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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (1176)	4/12/2000 1:20:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 1860

[Winstar and MediaOnDemand.com Form Strategic Alliance; Partnership to Focus on Reciprocal Business Development Components] NEW YORK, April 12 /PRNewswire/ -- MediaOnDemand.com, a leading streaming multimedia application service provider (ASP), today announced a new strategic relationship with Winstar Communications, Inc. The alliance includes both an operating agreement by which the two companies will capitalize on their respective strengths to generate new business opportunities as well as a $1 million direct investment in MediaOnDemand.com by Winstar. Under the new business agreement, Winstar will offer MediaOnDemand.com's full range of streaming multimedia and broadcasting services to its clients, providing them with a single-source solution for custom-designed Webcast creation as well as content delivery. The arrangement also enables MediaOnDemand.com to utilize Winstar's backbone and colocation facilities for hosting and delivering streaming multimedia solutions to select clients, providing them with additional high-bandwidth resources and access to Winstar's global network. MediaOnDemand.com will use the direct investment from Winstar to continue its ongoing expansion. Charles Saracino, president and CEO of MediaOnDemand.com, said of the new agreement, ``We're very excited about providing Winstar with our comprehensive streaming multimedia solutions. Their investment is a solid endorsement of the quality and range of our services and expansion plans.' Roger Pilc, vice president and general manager of Internet and Hosting Services for Winstar, elaborated, ``We're very impressed with MediaOnDemand.com and its innovative integration of multimedia with streaming content. This arrangement enables us to add valuable new offerings to our comprehensive portfolio of broadband services.' About MediaOnDemand.com Headquartered in New York City, MediaOnDemand.com (http://www.mediaondemand.com) is a leading streaming multimedia application service provider (ASP) that creates comprehensive solutions for Fortune 500 clients and other high-profile public and private entities. Privately held and funded, the firm was launched in 1992 and possesses deep background in broadcasting technology. Clients include the American Stock Exchange, Lehman Brothers, McGraw-Hill Companies, Inc., Merrill Lynch, Nasdaq Stock Market and PricewaterhouseCoopers.