Veoh Makes Sony PSP a True Video Platform; 20,000 Videos Now Available to Enjoy on the Popular Portable Entertainment Device

Business Wire, Jan 18, 2006

SAN DIEGO -- Veoh Networks, Inc. (www.veoh.com), the first Internet Television Peercasting Network, today announced that the majority of its catalog of more than 20,000 independent, user-published videos is now available for download and enjoyment on the Sony PSP computer entertainment system. Veoh automatically downloads videos of interest to a PSP owner's device each time they connect it to their PC.

The recent introduction and adoption of portable video players mean consumers all over the world are looking for high-quality content to watch while on the go. Using Veoh's unique Peercasting model, the network easily and efficiently distributes TV-quality, full-screen video to be played on a PC or Mac or on a variety of new portable devices. Thousands of iPod owners are already filling their players with thousands of videos available through Veoh. From music videos and comedy sketches to how-to sessions and all things automotive, PSP and iPod enthusiasts will find compelling content.

"Portable video is a hot topic for consumers, with many devices introduced and lauded earlier this month at the Consumer Electronics Show. Consumers clearly want to see their content when and where they choose," said Dmitry Shapiro, CEO of Veoh Networks. "Veoh is designed to support the many viewing choices consumers need, including the living room TV, their laptop and portable video devices. Our network allows anyone to publish TV-quality video that can be watched everywhere."

Veoh integrates with the Sony PSP Media Manager, sold separately through Sony, allowing easy export of videos from the Veoh Network to a person's PSP. Veoh's peer-to-peer distribution technology, unlike streaming video, gives portable device owners a place to discover high-grade video they can watch wherever they are.

About Veoh

Veoh software, installed on a PC or Mac, creates a virtual television network that allows video bloggers and independent producers, as well as film studios and TV networks, to distribute TV-quality, full-screen video to hundreds of millions of users with broadband connections. Producers can publish unlimited amounts of TV-grade video content to the network, providing consumers with unparalleled choice in television programming and control over their viewing experience.

Unlike rogue P2P networks that are used to share mostly pirated video, Veoh is a community of publishers and consumers, where published content is approved by editors, and consumers are assured they get what they request. The system also integrates tightly with RSS, providing content producers with easy publishing to multiple video systems.

About Veoh Networks, Inc.

San Diego-based Veoh Networks is the first Internet Television Peercasting Network, reaching hundreds of millions of viewers with broadband connections throughout the world. Veoh allows content producers, from video bloggers (vloggers) to motion picture studios, to deliver TV-grade, full-screen video directly to consumers, without financial, geographical or regulatory restrictions found in traditional broadcasting systems. Veoh is privately held and venture-capital funded.