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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: Mohan Marette who wrote ()5/16/2000 10:21:00 AM
From: Michael Olds   of 1884
 
Digital Island Provides iNEXTV.com With Content Delivery Services for Next-Generation Streaming Media
BUSINESS WIRE - May 16, 2000 07:23
SAN FRANCISCO, May 16, 2000 (BUSINESS WIRE) --

Online Video Network Selects Digital Island's Footprint On-Demand Service To Distribute Content for Online Video Sites

Digital Island, Inc. (Nasdaq:ISLD), a leading Global e-Business Delivery Network, announced today that iNEXTV Corporation, a premier online video media company, is using its Footprint(TM) On-Demand streaming media service to deliver innovative, rich-media content for the video-based network and its affiliates.

Digital Island's Footprint On-Demand service ensures iNEXTV's customers a high-quality viewing experience by caching streaming media files in content distributors located across its global e-Business Delivery Network. Customers' requests for streaming content are seamlessly routed to the best performing server for fast and reliable delivery of rich media anywhere in the world.

"After an exhaustive search for the best-of-breed distributed serving company, iNEXTV chose Digital Island for their innovative technology for streaming media," said Edward J. Bramson, chairman of iNEXTV. "iNEXTV's superior video technology and original content combined with Digital Island's cutting edge distributed serving capabilities provide our viewers the best video available on the Internet today."

"Streaming media is becoming the linchpin to successful e-Business, allowing companies to deliver customer-targeted content and advertising with an excellent Internet experience," said Ruann F. Ernst, chairman and CEO of Digital Island. "Digital Island's streaming media capabilities combine network services and a secure e-Business infrastructure that allow customers to grow their online presence through revenue-generating rich-media content."

iNEXTV.com, a wholly owned subsidiary of visual information technology innovator Ampex Corporation (AMEX: AXC), has built a global network of targeted video-based Web sites based in New York, Los Angeles, Washington, D.C. and Germany. More than 40 channels of programming include live and on-demand Webcasts of: business and government -- with commentary from veteran journalist Hugh Downs -- at EXBTV.com, consumer interest at iSTYLETV.com, and entertainment news at AENTV.com. Digital Island's assures iNEXTV.com's customers an excellent viewing experience by streaming these Webcasts from content distributors located in proximity to the end users.

Digital Island(R) is a leading Global e-Business Delivery Network. The company's suite of application services for interactive e-Business allows customers and partners to readily integrate content delivery, hosting and intelligent networking to give the ultimate consumer a superior experience. Strategically located Data Centers in the United States, Europe and Asia are directly connected to leading access service providers in 24 countries. In addition, Digital Island operates a network of more than 1,200 content distributors across the Internet, which improves the performance and reduces the cost of hosting high-volume Web applications in target markets. This network is expected to grow to more than 6,000 content distributors in 350 locations worldwide by the year 2003. Digital Island is headquartered in San Francisco. www.digitalisland.net.

INEXTV Corporation, www.inextv.com, headquartered in New York City, is the premier online video media company, and a wholly owned subsidiary of Ampex Corporation (Amex:AXC). INEXTV produces original Internet video programming in New York, Los Angeles, Washington, D.C. and Munich, Germany.

The iNEXTV network of affiliates includes: Alternative Entertainment Network, www.aentv.com, Los Angeles, one of the largest on-demand streaming video sites about the entertainment industry; EXBTV, www.exbtv.com, Washington, D.C., producer and netcaster of original Internet programming regarding the Executive Branch of government; iSTYLETV, www.istyletv.com, New York, focusing on the lifestyles, passions and pursuits of affluent web users; TV onthe WEB, www.tvontheweb.com, Reston, Va., a leading provider of Internet video services; and TV1 Internet Television, www.tv1.de, Munich, Germany, one of Europe's top webcasters.

(Minimum requirements to view webcasts: RealPlayer(R) 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.)

Important Notice

Note to Editors: Digital Island is a registered trademark of Digital Island, Inc. Footprint is a trademark of Digital Island, Inc. All other trademarks are properties of their respective owners.

This release may contain forward-looking statements that are subject to risks and uncertainties. Important factors which could cause actual results to differ materially from those in the forward-looking statements, include but are not limited to: the company's short operating history which makes it difficult to predict its future results of operations; the company's history of operating losses and expected future losses which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate which may cause volatility or a decline in the price of the company's stock; the possibility that the company may not be able to price its services above the overall cost of bandwidth causing its financial results to suffer; and other factors detailed in the Company's filings with the Securities and Exchange Commission.

CONTACT: Digital Island Alf Abuhajleh, 415/738-4555 (Media) alf@digitalisland.net Tom Thompson, 415/738-4102 (Investor Relations) tomt@digitalisland.net or iNEXTV.com Kelley Gannon, 703/262-8706 (Media) kgannon@tvontheweb.com
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