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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: vasco soares who wrote (6096)	3/23/1999 12:39:00 PM
From: DiViT	Read Replies (2) \| Respond to of 6297

Sounds like old times. Stock drifting down so announce an agreement... InnovaCom Announces Dealer Agreement With Florida-Based Midtown Video 03/23/99 Business Wire (Copyright (c) 1999, Business Wire) SANTA CLARA, Calif.--(BUSINESS WIRE)--March 23, 1999--InnovaCom, Inc., (OTC BB:MPEG), a Silicon Valley manufacturer of video compression based transmission and DVD authoring systems, announced today the addition of Midtown Video of Miami as an authorized dealer. Under the terms of the agreement, Midtown Video will be the exclusive InnovaCom dealer for southern Florida. Midtown Video will represent the DVD Authoring line as well as the TransPEG line of products. InnovaCom has become a primary force in developing technology for various video applications. The company has expressed confidence in Midtown Video President Ken Miller to grow its customer base in the respective areas the dealership will cover. "Ken (Miller) and his staff have an exciting energy when it comes to new digital products," states Ian Weingold, InnovaCom North American Sales Manager, "It was clear after our first meeting that Midtown Video was the type of dealership that InnovaCom was looking for in DVD Authoring and the emerging business of Enterprise Video Transmission over Ethernet and ATM Networking." The DV5000, DVD Authoring Suite is a complete MPEG-2 encoding, software editing of MPEG files and DVD authoring system. It supports all MPEG-2 formats -- ranging from SIF to full D1. Additionally, it accepts a variety of video sources with frame accuracy. The DVD Authoring Suite permits external VTR control and optionally supports a DVD -R writer or DLT tape writer for output. The software includes MPEG-2 encoding software, MPEG-2 non-linear editing software, as well as a complete DVD authoring package. Midtown Video is a leading digital video technology vendor. Contact Ken Miller at: 4824 S.W. 74th Court, Miami Fl 33155. Phone: 305/669-1117, Toll Free 800/232-4564, Fax: 305/662-2860, Web Site: www.midtownvideo.com. Contact InnovaCom, Inc. at 3400 Garrett Dr., Santa Clara, CA 95054. Phone: 408/727-2447, Investor Relations 888/464-6734, Fax: 408/727-6625, Web Site: www.innovacom-mpeg2.com. This press release contains forward looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under "Risk Factors" in the company's registration statement on Form SB-2, which was declared effective by the Securities and Exchange Commission on May 5, 1998. Readers should not place undue reliance on these forward-looking statements, which reflect only the views of management as of the date hereof. The company does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the company files periodically with the Securities and Exchange Commission. Contact: CONTACT: InnovaCom, Inc. Frank Alioto, 408/727-2447 or Chan & Associates, Inc. Renee Pardovich, 714/447-4993 06:05 EST MARCH 23, 1999