Virage Publishing Solution to Automate Delivery of TV Content To Canadian Websites
SAN MATEO, Calif. - August 26, 2002 - Virage, Inc. [NASDAQ: VRGE], a leading provider of video and rich media communication software, today announced that its VS Publishing™ solution will support the delivery of up-to-the minute news and entertainment content to CTV.ca, the companion site to CTV, Canada's largest private broadcaster reaching 99 percent of English-speaking Canadians. In addition, Virage will support delivery of rich media content to the Discovery Channel Canada, and the Report on Business Television websites.
"We're excited that these leading Canadian websites are pushing forward with exciting streaming-related initiatives," said Dave Girouard, senior vice president of Marketing and Strategy at Virage. "They've taken a realistic and pragmatic approach to building their online business. Their success shows how our technology can help leading media and entertainment companies cost effectively leverage content across their businesses."
CTV is Canada's pre-eminent broadcast communications company reaching 99 percent of English-speaking Canadians. Using the Virage SmartEncode™ suite, CTV content is encoded and indexed throughout the broadcast day. Up to three different sources from a variety of network affiliates are captured, at any one time. From this source material, approximately 120 video clips are delivered to the CTV website on a daily basis.
The Virage publishing solution also supports Report on Business Television (ROBtv), which is Canada's only all-business specialty channel. It provides comprehensive real time coverage of global market activity from a Canadian perspective. Using the Virage solution, ROBtv footage is captured and encoded throughout the broadcast day. The programming is encoded and indexed in half-hour blocks, automated by the Virage ControlCenter™ product, part of the Virage SmartEncode suite. From this material, video clips are produced and enhanced with additional information such as share prices for users of ROBTv.com throughout the day. Live and on-demand ROBtv video content, expanded and enhanced, is also made available by subscription to the Canadian investment community on globeinvestorGOLD.com.
Virage Solutions
Virage offers four complete solutions for video and rich media communications, which include:
VS Publishing™ - allows media & entertainment companies and others with branded content to turn their video and other rich-media content into compelling Internet programming.
VS Production™ - automates and streamlines the professional video workflow from acquisition to distribution.
VS Webcasting™ - gives companies a combined solution for planning and producing interactive, live webcasts as well as on-demand searchable events.
VS Learning™ - allows organizations to create, manage, publish and view rich-media training courses, online learning applications, presentations and briefings.
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.
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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 provide", "intends to" 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 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. The Virage logo, SmartEncode, Virage Solution Server, VS Webcasting, VS Learning, VS Publishing and VS Production 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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