Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Visual Data (VDAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fundamentls who wrote (80)	1/31/1999 9:19:00 PM
From: nord	Respond to of 405

VDAT is IMO a momentum stock an internet play and a tech stock. Digital broadcast storage real time video streaming on demand. It reminds me of the early days of the wire services like AP UPI then the tv NBC CBS except they are run by former tv execs with the mind set of a business and advertisement[pr] firm. PR Newswire Chooses Visual Data And Its EDnet SubsidiaryTo Provide Live Worldwide Internet Broadcast Solution POMPANO BEACH, Fla., Jan. 7 /PRNewswire/ -- Visual Data Corporation (Nasdaq: VDAT), today reported that PR Newswire, the world's largest distributor of news releases to the media and financial community, has expanded its partnership with Visual Data and its majority-owned subsidiary, EDnet, Inc. (OTC Bulletin Board: DNET), to provide PR Newswire's 33,000 customers with live audio and video event broadcast capabilities via the Internet. (See the Video News Wire version of this announcement directly on the Internet at videonewswire.com ) "Visual Data's worldwide network of professional camera crews, combined with EDnet's worldwide high speed data networks, will provide PR Newswire's clients with a cost-effective real time broadcasting solution that can be deployed on short notice and reach millions of viewers," said Randy Selman, President and CEO for Visual Data. "Ultimately, it will provide their clients with a start-to-finish set of solutions for their audio and video creation, broadcast and distribution needs." Visual Data is already PR Newswire's exclusive provider of its Video News Wire service. EDnet's experience in high speed telecommunications has made it the leading audio company in the motion picture industry. Recent productions using EDnet's services include James Cameron's "Titanic," Steven Speilberg's "Saving Private Ryan," Pixar's "A Bug's Life" and Disney's "Mulan," to name a few. Other clients include Capitol Records, Sony Entertainment and the Family Channel. EDnet's Chief Technical Engineer, Tom Scott, a five-time Academy Award winner, stated, "As a result of this partnership, we will be providing PR Newswire's clients with the same type of high end communications services once available only to our Hollywood clients. As importantly, it is now available at a fraction of the cost they would have previously had to pay. Working together as a team, PR Newswire, Visual Data and EDnet have the unique ability to provide an end-to-end audio and video solution, from original creation to transmission, storing and serving." PR Newswire is the world leader in the electronic distribution of full-text news releases to the media and financial community. With 28 bureaus across the United States and five overseas bureaus in Frankfurt, Sao Paulo, Paris, Hong Kong and London, PRN serves the news release needs of public relations and investor relations professionals worldwide. EDnet is a systems integrator and network service provider, specializing in the transmission of high-quality digitized audio and video over wide area networks (WAN) as well as providing both live audio and live video broadcasting worldwide via the Internet. Visual Data Corporation, founded in 1993, specializes in the production, marketing and distribution of full-motion visual information via the Internet and various media including interactive television. The Company develops full-motion video libraries containing short concise vignettes relating to various topics, including travel, education, business, health, fitness, medicine and consumer products. This press release contains forward-looking statements which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission. SOURCE Visual Data Corporation