WorldNow Integrates Virage Technology into Local News and Information Websites Nationwide
Virage Platform Streamlines Encoding and Indexing of Video Content for 23 Local News Affiliates
SAN MATEO, Calif.- June 18, 2001 - Virage, Inc. [Nasdaq: VRGE], a leading provider of video content management and publishing solutions, announced today that WorldNow has employed the Virage Video Application Platform at 23 affiliate sites across the country to index, encode and publish local news and information clips to their websites.
WorldNow, the leading provider of Internet technology and revenue solutions for local news and information companies, provides browser-based technology, a suite of online revenue programs as well as comprehensive service and support to more than 125 leading television stations around the country. Under the agreement, WorldNow will offer Virage's software, coupled with its own services, to affiliates interested in the distribution of video content on the Internet in a searchable streaming format. Twenty-three WorldNow affiliates, including stations in top 50 markets such as Los Angeles, Atlanta, Kansas City and Nashville, currently utilize Virage's video streaming software. WorldNow projects the majority of its Network affiliates will feature Virage's software in the near future.
"Virage's innovative software enables us to offer our affiliates state-of-the-art digital encoding and indexing in a cost-effective manner," said Gary Gannaway, chairman and CEO of WorldNow. "Before, many of our stations lacked the time, technical staff and/or financial resources to stream video content on the Web. Together with Virage, we're able to eliminate those barriers and make streaming video possible."
"WorldNow has built up a powerful franchise with top television stations nationwide. We're thankful for the opportunity to share in their success and to participate in a partnership which is robust and growing," said Carlos Montalvo, chief marketing officer at Virage. "Virage provides WorldNow with a powerful video application platform that makes it cost-effective for regional news content to be transformed into compelling and interactive broadband programming. This partnership demonstrates how local news broadcasters can extend their audience reach and grow their advertising revenue through the personalization of their news content to a broader Internet audience."
About WorldNow
WorldNow is the leading provider of Internet technology and revenue solutions for local news and information companies. Through its exclusive partnerships with over 125 local television stations, WorldNow has built the largest network of local news and information destinations in the world. WorldNow builds and supports an integrated, cost-effective software solution that diminishes the technological barriers to entry. This technology solution, combined with WorldNow's comprehensive revenue programs, consulting services and on-going customer support, enables broadcasters to establish superior Internet businesses that grow their audience, enhance their brand and drive new profits. WorldNow's singular vision is to enable local broadcasters to easily deliver targeted, branded information to anyone, anywhere, anytime. More information is available at the award-winning Web site www.worldnow.com.
About Virage, Inc.
Headquartered in San Mateo, California, Virage is the leading provider of solutions that enable video for strategic online applications. The Virage Video Application Platform transforms video into an effective online medium that is easy to publish, manage and distribute on the Internet or corporate intranets. The Virage platform provides content owners with the complete infrastructure for seamlessly integrating streaming video into business, entertainment and information applications. From ABC to Yahoo! over 250 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video. Contact Virage at http://www.virage.com/ or (650) 573-3210.
This press release contains "forward looking" statements about the products and services of Virage as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward looking statements are denoted by such words as "will serve", "will be" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties, which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available online at http://www.sec.gov. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage and VideoLogger are registered trademarks and the Virage logo, Video Application Server and SmartEncode are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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