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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (6341)	4/13/1999 9:41:00 AM
From: whitephosphorus	Read Replies (1) \| Respond to of 52051

liberty increases ACTV investment Tuesday April 13, 7:28 am Eastern Time Company Press Release Liberty Media Increases Investment in ACTV, Inc., Strengthening Key Partnership NEW YORK and ENGLEWOOD, Colo.--(BUSINESS WIRE)--April 13, 1999-- Liberty Media Group (NYSE:LMG.A - news, LMG.B - news) and ACTV, Inc., (NASDAQ:IATV - news) today announced an agreement in principle whereby Liberty will invest an additional $9 million in ACTV, Inc., by exercising previously existing options and purchasing additional common stock. In addition, Liberty will receive new options in ACTV, Inc., which it may exercise over a period of one-to-five years. If these options are fully exercised, Liberty's investment in ACTV, Inc., will total more than $100 million, representing an estimated 25 percent interest in the company. As previously announced, Liberty Media has made a proposal to TCI Music, Inc. (NASDAQ:TUNE - news, TUNEP - news) pursuant to which Liberty would contribute substantially all of its directly owned Internet and interactive television assets to TCI Music in exchange for newly issued shares of TCI Music's Series B common stock. The assets proposed to be contributed to TCI Music, which would change its name to Liberty Digital, Inc., would include Liberty's holdings of ACTV's securities. ACTV is a leader in interactive digital television with its proprietary ''Individualized Television'' programming capabilities, and a pioneer in TV-Internet convergence with its patented HyperTV(TM) software application. In addition to Liberty's initial strategic investment of $5 million in September 1998, the companies announced a joint venture which is currently exploring other applications of ACTV's technology. Lee Masters, president and CEO of Liberty Digital, said: ''ACTV has continued to develop a suite of innovative applications which fit very well with Liberty Digital's strategy of bringing new digital and interactive applications to the marketplace.'' ''Liberty Media and Liberty Digital possess incredible vision and foresight, and ACTV could not ask for stronger partners,'' said David Reese, president and chief operating officer, ACTV, Inc. ''We greatly appreciate their support and look forward to continuing our work together.'' ACTV and TCI Music's The Box Music Network are currently collaborating on an enhanced version of viewer-controlled music programming, using ACTV's proprietary digital programming technology. The Box Music Network and ACTV believe giving the viewer greater control over the experience might drive viewer satisfaction and take rates for pay-per-view programming featuring live concerts and musical events. This February, ACTV joined Liberty Digital as the initial tenants in AT&T Broadband & Internet Services' (formerly Tele-Communications, Inc.'s) National Digital Television Center-Los Angeles, one of the nation's leading digital content creation facilities.

To: Stock Watcher who wrote (6341)	4/13/1999 10:18:00 AM
From: SteelerStu	Read Replies (1) \| Respond to of 52051

WIRL double this morning -- crossed market at 4

To: Stock Watcher who wrote (6341)	4/13/1999 10:20:00 AM
From: FJ	Read Replies (2) \| Respond to of 52051

SW: FNTN NEWS!! Financial Intranet, Inc. Announces Contracts ARDSLEY, N.Y.--(BUSINESS WIRE)--April 13, 1999--Financial Intranet, Inc. (OTCBB:FNTN) today announced the signing of a contract to provide communications services to one of the largest single franchise owners of a major fast food company. In addition to providing traditional voice and data transmission, FNTN will be delivering distance learning video content to over 100 franchise locations throughout the country. The contract also calls for implementation of video conferencing capabilities between the company's operational hubs. Michael Sheppard, President and Chief Operating Officer of FNTN said "the completion of this project represents a minimum of $250,000 in revenues to FNTN." Sheppard added "during the month of March, we signed new contracts in our core market, the financial community, for $350,000 in annual revenues as well. We're extremely pleased with the interest and acceptance being generated by our delivery system in a broad spectrum of markets." Financial Intranet, Inc. has established the nation's first proprietary, secured, on-demand data and video financial information network that links the brokerage and mutual fund industries together and connects both to the individual investor. This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. --30--ah/ny* cf CONTACT: Financial Intranet, Inc., Ardsley Michael Sheppard Voice: 914/693-5060 E-Mail: msheppard@fntn.com