"Tuesday March 13, 9:00 am Eastern Time
Press Release
Ampex Unit iNEXTV Signs Syndication Agreement With CarTrackers.com
CarTrackers.com To Feature iNEXTV's Original Automotive Streaming Video Series
INTERNET WIRE -- iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex: AXC - news), today announced it has signed a distribution agreement with Cartrackers.com, a Top 10 site in the auto buying industry with more than 750,000 unique monthly visitors and the #1 Automotive Internet Site for customer loyalty, as rated by PC Data Online. The agreement is to syndicate iNEXTV's original automotive streaming video series, including ZERO TO 60 WITH TED WEST.
ZERO TO 60 WITH TED WEST is a weekly show where Ted West, award-winning contributor to Road & Track, gets behind the wheel of today's hottest and most sought after cars and puts them to the test on the open road. The market is bursting with exciting cars, and ZERO TO 60 WITH TED WEST will help viewers make all the fine distinctions and right choices.
The agreement with CarTrackers.com increases iNEXTV's distribution network and advertising inventory, while also providing added-value content to CarTrackers.com and its users. Both companies will share revenue from advertising, generated from in-stream video commercials and banners associated with the programming.
Using iNEXTV's custom player window to serve the video, CarTrackers.com will supply users with co-branded, interactive programming, which includes: ZERO TO 60 WITH TED WEST, CAR-RIZZMA, a daily show which looks at the most exciting, glamorous and sought-after cars in the world - including classic cars, collectibles and car-coolness of every kind; and THE CAR SHOW, a daily show which allows viewers to simulate a test-drive of a Ferrari, lap Monaco in a Grand-Prix car and talk racing with Stirling Moss.
Programming began earlier this month.
All programming is encoded, hosted and streamed via iNEXTV's custom player window streaming and advertising video interface. The player window utilizes Ampex's proprietary video technology to provide high quality video with multi-level advertising and branding opportunities. All of the programming is accessible to users of Microsoft Media Player (Nasdaq: MFST - news) and Real Networks Real Player (Nasdaq: RNWK - news).
About CarTrackers.com
Established in 1997, CarTrackers.com is a privately held company. CarTrackers.com promotes consumer-friendly automobile buying practices and an unwavering commitment to buyer education. We provide the tips, strategies, and detailed behind-the-scenes information needed to understand the automobile sales world online and off. By offering multiple sources to educate its customers, CarTrackers.com creates a level playing field. Now the consumer has the knowledge to make educated choices and decisions with confidence.
Over the past 12 months, CarTrackers.com has recorded a dazzling increase in unique visitors, gaining nationwide notoriety as a must see, online automotive resource. It is also the #1 automobile specific web site in PC Data Online's prestigious Top Monthly Site Loyalty Report.
About iNEXTV
iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly-owned subsidiary of Ampex Corporation (Amex: AXC - news). iNEXTV and its subsidiary have a syndication network that reaches more than 20 million unique users via its distribution partnerships with AskJeeves, Juno, Qwest and ClassicCars.com among others. Headquartered in New York City, iNEXTV produces and syndicates original Internet video programming from its production facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, exotic travel, fashion, automotive and entertainment - showcasing iNEXTV's superior streaming technology with content. For more information about iNEXTV and its programming, syndication and advertising offerings, please visit us at www.iNEXTV.com.
(Minimum requirements to view iNEXTV webcasts: RealPlayer® 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.)
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations, risks affecting the Company's Internet strategy and ability to obtain additional distribution, uncertainty as to the timing or terms of any sale of Data Systems and other risks mentioned in the Company's 1999 Annual Report on Form 10-K filed with the SEC, its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2000, June 30, 2000, September 30, 2000, and its 2000 Annual Report on Form 10-K, which is expected to be filed shortly.
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Contact:
Jocelyn Brandeis
iNEXTV
212-735-1038
jocelyn@iNEXTV.com
Karen Dexter
Ampex Investor Relations
650-367-4111
investor@ampex.com
Jeff Voth
CarTrackers.com
905-704-1140 x: 34
jeff@CarTrackers.com"
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