IMHO this is Huge News !!!
The business to business component of ON2 is by far the most lucrative...
Agreement Enables the Development of the First Broadband Travel Web Site
Enabling Television-Quality Videos
NEW YORK, Feb. 9 /PRNewswire/ -- On2.com Inc. (ASE: ONT), a leader in
broadband content delivery over the Internet, and United Airlines, an
e-commerce leader in the airline industry, today announced a strategic
alliance to co-develop and market the first travel Web site featuring
television-quality travel videos in addition to providing consumers with
helpful travel information and e-commerce capabilities.
Under the terms of the agreement, On2.com and United will develop and
co-market travel content and e-commerce capabilities on the On2Network.
United will help facilitate strategic travel industry advertising, marketing
and content partners. As On2 refines its travel content and product
offerings, the companies will explore collaborative efforts in the development
of additional online content and purchasing features for broadband-enabled
consumers.
"Partnering with marquee brands like United Airlines is an important step
as we expand the broadband On2Network," said Dan Miller, Founder, President
and CEO of On2.com. "On2's strategic relationship with United will prove
invaluable as we develop travel-specific content and related advertising and
e-commerce revenue streams. We are delighted to be working with United in the
development of our broadband travel content and business applications, and we
will continue to look for strategic alignments of this caliber as we rapidly
expand the offerings of On2.com."
"The broadband Internet is a rapidly expanding frontier for the travel and
e-commerce industries, enabling consumers to utilize the most advanced
technologies in planning and purchasing their travel online," said Michael
Cavanaugh, Director of Strategic Planning, Marketing and Sales at United's
e-commerce division. "On2 is a recognized leader in providing online
consumers with broadband video content and delivery, with an eye toward the
future. We see our alliance with On2 as an investment in a new medium with
limitless potential. Our agreement with On2 is another milestone in United's
strategy of entering into innovative partnerships to develop products that
meet the needs of our online customers."
Additionally, United will take an equity interest in On2. Terms of the
agreement were not disclosed.
The agreement follows United's recent announcement of its plans to launch
an e-commerce subsidiary dedicated to maximizing the sale of travel products
over the Internet. The new subsidiary is expected to help United aggressively
compete in the burgeoning online travel industry through dedicated resources
focused on integrated e-commerce opportunities that enhance online revenues.
About On2.com Inc.
On2.com Inc. (Amex: ONT) is a world leader in delivering full-screen,
full-motion, television-quality video over the Internet. Leveraging its
groundbreaking technology -- TrueMotion VP3(TM) -- On2 is developing a
revolutionary entertainment network that is changing the way consumers
experience the Web. On2Movies, the first channel in the On2Network, features
high-quality original programming as well as content from major studios,
independent filmmakers and short film producers. In 2000, the On2Network will
expand to include destinations devoted to subjects such as music, travel,
games, and sports. Headquartered in New York City's Tribeca Film Center in the
heart of Silicon Alley, On2 is located at 375 Greenwich Street, New York, NY
10013 and can be reached at 212-941-2400 or info@on2.com. Investor inquiries
should be sent to invest@on2.com. More information is also located at
on2.com.
About United Airlines
United Airlines is the largest air carrier in the world and the largest
majority employee-owned company, offering more than 2,300 flights a day to
135 destinations in 27 countries and two U.S. territories. It is an industry
innovator withbreakthroughs such as E-Ticket(SM) Service, Airport Gate
Readers, The Chariot(SM) mobile airport podium, United Shuttle, and the
introduction of the technologically advanced Boeing 777. More information is
available at ual.com.
This release contains statements that constitute forward-looking
statements within the meaning of section 27A of the Securities Act of 1933 and
Section 21 of the Securities Exchange Act of 1934 and are subject to the safe
harbor provisions of those sections and the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risk
uncertainties including those described in our filings with the SEC, and that
the actual results or developments may differ materially from those in the
forward-looking statements as a result of various factors. We have based
these forward-looking statements on information currently available and
disclaim any intention or obligation to update or revise any forward-looking
statement.
SOURCE On2.com Inc.
-0- 02/09/2000
/CONTACT: Cindy MacKenzie, Vice President, Communications, of On2.com,
212-941-3808, or West coast, 510-558-1731, cindy@on2.com; Technology - Amy
Pickering of Imagio Public Relations, 206-625-0252, amy@imagio.com, for
On2.com; Investors - Ryan Barr of Brainerd Communicators, Inc., 212-986-6667,
barr@braincomm.com, or Financial - Ann Travers of Brainerd Communicators,
Inc., 212-986-6667, travers@braincomm.com, for On2.com; Kurt Ebenhoch, Media
Relations Manager of United Airlines, 847-700-1745, kurt.ebonhoch@ual.com; or
Technology - Jill Schmidt of S&S Public Relations, 847-955-0700,
jills@sspr.com, for United Airlines/
/Web site: on2.com
(ONT)
CO: On2.com Inc.; United Airlines
ST: New York
IN: MLM AIR
SU: JVN
RB
-- NYW044 --
6000 02/09/2000 08:00 EST prnewswire.com |
