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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Neil S who wrote (635)	6/3/1998 8:35:00 AM
From: Neil S	Respond to of 4808

NEWS: MountainGate Goes Independent RENO, Nev.--(BUSINESS WIRE)--June 2, 1998--MountainGate has announced the completion of financial agreements with all outstanding shareholders in the company, making the company completely independent and employee-owned. Glenn Williamson, president of MountainGate, said, "The past two years have seen dramatic changes in the entertainment industry, and I'm now convinced more than ever that we chose the right direction. "Our focus on solutions for broadcast and post production has resulted in the solid financial foundation that has allowed us to make this move. It is a good move for the industry as a whole because it is going to see more of the same kind of innovative product development that we have been able to deliver in the last year." MountainGate, operating as an independent, employee-owned company, will continue to focus on development of centralized networking and storage solutions for the broadcast and post production industries. Having recently added the new CentraVision(tm) File System and CentraVision MPIRE(tm) (Multi Purpose Image Resource Engine) to its line, the company plans to further expand on its CentraVision Fibre Channel Network and Storage solutions while building its market share as the demand for proven Fibre Channel solutions continues to expand. MountainGate Background: MountainGate has over 20 years of experience in developing and providing storage solutions. In 1996 the company acquired Recognition Concepts Inc. of Carson City, Nev., and entered the market for uncompressed video and real-time digital video disk recording. CentraVision, launched by MountainGate in 1997, is a state-of-the-art Fibre Channel network solution designed and optimized for broadcast and post-production, allowing multiple workstations to capture, access, and share video data throughout a facility on the fastest network available. MountainGate has recently expanded the CentraVision family with the CentraVision File System -- a new file system that overcomes the limitations of existing computer file systems for working with large video and film files in shared environments -- and CentraVision MPIRE (Multi Purpose Image Resource Engine) -- a modular concept, and a product combination that takes the place of multiple VDRs by providing virtually unlimited storage and allowing concurrent shared access to source materials via multiple vTAPEs (Virtual Tapes). MountainGate, an employee-owned company, has provided industry-leading storage products for more than 20 years. Today, the company develops products specifically for the broadcast and entertainment industries, applying its expertise to deliver complete solutions for the storage and management of images in the digital video realm. The accelerated migration of the motion picture, broadcasting, and publishing industries from analog to digital formats demands innovative methods of editing, transporting, and storing large volumes of data. MountainGate's CentraVision system solutions are at the forefront of this digital revolution, providing a complete family of Fibre Channel products that include a file system manager, a Multi Purpose Image Resource Engine (MPIRE), client software, disk arrays, network adapters, switches, hubs, and software. MountainGate's headquarters and manufacturing facility is in Reno, with assembly, test, service and support for the European Community from Torino, Italy. The company sells through a worldwide dealer network. For sales and distribution information, contact MountainGate at 702/851-9393 or 800/556-0222, or send e-mail to sales@mountaingate.lmco.com. Detailed company and product information is available on the World Wide Web at www.mountaingate.com. --30--ahc/sf* ari/sf CONTACT: MountainGate Terese Parrish, 702/851-6202 marketing@mountaingate.lmco.com or Wall Street Communications Chris Lesieutre, 801/533-2669 cles@wallstcom.com