WavePhore's Newscast Today Now Available Through FEDLINK; Federal Agencies Gain Access To Business Intelligence Services
PHOENIX--(BUSINESS WIRE)--Feb. 2, 1999--WavePhore, Inc. (Nasdaq:WAVO), the leading new media content integrator and architect of digital-delivery systems, today announced that its Newscast Today service is now available through FEDLINK.
The FEDLINK agreement allows all federal government agencies -- executive, legislative, judicial, military, civilian, and independent agencies -- to utilize the FEDLINK contract vehicle to subscribe to WavePhore's Newscast Today business intelligence service.
Using FEDLINK service contracts, federal libraries, information centers, and other offices can obtain WavePhore's Newscast services directly. In addition to the Newscast Today basic information package, there are 20 other high tech, international, and financial information providers included as part of the FEDLINK contract. In 1997, more than 800 government agency members of FEDLINK spent in excess of $70 million for information retrieval services.
Newscast's increasing popularity is due to several factors. The service is browser-based requiring no dedicated servers on-site. Newscast allows Intranet and Internet-based delivery of current news as well as in-depth archive searches. Newscast provides customization of the user interface and information profiles for organizations and individuals.
"During the past year, WavePhore has successfully sold its popular Newscast Today service to independent government agencies. Our goal is to further streamline the process," said WavePhore Chairman, President, and CEO David Deeds. "To that end, our new contract with FEDLINK facilitates the process, by making it faster and easier for all federal government agencies to subscribe to our full-featured information services."
ABOUT NEWSCAST
Newscast Today is the Web's premier business information source designed for information professionals. Accessed from the World Wide Web or integrated into intranets and extranets, Newscast Today delivers real-time business news gathered from more than 4,500 publishing, broadcasting, financial, and government data sources to over 200,000 corporate users throughout the world.
ABOUT FEDLINK
Established in 1976, FEDLINK (the Federal Library and Information Network) is a cooperative program of FLICC (The Federal Library and Information Center Committee). FEDLINK, a Library of Congress sponsored network, offers any U.S. federal agency, through its library, information center, or other information-oriented office, the opportunity to enhance the resources available to meet the requirements of its personnel.
ABOUT WAVEPHORE
WavePhore, Inc. (Nasdaq:WAVO) is the leading new media content integrator and architect of digital delivery systems. WavePhore partners with the foremost providers of news, business data, Web-based content and multimedia programming to deliver selective intelligence and quality content to an information-dependent society. WavePhore (www.wavephore.com) enables people and enterprises to more efficiently receive, manage and productively use all types of urgent, insightful, or relevant information. The company's technologies and services aggregate, filter, customize and distribute digital content (text, graphics, music, and video) using a wide range of reliable, low-cost broadcast (FM sideband, TV-VBI), satellite and Web-based delivery systems. It has technology sourcing and strategic alliances with Microsoft, Intel, Compaq, Sony, Gateway, STB, ADS and PBS National Datacast, in addition to information service agreements with some two hundred Fortune 1,000 companies worldwide. Additional information on WavePhore is available via the Internet at www.wavephore.com. Information on its consumer services can be found at www.wavetop.net; business products and services at www.newscast.net, and www.ewatch.com and network equipment and backbone services at www.wavephore.net.
Certain of the above statements regarding WavePhore constitute forward-looking statements, which may involve risks and uncertainties. Actual results could differ materially from such forward-looking statements as a result of a variety of factors, including, but not limited to, technology changes, competitive developments, industry and market acceptance of new products and services, and risk factors listed from time to time in WavePhore's SEC filings.
CONTACT:
Neale-May & Partners
Bernadette Callahan, 650/328-5555 x120
callahan@nealemay.com
or
WavePhore Investor Relations
Jennifer Schreier, 602/952-5500 x239
jschreier@wavephore.com
or
FEDLINK
Library of Congress
202/707-4848 (voice)
202/707-4873 (fax)
KEYWORD: ARIZONA DISTRICT OF COLUMBIA
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