NEWS RELEASE
FOR IMMEDIATE RELEASE
For Further Information:
Dian Griesel, Ph.D./ Juan Dominguez
The Investor Relations Group, NY NY
212-736-2650; TheProTeam@aol.com
Brian Allodi, GM Internet Products and Services
25-313-3429; briana@midisoft.com
3Com Selects recordLab Internet, Audio Utilities and Music Creation Software To Bundle With Broad Range of Retail and OEM Products
3Com To Combine Multiple recordLab Titles With Upcoming Client Access and Audio Products;
recordLab To Gain Access to 3Com's Proprietary Audio Processing Algorithms
Issaquah, Washington, November 1, 1999 --- recordLab(tm) Corporation, formerly Midisoft(r) Corportation., (OTCBB: RCLB) today announced it has signed a far-reaching licensing agreement with 3Com Corporation (Nasdaq: COMS). The agreement calls for 3Com to bundle a number of recordLab's music, audio and Internet-related software titles with 3Com client access and audio products. The agreement also calls for the companies to disclose interfaces to their respective hardware and software providing consumers with the benefits of hardware acceleration for audio processing. The companies also agreed to collaborate on a number of revenue sharing opportunities and online co-marketing activities.
"3Com selected recordLab after an extensive search," said Salim Ling, Vice President of Product Management for 3Com's Personal Communications Division. "Our activity with recordLab supports the strategy 3Com began last year with the acquisition of audio software supplier EuPhonics. That acquisition and this initiative with recordLab point to 3Com's commitment to deliver a media-rich experience to customers of our client access products for the Internet."
"recordLab has a well-established position in the competitive consumer market space for its high-quality music creation applications and its Internet-related media playback and management utilities," said Brian Allodi, General Manager, Internet Products and Services for recordLab. "We are thrilled that 3Com will offer our Internet Media Player(tm), MediaWorks(tm), Midisoft Studio and forthcoming recordLab Internet TapeDeck(tm) products with their industry-leading modems and audio solutions. We are eager to work closely with their audio engineering team to capitalize on the other opportunities presented by this agreement."
3Com and recordLab plan to leverage each company's extensive experience developing innovative music and audio technologies. recordLab will work closely with 3Com's EuPhonics division to allow recordLab software to take full advantage of the powerful on-board audio acceleration capabilities in 3Com's hardware audio products, and on PC audio solutions implemented by OEM customers using 3Com audio technology.
Additionally, 3Com will port a select number of its proprietary audio effects software programs that recordLab will use to offer its customers "pro audio-class effects processing" on Intel(r) Pentium(r)-class PC's. Previously, these technologies have been marketed almost exclusively to leaders in the high volume integrated circuit, sound card, computer, and pro-audio industries such as Analog Devices, VLSI Technologies, S3, Digidesign, Emu, Lexicon, Roland, and Yamaha. The agreement marks the first time these audio effects technologies will be made available for use on the Intel Pentium/Microsoft(r) Windows(r) PC platform. recordLab will implement the 3Com algorithms as Microsoft DirectShow(tm)-compatible plug-ins for recordLab's Internet TapeDeck, a multi-track digital audio recording application due out later this year.
"3Com intends to combine its experience and industry-leading technologies in modems, network interface cards and sound capabilities to bring to market a new class of products for IP telephony, LAN telephony and streaming multimedia applications," offered 3Com's Ling. "This agreement allows recordLab and 3Com--as well as our valued OEM partners--to deliver high quality, audio-centric Internet solutions for millions of consumers who increasingly expect and demand a more engaging media experience when they use their PC's."
About recordLab Corporation
recordLab Corporation (formerly Midisoft Corporation) is a music technology pioneer and a recognized leader of innovative applications for the control and use of music and sound on personal computers and the Internet. recordLab.com, the Company's recently-announced online initiative due to launch later this year, will offer an engaging, rich-media based music destination site targeted at the millions of amateur musicians in the US. Positioned as the first mover in the music creation space on the Internet, recordLab.com will offer amateur and aspiring artists the tools, information "know-how" and services required to make, record, and distribute their music. For further information, please visit www.recordLab.com, www.midisoft.com, or contact Brian Allodi, General Manager, Internet Products & Services at 425-313-3429 or briana@midisoft.com.
About 3Com Corporation
With more than 300 million customers worldwide, 3Com Corporation connects more people to information in more ways than any other networking company. 3Com delivers innovative information access products and network system solutions to large, medium and small enterprises; carriers and network service providers; PC OEMs; and consumers. 3Com. More connected.(tm) For further information, visit 3Com's press site at www.3com.com/pressbox.
Midisoft is a registered trademark of recordLab Corporation. 3Com is a registered trademark and EuPhonics and More connected. are trademarks of 3Com Corporation. All other names mentioned are trademarks of their respective companies.
recordLab Corporation Forward-looking Statements
All statements in this press release other than statements of historical fact are forward-looking statements that involve risks and uncertainties. There can be no assurance that the Company's plans will be realized, that revenues will increase or that the Company's operations will improve. Reference is made to the Company's Annual Report on Form 10-KSB for the year ended December 31, 1998 and to the Company's other reports filed with the Securities and Exchange Commission for a discussion of such risks and uncertainties and other factors that may have a material effect on the Company's business.
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