Business Services Industry
digital broadcast network Inks Deal With INTERVU to Provide Broadband Streaming Media Solutions Worldwide
Business Wire, Feb 22, 1999
ST. LOUIS and SAN DIEGO--(BUSINESS WIRE)--Feb. 22, 1999--digital broadcast network (dbn), a leading quality of service (QoS) based broadband network service provider, and INTERVU Inc. (Nasdaq: ITVU), the leading service provider for Internet audio and video delivery solutions, today announced that the two companies have entered into an agreement to collaboratively provide Internet audio and video streaming solutions worldwide.
Under the agreement, INTERVU is the preferred provider of streaming audio and video services for dbn's multimedia solutions portfolio. dbn was selected as a strategic partner because of its high-quality, high-performance network, customer service, broadband/cable relationships, and distributed national presence. The combination of INTERVU and dbn technologies promises to deliver on both companies' commitment to an inexpensive, TV-quality streaming video experience.
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"This strategic partnership is a winner for both companies," said Bernie Schneider, dbn's president and CEO. "dbn and its customers gain the strength of INTERVU's video content management expertise with highly specialized services in publishing, reporting and promotion. INTERVU gains the network capabilities of dbn's QoS-based broadband network. Working collaboratively, both companies now have an integrated multimedia solution that combines the capabilities of the leading business-to-business software platform with a QoS-based broadband network," Schneider said.
"INTERVU's success is based on alliances with leading infrastructure and service-based companies like digital broadcast network," said Harry Gruber, CEO of INTERVU. "This alliance further positions INTERVU as a strategically neutral force in the Internet video delivery space. From content to streaming format to ISP backbone and hosting neutrality, INTERVU provides its customers with the most powerful selection of leading technologies and services to help them maintain a high-performance presence on the Internet."
About digital broadcast network
digital broadcast network, a QoS-based broadband network linking 37 cities in the United States and Canada, was founded in 1998 to provide network computer and communications services to content and application providers, service providers, Fortune 1000 companies and last mile providers (ISPs, CLECs, ILECs and cable TV). dbn's integrated "Glass House" data centers support business-to-business net-based applications, off-site data replication and backup services, data storage and dedicated server hosting.
Press and industry analysts, please contact Jim Roberts at dbn, 314/733-3104, jimr@dbn.net. For more information about dbn and its products, please visit its Web site at www.dbn.net, or send an e-mail to info@dbn.net. dbn is headquartered at 977 Charter Commons, Chesterfield, MO 63017; phone is 888/326-3638 and fax is 314/733-3199.
About INTERVU Inc.
INTERVU Inc. (Nasdaq: ITVU) offers powerful, turnkey solutions to deliver or "stream" live and on-demand audio and video narrow and broadband broadcasts over the Internet. INTERVU's streaming media services are utilized for many different types of business uses including entertainment, news reporting, corporate communications, investor relations, and distance learning. INTERVU is the only Internet audio/video delivery company with a patent-pending, automated network that is comprised of numerous delivery centers strategically positioned around the United States and Europe. This distributed network architecture allows the company to handle very high volumes of simultaneous Internet users, while ensuring first-rate delivery of video and audio to users' computers. INTERVU works with leading entertainment, news and technology companies, including American Interactive Media (OTC: AIME), CNN (NYSE: TWX), DVD EXPRESS, DoubleClick (Nasdaq: DCLK), Excite (Nasdaq: XCIT) / At Home (Nasdaq: ATHM), Intel (Nasdaq: INTC), Lycos (Nasdaq: LCOS), Moviefone (Nasdaq: MOFN) / AOL (Nasdaq: NYSE: AOL), NBC (NYSE: GE), MSNBC, Major League Baseball, Microsoft (Nasdaq: MSFT), OnRadio, VideoSeeker, and Yahoo! (Nasdaq: YHOO). Additional information can be found at www.intervu.net.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties that might cause actual results to differ from those foreseen, including the market acceptance for INTERVU's specialized services, technological change and intense competition, as well as the other risks detailed from time to time in INTERVU's SEC reports, including the report on Form 10-K filed on March 31, 1998.
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