PICK is my pick today (still moving on yesterday's news)
Company Press Release
PICK Sat Signs Its First Contract for Broadband
Satellite Delivery Of Broadcast Programming with
Cadena Latinamericana
-Cadena Latinamericana Uses PICK Sat's Broadband Satellite Delivery Platform For Video File
Distribution Service (VFDS) to 100 Latin American Affiliates-
MIAMI--(BUSINESS WIRE)--July,12 1999-- PICK Sat Inc., a subsidiary of PICK Communications Corp. (OTC BB:PICK - news),
today announced that it signed its first contract to provide electronic broadband satellite delivery of video programming.
The three-year $2.1 million contract with Cadena Latinamericana (CLT) provides for video file distribution to CLT's more than
100 affiliates throughout Latin America.
''PICK Sat is enabling us to replace a cumbersome, expensive and labor-intensive distribution mechanism with an easy-to-use,
cost-effective and reliable high-tech satellite delivery system,'' said Jorge Tomassello, chief executive officer of CLT, a unit of
Pacacon. ''Six months from now we're going to look back and wonder how we ever operated without PICK Sat.''
PICK Sat provides satellite-based broadband wireless Internet services to cable network operators and Internet Service Providers in
the U.S. and Latin America, distance-learning and intra-enterprise video communications for corporations, government agencies
and educational institutions, and transmission of very large multimedia files to remote locations for corporations, software
companies and video production enterprises.
Cadena Latinamericana is a leading distributor of Spanish-language video programming to cable and broadcast television stations in
Latin America.
''We are delighted to be working with Cadena Latinamericana to provide a solution that successfully delivers both substantial cost
savings and gains in efficiency,'' said Mario Pino, president of PICK Sat. ''By using the PICK Sat platform, any large or small
company can deliver massive amounts of video, audio or digital data, and can do so immediately and cost effectively.''
CLT previously used courier services to send more than 20,000 Betacam cassettes a year to its affiliates. The company will now
distribute its programming as electronic files via PICK Sat's broadband satellite delivery platform. Affiliate stations will receive the
files via satellite dish, store them on a server, and decode them into Betacam format as needed for local playout.
PICK Sat, along with its technology partners, including Microsoft, Philips, FORE Systems and Harmonic Data Systems has built an
open standard, satellite broadband delivery platform that offers companies affordable and immediate satellite IP-based service.
PICK Communications Corp., headquartered in Wayne, N.J., operates PICK Sat Inc., headquartered in Miami, Fla., which provides
satellite-based Internet access and interactive multimedia services to end-user service providers, and PICK Online.Com Inc., a
media-content aggregator and satellite multicast delivery service for Internet Service Providers (ISPs) and Broadband Networks,
including Cable Modem and Asynchronous Digital Service Line (ADSL) service providers.
For additional information on PICK Communications Corporation and its subsidiaries, please see the company's Web sites:
www.picksat.com; www.pick-online.com and www.pickradio.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created thereby.
These statements are not guarantees of future performance. The Company's actual future results could differ materially from the
forward-looking statements discussed herein or implied by such forward-looking statements. The risks and uncertainties associated
with these statements include the Company's and third parties' ability to perform under the CLT contract and receive payments
from CLT, the Company's immediate need for additional funding, the repayment of substantial short-term indebtedness, significant
and continuing losses, dependence on a limited number of clients, dependence on and obligations to third-party carriers, dependence
on the Internet, timely development and acceptance of new products in the constantly evolving Internet industry, the impact of
competitive products and pricing, government regulations and the other risk factors detailed from time to time in the Company's
SEC reports. The forward-looking statements contained in this press release speak only as of the date hereof and the Company
disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to
reflect changes in the Company's expectations or future events.
Contact:
The Dilenschneider Group
Reid Gearhart, 212/922-0900
or
PICK Sat
Mario Pino, 305/717-1500
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