow FootageNow, Inc. is a business-to-business media commerce company using Broadband technology together with the Internet to transform the way rich media is stored, searched, purchased and delivered. FootageNow has formed a strategic partnership with Corbis, the leading provider of photography and fine art on the Internet, founded by Bill Gates. Forward-looking statements in this news release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements are based on current management expectations and involve material risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in our filings with the Securities and Exchange Commission. |
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