"Tuesday March 20, 9:00 am Eastern Time
Press Release
Ampex Unit iNEXTV Signs Syndication Deal With MotorCities.com
MotorCities.com To Feature iNEXTV's Original Streaming Video Series ``Zero To 60 With Ted West''
INTERNET WIRE -- iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex:AXC - news), today announced it has signed a syndication agreement with MotorCities.com, Inc., a worldwide community of motoring enthusiasts, built by enthusiasts, for enthusiasts, to syndicate iNEXTV's original weekly streaming video series ZERO TO 60 WITH TED WEST to MotorCities.com's 210,000 unique visitors per month.
iNEXTV's ZERO TO 60 WITH TED WEST takes the viewer behind the wheel, as Ted West, award-winning contributor to Road & Track, test-drives all the cars you'd love to own. The market is bursting with exciting cars, and iNEXTV's ZERO TO 60 WITH TED WEST will help viewers make all the fine distinctions and right choices.
Following on the heels of iNEXTV's recent syndication announcement with CarTrackers.com, the agreement with MotorCities.com increases iNEXTV's distribution network and advertising inventory, while also providing added-value content to MotorCities.com and its users. Both companies will share revenue from advertising, generated from in-stream video commercials and banners associated with the programming.
Using iNEXTV's custom player window to serve the video, MotorCities.com will supply users with co-branded, interactive programming, which includes: iNEXTV's ZERO TO 60 WITH TED WEST, iNEXTV's CAR-RIZZMA, a daily show which looks at the most exciting, glamorous and sought-after cars in the world - including classic cars, collectibles and car-coolness of every kind; and iNEXTV's THE CAR SHOW, a daily show which allows viewers to test-drive the latest Ferrari, lap Monaco in a Grand-Prix car and talk racing with Stirling Moss.
Programming began earlier this month.
All programming is encoded, hosted and streamed via iNEXTV's custom player window streaming and advertising video interface. The player window utilizes Ampex's proprietary video technology to provide high quality video with multi-level advertising and branding opportunities. All of the programming is accessible to users of Microsoft Media Player (Nasdaq:MSFT - news) and Real Networks Real Player (Nasdaq:RNWK - news).
About MotorCities.com
MotorCities.com is a worldwide community of motoring enthusiasts, built by enthusiasts, for enthusiasts (A Worldwide Celebration of Motoring). It's a place where you can come to share pictures, videos, sound files, articles, technical advice, specs, etc. of your favorite vehicles with fellow enthusiasts around the world. Founded in June 1998, it is now one of the most visited auto enthusiast sites on the web. Our mission: to have at least one web page for every vehicle that has ever been produced in the history of this planet.
About iNEXTV
iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly-owned subsidiary of Ampex Corporation (Amex:AXC - news). iNEXTV and its subsidiary have a syndication network that reaches more than 20 million unique users via its distribution partnerships with AskJeeves, Juno, Qwest and ClassicCars.com among others. Headquartered in New York City, iNEXTV produces and syndicates original Internet video programming from its production facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, exotic travel, fashion, automotive and entertainment - showcasing iNEXTV's superior streaming technology with content. For more information about iNEXTV and its programming, syndication and advertising offerings, please visit us at www.iNEXTV.com.
(Minimum requirements to view iNEXTV webcasts: RealPlayer® software, available for free download at www.real.com and at least a 28Kbps connection to the Internet, but 56Kbps is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com.)
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations, risks affecting the Company's Internet strategy and ability to obtain additional distribution, uncertainty as to the timing or terms of any sale of Data Systems and other risks mentioned in the Company's 1999 Annual Report on Form 10-K filed with the SEC, its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2000, June 30, 2000, September 30, 2000, and its 2000 Annual Report on Form 10-K, which is expected to be filed shortly.
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Contact:
Jocelyn Brandeis
iNEXTV
212-735-1038
jocelyn@iNEXTV.com
Karen Dexter
Ampex Investor Relations
650-367-4111
investor@ampex.com
Chris Lydiksen
MotorCities.com
801-792-1882
Chris@MotorCities.com"
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