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Contact: Bob Griffin, Griffin Public Relations & Marketing
(212) 481-3456 Bgriffin@griffinpr.com
IMAGINON
CEO PREDICTS
INTERACTIVE TV ON THE WEB
WILL COMPETE SUCCESSFULLY WITH BROADCAST TV AT IBC 2000
CONFERENCE PANEL ON THE FUTURE OF INTERNET BROADCASTING
European
launch of ImOn.comTV™
interactive Internet "television station in a box" generates
strong response at International Broadcasters Convention
in Amsterdam.
SAN
CARLOS, CALIFORNIA, September 13, 2000 -- Coincident with
the European market debut of its ImOn.comTV™ interactive
Internet "television station in a box" at IBC 2000, ImaginOn,
Inc. (NASDAQ: IMON) (www.imaginon.com) Chief Executive Officer
David Schwartz participated in a groundbreaking IBC 2000
conference panel that addressed the emerging European Internet
broadcasting market.
Chaired by National Association of Broadcasters Vice President
of Science & Technology John Marino, the "broadcasting@internet.now"
panel was held on Sunday, September 10th in Amsterdam and
included Algie Abrams, Television Industry Manager of Microsoft,
Peggy Miles, President of Intervox Communications, and Douglas
Medina, Vice President Marketing of ViaCast Networks.
According to John Marino, "Web technology continues to evolve,
and better compression tools for video and audio are making
Web content ever more compelling. The questions to answer
now are: will the world move closer to the radio and television
experience on the Web or will the bottlenecks of delivery
and capacity and IP unicast continue to jam traffic on the
information superhighway? The panel of experts assembled
by NAB will provide their insights."
In
his remarks to the conference attendees, David Schwartz
noted that, "To compete successfully with plain old TV,
Internet TV must have compelling new features like viewer-directed
video, automatic Web searching and instant Web page links."
According
to Schwartz, the IBC 2000 market introduction of ImaginOn's
ImOn.comTV interactive Internet "television station in a
box" was successful for a number of reasons. "Many visitors
to ImaginOn's demo expressed interest in buying a system,"
he said, "and, most importantly, a number of distributors
indicated they would take on our product line. Based on
both the panel discussion and the response from show attendees,
it is increasingly clear to all involved in the European
broadcast industry that the era of border-free, regulator-free
Internet-based interactive television is about to become
a practical reality for every broadband Internet and intranet
user in Europe," Schwartz said. "Conventional broadcasters,
content owners, entrepreneurs, schools, direct marketers,
and publishers are all looking to harness the power of the
Internet to increase their presence and profitability."
Featuring a wide range of video server systems at list prices
ranging from $35,000 to $84,000, each ImOn.comTV station
is a turnkey solution that enables any Web site, including
educational, business and content owner sites, to present
interactive television within a standard browser window
on any computer with high-bandwidth Internet access. ImOn.comTV
offers its users video-on-demand, viewer-directed video
branching, instant e-commerce links and automated Web searching.
Further, unlike Windows MediaPlayer, RealVideo, Apple QuickTime
and other simple video streaming products, ImOn.comTV achieves
a level of interactivity that makes TV on the Web a truly
new experience.
What's
more, ImOn.comTV servers come with everything needed to
become a Net-centric broadcaster. This includes Java® server-client
software packaged on their choice of a Sun or Intel server
that can output many independent high bandwidth streams
of interactive video in multiple compression formats, ImaginAuthor™
software for turning traditional video into interactive
video, as well as training and one year of maintenance and
technical support.
ImOn.comTV and ImaginAuthor are trademarks of ImaginOn
and are protected under U.S. Patents.
Except
for the historical information presented herein, the matters
set forth in this press release are forward-looking statements
within the meaning of the "safe harbor" provision of the
Private Securities Litigation Reform Act of 1995, or by
the Securities and Exchange Commission in its rules, regulations,
and releases. These forward-looking statements are subject
to risks and uncertainties that may cause actual results
to differ materially. These risks include acceptance of
ImaginOn software by developers and users, the successful
development of competitive software to ImaginOn's, competitive
pricing pressures for ImaginOn software and services, and
the availability of financing to complete management's plans
and objectives. In addition, other risks are detailed in
the Company's periodic reports and in its Form S-1 registration
statement declared effective by the Securities and Exchange
Commission on May 11, 2000. These forward-looking statements
speak only as of the date hereof. The Company disclaims
any intent or obligation to update these forward-looking
statements.
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