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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Nutbuster who wrote (6208)	6/15/1999 2:25:00 PM
From: Brendan A. Gallehr	Read Replies (1) \| Respond to of 6297

Tuesday June 15, 6:01 am Eastern Time Company Press Release Latin American Integrator Strikes Deal with InnovaCom to Utilize TransPEG Products SANTA CLARA, Calif.--(BUSINESS WIRE)--June 15, 1999--InnovaCom Inc. (OTC BB: MPEG - news), a Silicon Valley manufacturer of MPEG-2 video compression systems, Tuesday announced that Cricon International Business Inc., a network systems integrator based in Ft. Lauderdale, Fla., has selected InnovaCom's TransPEG(TM) line of products to integrate into high-speed system networks. Cricon plans to imbed InnovaCom's products into various networks throughout Latin America to meet its clients' video communications needs. ''InnovaCom's products have an impressive reputation in the United States and we anticipate the same response in Latin America,'' asserted Oscar Florez, International Vice President at Cricon International. ''We have several clients who will greatly benefit from InnovaCom's cutting-edge product line.'' InnovaCom's TransPEG family of products is designed to facilitate MPEG-1 and MPEG-2 video transmission over Native ATM/LANE, Fast Ethernet and T1/E1 based networks. Straightforward integration of TransPEG's hardware and JAVA based user interface allows users to enhance return on network investment through shortened implementation times, acceleration of learning curve and reduction of maintenance costs. ''We are pleased that Cricon International has selected TransPEG for their customers and expect our products to be well-received in the Latin American markets,'' commented Debby McDonald, Vice President of Sales at InnovaCom. Cricon International Business is a systems integrator based in Ft. Lauderdale. Cricon, incorporated in 1992, also has headquarters in Santa Fe de Bogota, Colombia, and its target markets include the United States, South America and the Carribean. Their team includes skilled and experienced professionals with strong backgrounds in the corporate arena, as well as international trade. For more information on Cricon International Business, contact Oscar Florez, International Vice President at 954/749-3161 or via email at oflorez@ibm.net. InnovaCom is a Silicon Valley manufacturer of video compression based transmission and DVD PreMastering Systems. The company's MPEG-2 based product line targets the digital television, communications and DVD production marketplaces. InnovaCom is located at 3400 Garrett Drive, Santa Clara, Calif., 95054. For more information, call 408/727-2447 or fax 408/727-6625 or visit the company's Web site at www.transpeg.com or www.dvdimpact.com. For Investor Relations information, call 888/464-6734 or email: investorinfo@transpeg.com. This news release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under ''Risk Factors'' in the company's registration statement on Form SB-2. Readers should not place undue reliance on forward-looking statements, which only reflect the view of management as of the date hereof. The company does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the company files from time to time with the Securities and Exchange Commission. Contact: CHAN & ASSOCIATES INC. Robin Schnug, 714/447-4993 Fax: 714/578-0284 or InnovaCom Inc. Frank Alioto, 408/727-2447 Fax: 408/727-6625 or Cricon International Oscar Florez, 954/749-3161 Fax: 954/749-3385