NASCAR.com and Virage Team Up to Provide Racing Fans with Searchable Video Clips of NASCAR Events
SAN MATEO, Calif. - March 4, 2002 - Turner Sports Interactive and Virage, Inc. [NASDAQ: VRGE] announced today a two-year agreement to bring racing video coverage to NASCAR.com. Virage is a leading provider of video and rich-media communications software.
As part of the agreement, Virage will develop and host NASCAR.com's event video content, allowing NASCAR.com users the ability to view and sort clips of some of their favorite drivers. This product will be available to users and fans throughout the NASCAR season.
"NASCAR.com is constantly working to improve our content, giving fans the most out of their Internet experience," said Drew Reifenberger, executive vice president and general manager for Turner Sports Interactive and NASCAR.com. "Virage is helping to expand our customer experience by bringing event highlights and clips to the millions of NASCAR.com users."
NASCAR.com's site will use the Virage SmartEncode™ process to pull time-coded information from various sources. This information is then translated into searchable clips, allowing fans to find exactly what they're interested in seeing. Fans will be able to search for any video clip including those of some of their favorite drivers, pit stops and flags, lead changes and more.
"Virage is thrilled to be working with NASCAR.com to provide this service to their fans," said Dave Girouard, senior vice president of marketing and corporate strategy at Virage. "We're happy to help NASCAR.com bring exciting new features and capabilities to race fans everywhere. We bring a wealth of experience from our work on a variety of other sports-related sites and look forward to a fun and innovative partnership with NASCAR.com."
Turner Sports Interactive acquired all of NASCAR's Internet rights in October 2000 and became the exclusive producer of NASCAR.com in January 2001. Turner Sports Interactive bases its NASCAR.com staff in Atlanta, with additional personnel in Charlotte and Daytona and at the tracks, giving them the ability to break news stories on-site around the clock. NASCAR.com also provides users with some of the industry's best information resources through AOL and CNN/Sports Illustrated.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich-media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquartered in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
Forward Looking Statements
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 be able to,""will use" 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 but not limited to our annual report on Form 10-K and 10-Q filings, 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.
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Virage is a registered trademark. The Virage logo, SmartEncode and the Virage Solution Server 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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