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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: Hal Campbell who wrote (4116)7/16/2001 3:43:28 PM
From: wlcnyc   of 4169
 
"Monday July 16, 3:00 pm Eastern Time
Press Release
SOURCE: iNEXTV

Tony Guida To Host Ampex Unit iNEXTV's ``Legends Of The Road'' Which Premieres On Tuesday, July 17

INTERNET WIRE -- Do you desire to be a connoisseur of the automobile - both classic and modern? iNEXTV will show you how! Today, iNEXTV premieres a new original, weekly, Web-exclusive auto series, LEGENDS OF THE ROAD, hosted by veteran reporter Tony Guida. All segments premiere on-demand at www.iNEXTV.com and on iNEXTV's distribution network, which comprises some of the Web's best-known sites including Yahoo!, WindowsMedia.com, CarTrackers.com, and MotorCities.com.
In iNEXTV's LEGENDS OF THE ROAD, Tony Guida explores the American love affair with the automobile by delivering insightful portraits of the cars, places and people who have kept this love affair raging white-hot for more than a century. LEGENDS OF THE ROAD presents new cars through the prism of what came before and puts context around even the most futuristic concept cars. The show uncovers the fascinating stories of the cars themselves and the people - designers, entrepreneurs and race drivers - who live and breathe them. (13-part series; Segments are approx. 3-5 minutes each)

The following is a partial list of episodes and their premiere dates:


- 7/17 (Feature) - GM's Hummer for the Masses - the H2 Concept
- 7/17 - Chrysler's Knack for Right-on Concept Cars
- 7/17 - Lincoln Feature Leap - the MK 9 Concept
- 7/17 - Volvo Says Safety Has a Future
- 7/17 - VW's MicroBus Says, "Where Were You in 2002?"
- 7/25 - The Greatest Rarity - An Unbeatable Race Car
- 8/1 - Tom Gale's Chrysler Designs Worked Miracles
- 8/8 - Ford 1963 Lotus Turned Indy on its Ear
- 8/15 - BMW Redefines How You Drive
- 8/22 - Ford 49 Brings Dearborn's Heritage Up to Date
- 8/29 - Aston Martin - Marquee of the Elite

Most recently, Guida was the anchor of Entrepreneurs Only, CNNfn's half-hour nightly business program dedicated to covering the world of entrepreneurs, including new issues, innovations and personalities. Guida also co-anchored CNNfn's Market Coverage, providing play-by-play coverage of the day's business headlines and breaking news that may affect viewers' investing decisions. He provided daily summaries of U.S. business news to viewers of CNN International's Asia Business Morning. Prior to joining CNNfn in 1998, Guida was a leading television journalist in New York's tri-state area and a mainstay of the area's local newscasts for 25 years.

iNEXTV's LEGENDS OF THE ROAD is produced by iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex: AXC - news). All shows are directed by Jeff Fountain. Gloria Fusillo is the senior producer of LEGENDS OF THE ROAD. All episodes will be archived on iNEXTV's website, www.iNEXTV.com, indefinitely.

All iNEXTV programming is encoded, hosted and streamed via iNEXTV's custom player window streaming and advertising video interface. The player window utilizes Ampex's proprietary video technology, which delivers a crystal clear viewing experience while lowering bandwidth costs and offers multi-level advertising and branding opportunities. All of the programming is accessible to users of Microsoft Windows Media Player and Real Networks RealPlayer.

Tony Guida is available for interviews.

Please contact Jocelyn at 212-735-1038 to schedule.

About iNEXTV

iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly-owned subsidiary of Ampex Corporation (Amex: AXC - news). iNEXTV and its subsidiary have a syndication network that reaches more than 100 million unique monthly users via its distribution partnerships with Microsoft's WindowsMedia.com, AskJeeves, Yahoo!, Qwest's Online Avenue, NYPost.com, Autobytel.com, TravelNow.com and ClassicCar.com among others. Headquartered in New York City, iNEXTV produces and syndicates original Internet video programming from its production facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, travel, fashion, automotive and entertainment - showcasing iNEXTV's superior streaming technology with content. For more information about iNEXTV and its programming, syndication and advertising offerings, please visit us at www.iNEXTV.com.

(Minimum requirements to view iNEXTV webcasts: (1) Microsoft Windows Media Player, available for free download at www.windowsmedia.com, or (2) RealPlayer software, available for free download at www.real.com, and at least a 28Kbps connection to the Internet, but 56Kbps is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com.)

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations, risks of declining liquidity, risks affecting the Company's Internet strategy; ability to sell advertising, and to obtain additional distribution; uncertainty as to the timing or terms of any sale of Data Systems and other risks mentioned in the Company's 2000 Annual Report on Form 10-K filed with the SEC, its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2001, filed with the SEC, and its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2001, which is expected to be filed shortly.

www.iNEXTV.com

--------------------------------------------------------------------------------
Contact:
Jocelyn Brandeis
iNEXTV
212-735-1038
jocelyn@iNEXTV.com

Karen Dexter
Ampex Investor Relations
650-367-4111"

biz.yahoo.com
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