MPEG @ $0.20
InnovaCom Delivers Industry's First Under-$30K DVD Pre-Mastering Suite
SANTA CLARA, Calif.--(BUSINESS WIRE)--March 31, 1999--InnovaCom Inc. (OTC BB:MPEG), a Silicon Valley manufacturer of MPEG video compression systems for DVD and video Intranet transmission, Wednesday announced that it has begun shipping its $29,000 DVDimpact PreMastering Suite.
Among the initial shipments are those to InnovaCom authorized resellers Midtown Video in Florida, Cheong Jo Hi-Tech of Korea and Chou Technologies in Taiwan.
"The order commitments received from our new and existing customers validates our vision and the viability of our products in the emerging digital broadcast and IT markets," affirmed Frank Alioto, president and chief executive officer of InnovaCom.
"DVDimpact represents the most innovative system solution for DVD publishing in the industry," remarked Alioto. "This is a no-compromise solution. All of the tools that DVD developers need for pre-mastering are delivered into one package. In just a few short hours, users can publish in-house videos to DVD, saving thousands of dollars in outsourcing postproduction services." Alioto continued, "It's exciting that we were able to exceed our original design goals, and at a $29,000 price point now deliver the market's most cost-effective solution for DVD PreMastering."
DVDimpact, InnovaCom's flagship publishing system is targeted directly at multimedia studios and Fortune 1000 clients because of its high price performance value. DVDimpact is an all-in-one Windows NT solution incorporating a full suite of publishing tools required by today's DVD authors for premastering DVDs.
The DVDimpact's $29,000 price tag includes a 4:2:0 and 4:2:2 MPEG-2 video encoder, MPEG-2 decoder, PCM, MPEG and Dolby Digital Stereo audio with a basic editor, DVD Authoring Software, PaintShop Pro, a time base corrector with full proc amp controls and more.
DVDimpact is capable of controlling multiple external RS-232 and RS-422 devices, such as videotape recorders, digital disk recorders, and laser disk players. DVDimpact's powerful DVD authoring software enables advanced features such as motion menus, dual layer support, timed stills, regional coding, Dolby Digital karaoke mode and both analog and digital copy protection. Multi Camera Angle and Dolby Digital 5.1 encoding, MPEG editing for trimming and splicing MPEG files prior to authoring are also now shipping as upgrade options.
The DVDimpact user interface is as appealing as it is functional. It is designed to allow users to quickly and easily create DVDs. Users find the step-by-step interface entirely intuitive and minimum training is required. Typically, within two hours, users are up and running and well on their way to creating their own DVD titles.
"DVDimpact is engineered to provide cost savings to our customers while maintaining the power and performance customers demand," remarked Debby McDonald, InnovaCom's vice president of sales. "In addition, these new systems include programs and services available only to InnovaCom customers, including support programs, on-going training and a flexible lease program."
McDonald further commented, "InnovaCom is committed to helping users make the most of their DVD investment through technology-enhancing programs and services. Our warranty program is unmatched by other DVD systems manufacturers, and we have put together extended support programs designed to meet customer requirements." She emphasized, "Going beyond user expectation is what we will be known for and is a fundamental goal here at InnovaCom."
Every new DVDimpact is covered by a standard two-year parts and labor hardware warranty and training resources to maximize and protect customers' investment. In addition, InnovaCom makes the purchase of a new system easier with its leasing program, which includes innovative financing and a $1 end of lease buy-out.
InnovaCom's DVDimpact and TransPEG product lines can be seen at the upcoming NAB'99 Show in the Sand's Convention Center, at Booth S9171 from April 19-22, 1999.
InnovaCom is a Silicon Valley manufacturer of video compression based transmission and DVD Authoring Systems. The company's MPEG-2 based product line will target the digital television, communications and DVD authoring and production marketplaces. InnovaCom is located at 3400 Garrett Dr., Santa Clara, Calif., 95054. For more information, call: 408/727-2447; Fax: 408/727-6625 or visit the company's Web site at innovacom-mpeg2.com. For investor relations, call: 888/464-6764.
This news 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 and other periodic reports filed with the Securities and Exchange Commission. Readers should not place undue reliance on forward-looking statements, which only reflect the view 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 from time to time with the Securities and Exchange Commission.
CONTACT: CHAN & ASSOCIATES INC.
Robin Schnug, 714/447-4993
Fax: 714/578-0284
or
InnovaCom Inc.
Frank Alioto, 408/727-2447
Fax: 408/727-6625
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