To: Denison Jr who wrote (32248 ) 1/12/1999 9:44:00 AM From: Auricman Read Replies (1) | Respond to of 34592
Today's news on VCR To: +Ernie Miller (355 ) From: +christopher Tuesday, Jan 12 1999 9:24AM ET Reply # of 356 More Good News... Tuesday January 12, 7:00 am Eastern Time Company Press Release Sensory Science Corporation Announces Strategic Alliance to Develop and Market MP3 Products With Saehan Information Systems Companies to Join Marketing and Technology Strengths to Aggressively Pursue Rapidly Developing Market for Internet Music Delivery and Playback Systems SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 12, 1999-- Continuing to build a unique position in the rapidly growing market of Internet content delivery and playback systems, Sensory Science Corporation (formerly Go-Video), (Amex:VCR - news) today announced a strategic marketing and product development alliance with Saehan Information Systems, one of the world's leading developers of MP3 technology products. Under the terms of the agreement, the two companies will work together in developing an exclusive line of portable digital recording and playback products designed for use with the World Wide Web. ''This alliance culminates months of work between our two companies and should allow us to begin bringing to market a string of unique products for the very lucrative and expanding Internet music delivery and playback systems market,'' said Roger B. Hackett, chairman and CEO of Sensory Science. ''This agreement, coupled with our recently announced alliance with GoodNoise Corporation, further strengthens our position on the Internet and has provided us with a strong platform for growth in this marketplace.'' Saehan Multimedia Director Soon Jo Yoon said, ''Go-Video, now Sensory Science, is a well known and respected company for their success with their Dual-Deck VCR and digital televisions. Their unique marketing and development skills made them our number one choice as a partner in North America. We are thrilled to complete this agreement and to start delivering a line of exciting new products.'' Saehan Information Systems was the first company to develop and introduce a portable digital audio player suitable for high quality music using the MP3 file format. MP3 means Layer 3 of the MPEG-1 international compression standard. The MPEG audio encoding technique can reduce the size of an audio file by a factor of twelve while maintaining CD-like sound quality. Files compressed in this manner are referred to as MP3 files. ''This relationship is exciting not only because it allows us to introduce new MP3 audio products in the short term, but enables both companies to jointly develop other Internet-delivered audio/video recording products. While respecting applicable copyright regulations, these are truly products that will help revolutionize the way people will both think about and use audio/video recording playback devices,'' Hackett added. On January 7, 1999, Sensory Science announced it has entered into a strategic alliance with GoodNoise Corporation (Nasdaq OTC: GDNO - news). Under the terms of the agreement, GoodNoise, which is the Internet's leading seller of music in the PM3 format, will provide Sensory Science with sample music to be bundled with these devices. In addition, GoodNoise and Sensory Science will offer users a co-branded music store on the Sensory Science website (www.sensoryscience.com) so that users can purchase music in the MP3 format at the same time they purchase the pocket-sized music player of the Dual-Deck CD-R. GoodNoise will also resell and promote the pocket-sized music player and Dual-Deck CD-R on its downloadable music website at www.goodnoise.com. Saehan Information Systems is part of the Saehan Group, one of Korea's top 30 companies and one of the country's most successful. Saehan Media, a sister company, is one of the world's largest suppliers of magnetic media. Sensory Science Corporation (formerly Go-Video) is a diversified consumer electronics company specializing in developing and marketing innovative analog and digital audio and video products. The company holds patents on the Dual-Deck VCR as well as other electronics products and systems and is expanding into new product categories to take advantage of the industry transition from analog to digital technologies. The company recently became the first to offer a full line of digital direct view televisions in North America with the introduction of the Loewe brand of televisions. For additional information on Sensory Science via facsimile at no cost, simply call 1-800-PRO-INFO and enter code ''VCR.'' Contact: Sensory Science Corporation Edward J. Brachocki, 602/998-3400 or Financial Relations Board 310/442-0599 Haris Tajyar (General Info) Eileen Morcos (Analyst Contact) Michaelle Burstin (Media Contact) More Quotes and News: Go-Video Inc (AMEX:VCR - news) GoodNoise Corp (OTC BB:GDNO - news) Related News Categories: computers, entertainment, internet, retail Help Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?