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ONT : ON2.COM INC (AMEX)
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On2.com to Showcase Revolutionary Broadband Technology at Spring Internet World 2000
NEW YORK, March 30 /PRNewswire/ -- On2.com Inc. (Amex: ONT) takes its groundbreaking video compression and streaming technology on the road next week with a major presence at Spring Internet World 2000 in Los Angeles April 5-7, 2000. On2 will be demonstrating its technology to consumers and meeting with potential business-to-business customers at the world's largest event for e-business and Internet technology companies. More than 50,000 participants and thousands of journalists are expected.
On2's location in Booth 151 will showcase its proprietary TrueMotion VP3(TM) technology, which delivers full-motion, full-screen, television-quality video to broadband consumers. With broadband expected to grow to nearly 37 million U.S. households by 2003, On2 has moved to leverage its technology and broadband expertise by enabling Web companies and other third parties to transform their narrowband content to the broadband medium.
Visitors to On2's booth at Spring Internet World 2000 will experience On2Movies, the first channel in the On2Network, featuring an extensive selection of movie trailers, celebrity interviews and coverage of entertainment events streaming over the Web. In addition, On2 will offer free access to its video email (VP3-Mail), which utilizes On2's patented technology to deliver full-motion, customized video emails over both the narrowband and broadband Internet.
"Internet World has become the largest business-to-business forum for Internet companies, providing a great venue for us to showcase our technology to prospective customers and partners," said Dan Miller, On2.com founder, president and CEO. "Our goal at Internet World is to demonstrate and market our package of integrated broadband services that enable content developers to quickly tap into the booming broadband market."
About On2.com Inc.
On2.com Inc. (Amex: ONT) is a global leader in broadband technology and content delivery over the Internet. On2's proprietary video compression and streaming technology -- TrueMotion VP3(TM) -- revolutionizes the consumer Web experience by delivering full-motion, full-screen, television-quality video over the Internet at data rates as low as 250 kilobits/second. On2 has developed the Internet's first network of Web channels exclusively for broadband consumers (http://www.on2.com), and is further leveraging its technology and broadband expertise to enable Web developers and other third-party content providers to transform their narrowband content to the new broadband world. Headquartered in New York City's Tribeca Film Center in the heart of Silicon Alley, On2 is located at 375 Greenwich Street, New York, NY 10013 and can be reached at 212-941-2400 or info@on2.com. Investor inquiries should be sent to invest@on2.com.
This release contains statements that constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21 of the Securities Exchange Act of 1934 and are subject to the safe harbor provisions of those sections and the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk uncertainties including those described in our filings with the SEC, and that the actual results or developments may differ materially from those in the forward-looking statements as a result of various factors. We have based these forward-looking statements on information currently available and disclaim any intention or obligation to update or revise any forward-looking statement.
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