To: wayne who wrote (6318 ) 2/19/1999 9:59:00 AM From: Aaron Lee Read Replies (1) | Respond to of 11130
lance, you and your BIG TYPE . . . :) im in more news on hsns coming off nice levels Friday February 19, 9:13 am Eastern Time Company Press Release High Speed Net Solutions Announces Development of the First Worldwide Interactive Broadcast Network, WorldTalkNetwork.com DAYTONA, Fla.--(BUSINESS WIRE)--Feb. 19, 1999--High Speed Net Solutions (OTC:HSNS - news) has begun development of the world's first interactive, web based, broadcast network in conjunction with privately held, 186K.Net, a full service, web hosting and design facility based in Boca Raton, Florida. President Michael Cimino commented, ''our objective is to develop multiple revenue streams and strategic market objectives while providing viewers on the web worldwide with a unique, never before realized, interactive experience, covering a multiple of programming interests. Our proposed initial interactive channels on the network will include investment, sports, music, entertainment, religion, long distance learning, along with personality based talk programming. Based on requests from clientele we could add, modify, delete or expand channels as the market dictates. Broadcasters can opt to enjoy extremely low production costs since a client can broadcast from virtually anywhere without the traditional costs associated with television production and program distribution. ''Our initial sales approach in one respect is similar to television stations; we will charge a fee to cover internal costs for each half hour of broadcast and production time purchased. Unlike traditional television stations we will also ask for a percentage of sales on program access fees, products or advertising sold within the programming. We will charge additional fees for archiving programming along with creating, managing, and marketing to data bases. Our network will allow broadcasters to know who watched and how to contact them for the purpose of future programs or increased sales revenue. We do not plan on producing programming internally. HSNS will focus on sales while 186K.Net will focus on broadcasting and coordinating the technical aspects. We are in the process of pre-selling clients for the service while we construct the network. ''We have a unique market advantage due to our access to technology that other well known content providers don't have. We have rights to utilize and distribute Summus' technology and an ownership interest in the firm. Summus is continually breaking new ground, their first generation streaming performance is superior to the current industry standards. Every month the underlying technology continues to improve. Furthermore, we are about to release version 2.0 of their video electronic mail which offers full audio and video synchronization on machines 266 MHz or faster, and a unique feature of re-processing on machines even slower. Both technologies when applied to program content can provide a new experience of interaction for customers worldwide. Those that watch and interact with the network's programming will need a PC camera, a PC, 28.8 BPS or faster modem, a telephone line (POTS), and the Summus version 2.0 video electronic mail software. ''We will also utilize the network to develop no or low cost retail and commercial sales leads for High Speed Net Solution's product line. This includes streaming video, still image compression for the Internet, compression for medical imaging, set top boxes, Windows CE type devices, storage capacity, along with video electronic mail.'' For further information contact Michael Cimino at mcimino@hsns.com, or 904/212-0878.