ViewCast.com Launches Wall Street Demo Center, Demonstrates Expanded Product Capabilities.DALLAS--(BUSINESS WIRE)--June 24, 1999--
ViewCast.com, Inc. (Nasdaq:VCST), a leading provider of Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer. communication solutions, will demonstrate its latest products and expanded capabilities at the grand opening of its new Wall Street Demonstration Center, on June 28, 1999. The facility is located at Hanover Square in the heart of 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 City's financial district. Senior executives from ViewCast.com, the Bank of Boston and Virage, Inc. will be on hand at the grand opening to review the benefits of the company's products and capabilities.
ViewCast.com is realizing success with both its Internet streaming and video distribution and communication solutions within the financial community. Bank of Boston recently chose ViewCast.com as its video communications solutions provider.
"We chose ViewCast.com's video products to make sure our senior executives, traders and telecommuters have access to reliable, easy to use video conferencing solutions. The suite of ViewCast.com's products are ideal for any financial institution that is looking to take advantage of video in their corporate communication strategy," said Michael Montague, Sr. Manager for Technology Global Capital Markets at the Bank of Boston.
The Demo Center will allow customers and members of the financial community an opportunity to see the recently announced ViewCast Video Encoder/Logger -- the only complete, single system solution for encoding, streaming and automatically cataloging video and audio content. The system, which features RealNetworks RealSystem G2 products combined with the Virage VideoLogger(tm) and AudioLogger (tm) creates both network streaming media and a fully searchable index.
This integrated ViewCast solution substantially increases the value of a firm's media assets by making it possible for members of an enterprise to easily find and access the video and audio information they need, all using familiar web-based tools.
"Virage and ViewCast.com have partnered to provide turnkey solutions to catalog and search video for a variety of markets.," said Paul Lego, 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. of Virage. "With ViewCast.com's New York demo center, the financial community will be able to see the many benefits of searchable media first hand. We're confident that the response will be outstanding." Virage is the leading developer of video cataloging and search products and recently announced an alliance with ViewCast.com.
At the New York Demonstration Center, ViewCast.com will unveil a new system design architected specifically for the financial market. Based on the company's Viewpoint VBX (Visual Basic EXtension) A component software technology from Microsoft that enabled a Visual Basic (Windows) program to add functionality by calling ready-made software modules. (tm), the new system enables brokers to view on-demand, broadcast-quality video sources, including broadcast and satellite feeds. This allows brokers to monitor, from their desktops, the latest news from sources such as 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. , C-SPAN, MS-NBC and Bloomberg Business News.
ViewCast.com will also demonstrate its products at Steaming Media East '99 in New York, June 29-30. At the show, ViewCast.com, will demonstrate the latest streaming video solutions, featuring both Microsoft's Windows Media Technologies See Windows Media. and RealNetworks G2 System. ViewCast systems are fully-configured turnkey encoding stations and streaming servers that enable corporations, government agencies, schools and organizations to easily add live and on-demand streaming video to their networks and Web sites.
ViewCast.com enables video communication over the Internet and corporate networks through its components, systems, and turnkey products. The company is known around the world as the leading provider of enterprise-wide, digital video communications solutions for both real-time and on-demand applications. Osprey osprey (ŏs`prē), common name for a bird of prey related to the hawk and the New World vulture and found near water in most parts of the world. (R) video cards, ViewCast(R) streaming video solutions, and Viewpoint VBX(tm) system products deliver a wide array of video solutions for digital video communication systems. ViewCast.com is unique in its ability to deliver cutting-edge networked video solutions, while delivering solutions that transition legacy video communication systems. ViewCast.com's products are available from leading OEMs, system integrators, resellers, and application developers worldwide.
About Virage, Inc.
Virage is the leading provider of products and services that maximize the value of video by making it searchable and interactive. Virage's VideoLogger(tm) and AudioLogger(tm) software set the standard for real-time indexing and distribution of video across the Internet or corporate intranets/extranets. Virage has been named the market winner by industry analyst group Frost & Sullivan. Virage customers include ABC News, AltaVista, BBC BBC
in full British Broadcasting Corp.
Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , Carlton Communications, CBS (Cell Broadcast Service) See cell broadcast. , CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. , CNN, CNN Interactive, Compaq, C-SPAN, Energy Film Library, Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. , Fox Sports, General Electric, General Motors, Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. , Lockheed Martin, Lucent Technologies, NASA NASA: see National Aeronautics and Space Administration.
in full National Aeronautics and Space Administration
Independent U.S. , Network Espana, 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. , Reuters, Showdown Productions, Swiss Radio-TV, Telecinco and several classified U.S. government agencies. These companies rely on Virage video search products as the critical foundation technology for more effectively deploying and using video within their operations. Headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , Virage was incorporated in 1994 to provide organizations with advanced methods for accessing and leveraging media assets. For more information, see the Virage Web site at http://www.virage.com or call 650/573-3210.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-KSB and 10-QSB on file with the Securities and Exchange Commission.