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helloNetwork Announces Breakthrough Advancement In Streaming Media Technology; Company's Software Easily Streams Video, Audio or Data to Any Java Technology-Enabled Device.

Business & Technology Editors

NEW YORK--(BUSINESS WIRE)--June 25, 2001

helloNetwork(TM), Inc., the leading developer of Java(TM) technology-based streaming media software, today announces the availability of its innovative technology that encodes, distributes and streams live and on-demand content to any Java technology-enabled device without the use of plug-ins, downloads or installed players.

helloNetwork's software is specifically designed so that content can be encoded once and streamed anywhere, extending the traditional reach of streaming media to any end user with a Java technology-enabled PC, wireless phone, PDA, or set-top TV box operating on both today's and tomorrow's wired and wireless networks.

Content providers and network carriers who license helloNetwork's streaming media platform can deliver a wide variety of content across multiple platforms making deployment easy, cost-effective, scalable, and manageable. Unlike other streaming technologies, helloNetwork's software streams the player in front of the video in the form of a lightweight Java technology-based applet as small as 4KB, making it optimal for any available bandwidth including low bandwidth wireless networks as well as dial-up connection speeds.

helloNetwork's software also significantly improves audience reach and the end user experience. Since its Java technology-based software streams directly to PCs through port 80, content delivery is assured, making this technology attractive for enterprise-based applications. Users need only to click to view the information, or the content can arrive streaming, so there is no need for the user to download, upgrade, or purchase any new technology.

Recently at the 2001 JavaOne(SM) Developer Conference, helloNetwork's technology was selected by Sun Microsystems to demonstrate the first successful transmission of live and on-demand streaming media to wireless phones over a public network during two of the technical keynote presentations. helloNetwork's software was also demonstrated in the exhibit booths of aJile Systems, Pingtel, Insignia Solutions, as well as those of several wireless carriers and equipment manufacturers. Visitors to the booths were able to preview movie trailers from current films as well as view live broadcasts streamed to a wide variety of devices such as wireless phones and PDAs.

"helloNetwork's streaming media software shows the power and viability of the Java 2 Platform, Micro Edition," said Rich Green, vice president and general manager, Java Software Development, Sun Microsystems. "We chose to integrate helloNetwork's technology into our demonstrations at the JavaOne Developer Conference because we believe it is a significant leap forward in streaming media to mobile devices."

"helloNetwork's innovative, flexible architecture represents a true breakthrough in streaming media technology," said Colin McQuade, CTO of helloNetwork. "Network operators and content providers can easily and cost-effectively scale and manage content distribution across a wide variety of today's wireless and wireline networks."

helloNetwork is led by an experienced management team, including Joseph Bianco, CEO; Lance Horn, President and COO; Colin McQuade, CTO; Klaus Schulz, Chief Wireless Officer; Susan Brazer, EVP Corporate Development; Lee Glenn, EVP Sales; and Dena Levy, VP Marketing. The company has been funded by its investment bankers, Gerard Klauer Mattison and Co., Inc., as well as CircleT Partners, L.P and its affiliated funds.

About helloNetwork Corporation

helloNetwork(TM) is the leading developer of Java(TM) technology-based end-to-end streaming media software that encodes, distributes and streams live and on-demand content to any Java technology-enabled device without the use of plug-ins, downloads, or installed players. helloNetwork's innovative software is specifically designed so that content can be encoded once and streamed anywhere, extending the reach of streaming media to Java technology-enabled PCs, wireless phones, PDAs, or set-top boxes operating on both today's and tomorrow's networks. Its core technology is platform independent, codec agnostic, and transport neutral, making deployment easy, cost-effective, scalable and manageable. Headquartered in New York, helloNetwork has technical operations in Las Vegas and sales offices in Dallas, Los Angeles, New York, San Francisco, and Washington, D.C.

To see a demonstration of helloNetwork's streaming media technology or learn more about the company, visit http://www.helloNetwork.com.

*Sun, Sun Microsystems, the Sun logo, Java, and JavaOne are trademarks or registered trademarks of Sun Microsystems, Inc. in the U.S. and other countries.
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Publication:Business Wire
Date:Jun 25, 2001
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