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Technology Stocks : Visual Data (VDAT)

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To: nord who wrote (104)2/23/1999 5:58:00 AM
From: nord  Read Replies (1) of 405
 
ednet.net
ednet.net

VDAT owns 51% EDnet a little backgrounder

EDnet's primary business is providing connectivity within the entertainment industry through its private network which encompasses
production and post production companies, advertisers, producers,
directors, and talent. The network enables trouble-free exchange of high quality audio, compressed video and multimedia data communications, utilizing long distance carriers, regional phone companies, satellite operators, and independent fiber optic telecommunications providers. EDnet provides total interoperability between its various Basic and Primary Rate ISDN networking services. EDnet provides engineering services, application-specific technical advice, audio equipment, proprietary and off-the-shelf codecs, teleconferencing equipment, and other innovative products to facilitate its wide area networking applications. EDnet's proprietary network management software enables convenient "point-and-click" connections to both domestic and international EDnet sites listed in a regularly updated electronic directory. EDnet also provides both live audio and video webcasting worldwide via the Internet.

In 1991, while still working for Skywalker Sound, a division of
LucasArts Entertainment Company, the EDnet management group exploited
innovative digital communications technology, carried over fiber optics, to transmit high quality digital audio between Skywalker's two
facilities located over 400 miles apart. The group was able to
successfully send and synchronize four channels of compressed digital
audio from studios in Northern California to studios in Southern
California. The management group, with the acknowledgment of LucasArts
formed EDnet in June, 1992 to develop and market this new technology
with a trial network of seven studios. The EDnet group moved from
Skywalker Ranch in 1993 to set up headquarters in San Francisco.
Renowned record producer, Phil Ramone, utilized EDnet's services
extensively in the production of Frank Sinatra's Duets album later in
1993 and again in 1994, resulting in EDnet's expansion into the music
recording market with important studios around the country.

EDnet was keenly aware of the demand for producers and advertising
creative directors to have the ability to be in more than one place at a time and the need to transmit high quality voice between recording and production facilities, availing themselves of the appropriate talent, regardless of location. In mid 1993, EDnet acquired Digital Patch Systems, an audio network utilizing ISDN, primarily to address this advertising oriented market. In 1996, EDnet acquired Internet Business Solutions, giving the company an inside track on providing its expanding client base with even broader networking opportunities. In December, 1998 EDnet sold IBS, and is now collaborating with its parent company, Visual Data Corp. in the distribution of media over the Internet.

EDnet manages a rapidly expanding global network of over 500 North
American Affiliates, and nearly 200 International Associates, in cities throughout the United States, Canada, Mexico, Europe, and the Pacific Rim. EDnet has strategically utilized the extensive relationships and established reputation of its principals in conjunction with this market opportunity to quickly mark its position as the most innovative value-added telecommunications network in the entertainment industry. EDnet provides international networking services not only through its own private network, but through its managed gateway - EDlink - to other affiliated networks and off-network studios in over 200 cities.
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Norden
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