Hartcourt Subsidiary and Davnet Limited Form Alliance to Sell Video Streaming Broadcast Solutions in Asia
December 27, 2000 09:00:00 AM ET
Leading Internet Broadcasting Provider StreamingAsia Ltd. Targets Business Users in Hong Kong and Singapore
LOS ANGELES, Dec. 27 /PRNewswire/ -- The Hartcourt Companies Inc. (OTC Bulletin Board: HRCT; Frankfurt: HCT), www.hartcourt.com, an investment and development company focused on Internet infrastructure and content delivery, today announced that its Hong Kong-based subsidiary, StreamingAsia Limited, has formed a strategic alliance with Davnet Limited, the leading international provider of IP (Internet Protocol)-based network solutions, that will allow business users in Hong Kong and Singapore to create and use their own video streaming solutions.
StreamingAsia products powered by Davnet's high-speed, broadband telecommunications services will enable business users to enjoy the efficiencies and increased productivity of real-time and pre-recorded multipoint multimedia broadcasting over the Internet.
"With video streaming, organizations and companies can incorporate video commentaries on their web sites, demonstrate products, train their staff, deliver major presentations, hold interactive meetings -- all delivered through the Internet," said Mr. Eric Chan, Managing Director of Davnet Asia.
Mr. Robert H. Turner, Group Chief Operating Officer of Davnet Limited stated, "This alliance with StreamingAsia demonstrates how value-added partners can work together to deliver the full power of multimedia to corporate users over our 100 per cent IP-based packet switch network."
Under the terms of the agreement, Davnet is to provide sales and marketing resources, hardware requirements, operating systems, storage capacity for video hosting, and Internet connectivity to StreamingAsia. Demonstration rooms in Davnet's Hong Kong and Singapore offices will display StreamingAsia products, including its flagship "MyPowerStream" software.
"MyPowerStream" is a simple, easy-to-use software that lets users create their own video broadcasts rather than having to send materials to third parties to create and host. A key feature of the software is its ability to synchronize a speaker with a separate PowerPoint presentation with the video images appearing in one part of the screen and the presentation materials on another.
Davnet will customize and market "MyPowerStream" software. Clients can post their pre-recorded video broadcasts on Davnet's servers or on their own servers for downloading when necessary.
Unlike video-on-demand and streaming TV by media broadcasters, video streaming allows any business, regardless of size, to be an active multimedia participant on the Internet.
The Hartcourt Companies, Inc., which owns 50% of StreamingAsia Limited, announced on September 21, 2000 that it has signed an underwriting agreement to bring StreamingAsia public through an Initial Public Offering.
Detailed information on Hartcourt can be obtained via the company's web site, www.hartcourt.com.
About Davnet Group
Davnet, the international Internet protocol-based carrier, is a rapidly growing facilities-based provider of high-speed telecommunications and enhanced data services to large and medium-sized businesses located within premium multi-tenant office buildings in selected cities throughout Australia, Asia and North America. As of June 30th 2000, the Group was serving clients in 81 "live" buildings in the Australian cities of Sydney, Melbourne, Brisbane and Perth, ten in Hong Kong and two in the U.S. It had licenses for another 75 buildings including premises in Canada and in Singapore.
Davnet offers integrated and scalable data services delivered through in-building broadband communications networks that it owns and/or operates. In addition to high-speed Internet access, Davnet offers enhanced services such as local and international Internet Protocol-virtual private networks, voice and fax over Internet Protocol, video and telephone conferencing, unified messaging, hosting, co-location, video on demand, video telephony and design/e-commerce services and consulting. It also offers information and data storage, protection and management solutions.
The principal company in the Davnet Group is Davnet Limited. Davnet Limited commenced trading under the symbol DVT on the Australian Stock Exchange in December 1998. In November 1999, NTT Communications Corporation of Japan, the world's largest carrier, acquired a 49 per cent interest in the Group's Australian subsidiary, Davnet Telecommunications Pty Limited. In September 2000, NTT strengthened its relationship by acquiring an option to roll up its existing interests into the listed entity, Davnet Limited. It also agreed to a further investment in Davnet Telecommunications Pty Limited. Davnet is a "Cisco Powered Network Partner."
For more information on Davnet visit the company's website www.davnet.com.hk or www.davnet.com.au. Contact: Peter Witton + 852 2206 8888 or +852 909 72014 or peter.witton@davnet.com.hk
About StreamingAsia Limited
StreamingAsia (SA) www.streamingasia.com is the leading Internet Broadcaster providing comprehensive audio and video delivery or streaming solutions to businesses, professionals, organizations, web site owners and content publishers.
Powerful network infrastructure enables SA to stream superior-quality multimedia advertising, live event broadcasting and on-demand audio and video content over the Internet to target web-enabled audiences all over the world.
StreamingAsia strives to be on the cutting edge of audio, video and computer technologies to ensure that its customers continue to receive the most advanced technology solutions available on the market without prohibitively high up front investment costs.
For more information about StreamingAsia or its services, please visit www.streamingasia.com or call +852 2412 2120. Ginger Lau (Marketing Manager) ginger@streamingasia.com
Forward-looking statements
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
© 2000 PRNewswire |
