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Technology Stocks : Front Porch Digital (FPDI)

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To: leigh aulper who started this subject6/23/2004 9:21:18 AM
From: cmg   of 20
 
Japan's Largest Digital Satellite Broadcaster Selects Front Porch Digital
Wednesday June 23, 5:00 am ET
SKY PerfecTV! Win Strengthens Company Leadership in Asian Broadcast Market

MOUNT LAUREL, N.J., June 23 /PRNewswire-FirstCall/ -- Front Porch Digital Inc. (OTC Bulletin Board: FPDI - News), today announced that SKY PerfecTV! has chosen DIVArchive to manage its large centralized archive of digital content. SKY Perfect TV! is the second Japan-based media company to select Front Porch and is further evidence of the Company's growing leadership in the Asian broadcast market.
SKY PerfecTV! is Japan's largest digital satellite broadcast service with more than 3.6 million subscribers. The company's new archive will initially include 10,000 hours of video content, and is expected to scale to 20,000 hours within one year. The Front Porch win came after a comprehensive, six-month evaluation of competitive archive management solutions by SKY PerfecTV!

"DIVArchive is well-established in the Asian broadcast market, and Front Porch has excellent references throughout the region," said Mr. Takanari Araki, manager broadcasting technology department at SKY PerfecTV!. "Our testing and analysis confirmed the reasons for Front Porch leadership. DIVArchive offers superior functionality and performance, broad interoperability, and virtually infinite scalability. The Front Porch team is extremely knowledgeable and has been very responsive to our unique needs. We look forward to a long and productive partnership with such a strong team of professionals."

Front Porch teamed with StorageTek® to win the deal. Front Porch and StorageTek have deployed more than 10 complete systems throughout Asia Pacific, and their integrated solutions have a strong track record for mission-critical performance.

"Front Porch Digital is the proven global leader in archive management, and we have had great success with them around the world," said Roger Good, StorageTek director of solutions development. "With DIVArchive operating on our D220 disk system, PowderHorn 9310 and T9940B tape drives, broadcasters receive the highest possible reliability, performance and value. We look forward to working with Front Porch on yet another successful installation."

"Our new relationship with SKY PerfecTV! is significant for a number of reasons," said Rino Petricola, managing director and vice president, Front Porch Digital International. "Japan is a rich media market and a key target for growth. SKY PerfecTV! is an influential reference account for our future development efforts there. SKY PerfecTV! represents our further penetration of the digital satellite broadcast market, one of the most rapidly expanding segments of the media industry. And our joint bid with StorageTek is also relevant, as it demonstrates the power of our bundled value proposition. We are extremely pleased to have this opportunity, and will make every effort to reward the confidence placed in Front Porch by SKY PerfecTV!."

About Front Porch Digital: Front Porch Digital Inc. (http://www.fpdigital.com) is transforming the digital world by developing unique software and services that convert audio, video, images, text and data into digital formats that enable searching, browsing, editing, storage and on-demand delivery of content in nearly any other digital format through a single capture. Front Porch is the number one provider of archive management software in Europe and Asia.

Front Porch Digital Forward Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect Front Porch Digital's current views with respect to future events and financial performance. Such statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated from such forward-looking statements. The potential risk factors include Front Porch Digital's limited operating history and experience in the data and video digital conversion business, Front Porch Digital's ability to attract significant additional financing and incur operational losses and negative cash flow, and risks associated with expansion. Additional risk factors are set forth in Front Porch Digital's reports and documents filed with the Securities and Exchange Commission.
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