Friday July 24, 2:59 pm Eastern Time
Company Press Release
American Interactive Media Enters Strategic Partnership With InfoSpace, Inc.
- Agreement Includes Syndication of AIME's Original Video on Internet -
NEW YORK--(BUSINESS WIRE)--July 24, 1998-- American Interactive Media, Inc. (OTC BB:AIME - news) has entered into a strategic partnership with
InfoSpace, Inc., a leading syndicator of content on the Internet. The agreement calls for InfoSpace to provide AIME's streaming video Internet entertainment
networks with access to InfoSpace's directory services and infrastructure. Additionally, InfoSpace will distribute blocks of AIME programming to its syndication
partners and to other sites on the Internet. The relationship was announced by Mark Graff, president of American Interactive Media, and Naveen Jain, president of
InfoSpace.
The InfoSpace agreement gives AIME's entertainment networks, developed by WebFeat, Inc., AIME's content development and production subsidiary, prominent
visibility on the InfoSpace site which generates 130 million hits a month. The immediate beneficiary of this agreement is ComedyNet (http://www.comedynet.com), a
cutting-edge, twenty-four-hour streaming video comedy network recently launched on the Internet by AIME. ComedyNet programming will be syndicated to
InfoSpace's partners as well as to other Internet sites and search engines. InfoSpace syndication partners include ABC News Ventures, CBS, Lycos, The Microsoft
Network, The Wall Street Journal, CompuServe, Intel, AT&T, Barnes & Noble, Sega and Oracle.
AIME entertainment networks, of which there are several in various stages of development, will have access to InfoSpace's e-mail, chat and e-commerce services.
InfoSpace will also provide the data management functions necessary to track usage, (more) advertising targeting and user registration. Infospace's e- Commerce
capabilities will also be directly built into AIME's web pages to enable targeted promotions and online shopping.
InfoSpace's directories will benefit from the integration of a growing base of innovative entertainment networks developed by WebFeat. The inclusion of these
largely video streaming entertainment programs in their syndication package will broaden and diversify InfoSpace's already vast reach on the Internet.
''The InfoSpace relationship acknowledges the quality and potential of AIME's entertainment networks. It also gives us access to millions of hits on a monthly basis
while providing the best back-end services available,'' said AIME president, Mark Graff.
Naveen Jain, president of InfoSpace added, ''We are very excited about the opportunity to match the extensive InfoSpace syndication network with a revolutionary
online video producer. This opens an entirely new advertising model which we expect will be extremely successful.''
InfoSpace is a leading ''aggregator and syndicator'' of content on the Internet. Formed in April 1996, InfoSpace has grown to become one of the top ten sites on
the Internet today. InfoSpace is continually adding content and forging partnerships with independent yellow pages publishers, newspapers, television stations, search
engines, ISP's, information appliance makers and popular Web sites. InfoSpace's directories can be seen at infospace.com.
American Interactive Media, Inc. (AIME) is dedicated to delivering proprietary, aggregated and licensed digital content and other Internet-based services.
WebFeat, Inc. is AIME's proprietary digital content production subsidiary. AIME's principal service, the webPASSPORT Network, provides easy-to-use,
inexpensive Internet access, and customized interactive services and a range of telephone features delivered to conventional televisions. The webPASSPORT
solution utilizes an Internet access device and browser as well as AIME's proprietary content and back end software and infrastructure. |
