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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV -- Ignore unavailable to you. Want to Upgrade?

To: Jor-El who wrote (2771)	7/6/1999 11:16:00 AM
From: KS	Read Replies (1) \| Respond to of 2843

July 06, 1999 10:36 Wavo Corporation Joins Secure Digital Music Initiative; Wavo's JamCast Entertainment Portal to Deliver Secure Digital Music PHOENIX, July 6 /PRNewswire/ -- Wavo Corporation (Nasdaq: WAVO) announced today that it has joined the Secure Digital Music Initiative (SDMI). The SDMI includes more than 100 companies from the music, consumer electronics and information technology industries who have joined together to adopt a specification for the secure distribution of digital music. Artists and music companies can now prepare for widespread electronic and digital release of the music that consumers want, confident that their rights will be respected. "We are very pleased to become a member of the Secure Digital Music Initiative and applaud the group's fast progress in defining standards for the secure distribution of digital music," said David E. Deeds, Chairman, President and CEO of Wavo Corporation. "We believe that this initiative will help to strengthen the market for digital music and create tremendous opportunities for our company with the upcoming release of JamCast." JamCast provides music fans and computer game enthusiasts with an enhanced web experience by supplementing the www.jamcast.com entertainment portal with a continuous broadcast of entertainment files via IP multicast and over the television airwaves. Wavo's technologies ensure the reliable IP multicasting of entertainment files to PC's and to television set-top boxes. By also providing a scalable solution, JamCast not only offers a better solution than typical streaming media for today's dial-up consumers, but also takes advantage of the continuing growth of broadband access to the home. According to Jupiter Communications, "digital distribution will emerge before streaming media as a viable revenue model for labels, due to its portability as well as consumer proclivity to own music". According to Gary Arlen, President of Arlen Communications, Inc. a Bethesda, MD research company specializing in interactive media, "Industry standards like SDMI are critically important to consumer acceptance of new technologies, including digital music. Consumer demand for this type of entertainment content has taken a lot of people by surprise. With standards like the SDMI's in place, that demand will only accelerate as music moves beyond the PC to the television set-top box." JamCast will facilitate electronic commerce by allowing music and game vendors to offer "try and buy" programs. The growing popularity of purchasing music, games, and other digital content over the Web will create great revenue opportunities for JamCast and its partners. JamCast is scheduled to launch on September 1, 1999. Users can preregister at www.jamcast.com today and will qualify for a weekly drawing to win a Diamond Rio portable digital music player. ABOUT WAVO CORPORATION Wavo Corporation (Nasdaq: WAVO) is in the business of moving media. It partners with the foremost providers of news, business data, Internet based content and multimedia programming to deliver selective intelligence and quality content to an information-dependent society. Additional information on Wavo is available via the Internet at www.wavo.com. ABOUT SDMI The Secure Digital Music Initiative brings together the worldwide recording industry and technology companies to develop an open, interoperable architecture and specification for digital music security. The specification will answer consumer demand for convenient accessibility to quality digital music, enable copyright protection for artists' work, and enable technology and music companies to build successful businesses. Additional information about SDMI can be found at www.sdmi.org. Certain of the above statements regarding Wavo 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 Wavo's SEC filings. SOURCE Wavo Corporation /CONTACT: Media: Patrick Ford, Senior VP Marketing and Product Development, 602-952-5500 ext. 360, pford@wavo.com, or Investor Relations: Jennifer Schreier, 602-952-5500 ext. 239, jschreier@wavo.com, both of Wavo Corporation/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 107524/ /Web site: jamcast.com /Web site: sdmi.org./ /Web site: wavo.com (WAVO)