Purchase order announced:
FOR IMMEDIATE RELEASE
TERAGLOBAL COMMUNICATIONS CORP. ANNOUNCES PURCHASE ORDER FROM CINETECH LABS
May 27, 1999
NASD-BB "TGCC"
TERAGLOBAL Announces Cinetech's Initial Purchase Order
San Diego, California. TERAGLOBAL Communications Corp. is pleased to
announce receipt of an initial Purchase Order from Cinetech Labs, an
industry leading film restoration and preservation company. Under the
Purchase Order, TERAGLOBAL will provide a full suite of TERAMEDIA
multimedia digital communications and collaboration technology services
(which were developed under the code name of TERACOM). The initial service
agreement is valued at approximately $1,100,000 over three years.
"We are delighted to announce this initial Purchase Order from a leader in
the Motion Picture Industry which is one of our target markets," said David
Fann, Chief Executive Officer and Director of TERAGLOBAL.
TERAGLOBAL and Cinetech Converge On Voice, Video, Data (VVD)
Under the terms of the purchase order TERAGLOBAL will begin providing
TERAMEDIA services including 2-way, real-time voice and video, and data
networking. TERAMEDIA's innovative design provides clients, such as
Cinetech, with a secure, private Asynchronous Transfer Mode (ATM) based
high-speed communications and collaboration network. The TERAMEDIA services
include a suite of network savvy collaboration applications, which will
enhance Cinetech's recognized information systems leadership.
"Applying TERAMEDIA services to Cinetech's film and video workflow
demonstrates our passion for customer service through innovation," said
Sean Coughlin, President of Cinetech Labs of Burbank, California. TERAMEDIA
point-to-point and point-to-multipoint (or broadcast mode) live, 2-way
video collaboration services will reduce travel and increase productivity
for Cinetech. "I can use a TERAMEDIA workstation to reach my entire
company, have a one-on-one conversation with someone on my staff, and
ultimately be face to face with one of my clients in seconds." Mr. Coughlin
explained. Interactive white boards, network-based content creation tools
and contact management services will enable Cinetech's artists, technicians
and engineers to quickly form collaborative groups, regardless of their
location.
Collaboration Goes To Hollywood
"Los Angeles is known for it's trafficŠ" said Coughlin, "and a meeting
today means everyone jumps into cars, fights the gridlock and looks for
parking." TERAMEDIA services were developed specifically for organizations
that need to take the "distance" out of commuting, collaboration or
training/learning. A "TERACAST" can bring together from several people to
potentially several thousand, with a single click on a group address name
in TERAMEDIA's Contact Manager. Using TERAMEDIA is faster than dialing the
phone and you never have to leave your files, or other resources behind.
TeraMEDIA is a Communication Service
TERAMEDIA is a communications service that provides everything needed for
communications and collaboration, under a single Service Agreement.
TERAGLOBAL provides complete service and support of the communications
network, unlike existing network competitors that sell individual hardware
and software components that become obsolete. "When you buy a
hardware-based compressor/decompressor (CODEC) or any other electronic
equipment, you are buying a 'snapshot' of technology at that moment," said
Grant Holcomb, TERAGLOBAL's Chief Technology Officer. TERAGLOBAL's
innovative approach provides media-rich services, without the costs of
owning, maintaining, upgrading and depreciating capital equipment.
CINETECH LABS (www.cinetech.com) is the industry leading full-service film
preservation laboratory. The Company maintains the premier film
preservation laboratory, with patented technologies and processes. Cinetech
Labs provides a variety of state-of-the-art services, including film
element inspection, continuous immersion contact and wet-gate optical
printing, and film processing. Cinetech Labs' renowned reputation
throughout the motion picture industry has made it the primary choice for
restoration and preservation of some of the most cherished films in
cinematic history, including "The Wizard of Oz", "Easy Rider", "In the Heat
of the Night", "Mr. Deeds Goes to Town", and many more. Cinetech's clients
include MGM, Pixar Studios, Sony Pictures Entertainment and Paramount
Pictures.
TERAGLOBALTM COMMUNICATIONS CORP. (www.teraglobal.com) is a communications
technology company with existing products and products under development to
fulfill wide market needs. The Company is currently introducing a group of
communications technology products and services that include the hardware,
software, connectivity, network, and advanced compression technology
necessary to deliver real time, point-to-multipoint interactive multimedia
communications solutions. The products have been described as revolutionary
in their ability to transform the telemedicine, distance training, distance
education, and corporate and organizational communications landscape.
For further information contact:
Darren Seed E-Mail dseed@teraglobal.com
Susan Wilson E-Mail swilson@teraglobal.com
TERAGLOBAL Sales E-Mail sales@teraglobal.com
Website www.teraglobal.com
Telephone: 619.231.0555
Facsimile: 619.232-9454 |
