DIDAX Announces Agreement with RealNetworks Inc. to Offer Premium Internet Audio and Video Solutions to Christian Organizations and to Promote Crosswalk.Com via Real Broadcast Network
CHANTILLY, Va., Jan. 31 /PRNewswire/ -- DIDAX INC. (Nasdaq: AMEN), creator of the award-winning crosswalk.com Christian community Web portal (http://www.crosswalk.com) today announced an agreement with RealNetworks Inc. (RN) for crosswalk.com to be the aggregator of Christian content for RN's Real Broadcast Network (http://www.real.com).
This arrangement opens up a new line of business for crosswalk.com(TM) to provide full service streaming audio and video solutions to churches, radio stations and Christian content providers. RealNetworks has been providing streaming media solutions since 1995. To date over 37 million unique users have registered for the RealPlayer, and 85% of all streaming media enabled Web pages use RealSystem software to deliver content.
The agreement also includes promotion and access to crosswalk.com's current audio content on RN's RealGuide and RealChannels Web services. The RealNetworks family of Web sites is among the top audio/video destinations on the Web and consistently ranks in the top 25 sites anywhere on the Internet. PC Magazine ranked the company 24th on its list of 100 most influential companies.
"RealNetworks has the stature and proven capacity to support the anticipated growth in the depth of content, services and visitors to our community portal Web site," William Parker, CEO and President of DIDAX, said. "The added exposure for crosswalk.com audio and video content in the high-demand, high-traffic areas that Real Broadcast Network offers should mean a steady flow of new visitors to crosswalk.com along with additional ways to provide them with compelling e-commerce opportunities."
The agreement will also upgrade the quality of crosswalk.com's streaming media, providing six, twenty-four hour streaming audio channels consisting of different formats of Christian music as well as on-demand music sampling and MovieGuide audio programming.
Crosswalk.com, the "1998 Christian Web Site of the Year" according to Best of the Christian Web, is the premier online Christian community portal covering the spectrum of life within a Christian context. With a focus on "information for Christians, not just Christian information," site visitors and members can tap into channels targeting music, personal finance, and careers (in beta version), lifestyle channels focusing on issues for men and women, and services ranging from free Web access filtering and a full-Web filtered search engine to online shopping, family-friendly movie reviews, games, chat, forums, local events, news, free email and more.
DIDAX INC. is primarily known as the creator of crosswalk.com (www.crosswalk.com). The Company generates revenues through the sale of sponsorships and advertising; the online retailing of Christian and family-friendly products manufactured or developed by others (music, books, apparel, gifts, etc.); commissions and referral fees from co-marketing relationships; memberships in affinity marketing programs (affording participants price discounts and other benefits of group purchasing power); and to a lesser extent, the continuing provision of technology services to various Christian organizations.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect DIDAX's future results, please see the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations. Copies of these filings are available upon request from DIDAX investor relations. |