To: LLCF who wrote (9212 ) 1/9/2000 9:23:00 PM From: Pamela Murray Respond to of 18366
from RB: VedaLabs Announces the Scheduled Release of AudioVeda 3.0- the world's only ePAC Player/Encoder/Jukebox January 15, 2000 (Baton Rouge, LA) - VedaLabs, Inc. announces the release of AudioVeda 3.0, the world's only ePAC player/encoder/jukebox. The AudioVeda Player/Encoder/Jukebox uses Lucent Technologies' (NYSE: LU) ePAC file format to compress Internet music at a rate of 11 to 1, delivering the highest quality Internet music in the industry. Users will be able to retrieve, store, catalog, and play music on their computers. ePAC is based on the Lucent Perceptual Audio Coder (PAC), the highest-quality digital audio codec in the industry. The AudioVeda Player/Encoder/Jukebox will also continue to play and support the popular MP3 file format. ePAC is a new version of the Lucent Perceptual Audio Coder (PAC) developed by Bell Labs, the research and development arm of Lucent Technologies. PAC is an audio compression algorithm with the highest-quality audio at the lowest bit rates. At 128 kilobits per second, ePAC offers CD-transparent stereo sound. "We have continued with our quest in providing the internet community with the best possible product for music over the web. At this point in time we are at least six months ahead of our competition. We have even more advances planned for our software." says VedaLabs President, Jason Hewitt. A free version of the AudioVeda Player/Encoder/Jukebox can be downloaded at audioveda.com . A more robust version can also be purchased for $19.95, a discount from the $29.95 retail price. "We will continue to provide a free version of our software and will only charge for the upgrade." Lucent's New Ventures Group is a founding member of the Secure Digital Music Initiative (SDMI), the worldwide recording industry's effort to develop an open, secure access system for digital music. VedaLabs, Inc. is based in Baton Rouge, LA and currently develops software, hardware and retail platforms for the delivery of compressed audio. VedaLabs, Inc. also provides encoding and ditribution service for audio over the internet, inlcuding music and speech. Its websites include vedalabs.com, audioveda.com, and fastsongs.com (retail website). For more information on VedaLabs, Inc., visit our Web site at vedalabs.com . For investment opportunities, please e-mail investors@vedalabs.com or call Jason Hewitt at 225-343-7003 Lucent Technologies (NYSE: LU), headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit the Web site at lucent.com .