New PacketVideo Recorder Enables Consumers to Create Multimedia for Videophones; New Mobilemedia Encoding Product Available for Download on New www.pv.com/shop E-Commerce Site

Business Wire, July 3, 2003

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--July 3, 2003

The increasing availability of new video-capable phones has intensified consumer demand for video content. To enable consumers and service providers to encode video for their mobile phones, PacketVideo has released a new content creation tool called PacketVideo Recorder. The new product accepts input from USB webcams, digital video cameras, and other popular video file formats and converts them to the industry standards-compliant .3GP file format for delivery to videophones. The PacketVideo Recorder is available for download from www.pv.com/shop, PacketVideo's new web-based retail store. The purchase price is $29.99, and a 30-day free trial is available.

"The emergence of new videophones in the global wireless market has created unprecedented demand for mobile video content. PacketVideo Recorder satisfies that need by creating high quality files so users can take their favorite video and audio clips with them or send to other mobile phone users," said Dr. James Brailean, PacketVideo CEO. "Our new Recorder makes mobilemedia content easy to produce, and our new website makes our products even easier to obtain."

"One of the key drivers of mobile multimedia is providing real-time visual information that is relevant to a person's location. EarthCam provides people with access to the visual information that live cameras generate, as well as the ability for consumers to create their own webcam video," said Brian Cury, CEO and founder of EarthCam, the world's largest network of webcams. "PacketVideo's Recorder is the key to creating video in a standard .3GP format so all mobile users of video capable phones can access this unique visual content."

For professional encoding needs, PacketVideo continues to offer its successful pvAuthor(TM) mobilemedia encoding solution, available on www.pv.com/shop for $59.99.

"We produce multiple live and on-demand channels of video content every day so the ability to simply and reliably create video streams is essential to our business," said Patrick Stewart, CEO of The Yard, one of Europe's foremost wireless application service providers. "PacketVideo's pvAuthor is the leading authoring tool for creating non-proprietary video for wireless users."

PacketVideo Recorder Capabilities PacketVideo's Recorder video phone recorder is an easy-to-use PC-based encoding tool that enables users of video phones to convert digital video and audio into the multimedia formats used by new video-enabled phones. Now anyone can create high quality video and audio content for mobile phones.

-- Prepare video and music files for your phone using popular

digital input formats: MP3, AVI, MPEG-1, and WAV.

-- Make your own video and audio files for your phone using low

cost USB web cameras, DV cameras and microphones.

-- Pre-set phone settings. Pre-loaded encoding profiles provide

excellent shortcuts to produce good-looking and good-sounding

output. No complicated bit rates, frame rates or other

configurations.

-- Produces wireless industry standard .3gp and .mp4 files for

optimal compression and transmission via wireless cellular

networks. The default file format of the recorded video clip

is 3GPP compliant .3gp, which may be changed by the user.

-- New higher quality video compression and display.

-- Ability to encode high quality audio with multiple codecs.

(AAC & GSM-AMR). The pvPlayer selects and plays back the

correct audio track.

-- Add a title to your file to describe the action.

-- PacketVideo Recorder also plays back MPEG-4 and H.263 files on

your PC in .3gp and .mp4 file formats.

System Requirements

-- Minimum: Pentium III, 500Mhz CPU, and 128MB of RAM.

-- For higher performance: Pentium III, 700Mhz or higher CPU, and

256 MB RAM.

-- Microsoft Windows 98 SE, Windows 2000, and Windows XP

About www.pv.com/shop

www.pv.com/shop is a new web-based service that enables consumers to easily download and buy PacketVideo products. Currently featured are the new PacketVideo Recorder and pvAuthor encoding products that enable consumers and professionals to create video specifically for video-enabled mobile phones. PacketVideo's pvPlayer(TM) retail products are also available from www.handango.com.

pvPlayer for Nokia 7650

pvPlayer turns Nokia 7650 into a video phone. PacketVideo's advanced technology allows you to play high quality video & audio. It's perfect for MMS. Retail price: $16.99.

pvPlayer for Nokia 3650

pvPlayer(TM) allows Nokia 3650 owners to play video and audio content on your phone, as well as download and stream video clips from websites. It's easy to download and run on your 3650. Retail price: $16.99.

About PacketVideo

PacketVideo was founded in August of 1998 to enable advanced multimedia services, including MPEG-4 video, over planned 3G mobile phone networks. In June of 1999, PacketVideo dramatically accelerated the industry's timetable for deployment of advanced mobilemedia services by becoming the first company in the world to demonstrate streaming video over an existing 2G network.