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AppNet Enters Agreement with MediaSite to Allow Customers to Create
and Publish Searchable Video on the Web
AppNet Debuts Digital Asset Management E-Business Solution At NATPE
Booth #3062
NEW ORLEANS, January 24, 2000 -- AppNet, Inc. (Nasdaq: APNT), a
premier provider of end-to-end e-business solutions, has entered into an agreement with
MediaSite, Inc., a leading developer of interactive video software, to offer its clients
video management
e-business solutions. By incorporating MediaSites video indexing and management
software into its end-to-end e-business solutions, AppNet is uniquely positioned to
deliver the full spectrum of solutions to meet the demands of the entertainment industry
in the 21st century.
"AppNet is expanding our interactive marketing solutions to offer time saving,
flexible video management tools to the industry," said Chris Paine, division
president of AppNets Los Angeles office. "AppNet customers will now have the
power to automatically create, index, edit, manage and post searchable video on the
Web."
The MediaSite Publisher Suite enables customers to publish and navigate
searchable video over the Web. The suite is composed of MediaSite Publisher, MediaSite
Publisher Modules, and WebFinder. Publisher Modules provide additional functionality for
clients with specific needs and requirements. The modules include speech index, image
index, highlights index, and auto index. WebFinder is the leading video search and
navigational software, utilizing advanced search functionality such as image match and
natural language query to locate video clips. WebFinder allows users to search images,
text and audio from within any standard Web browser.
"Our agreement with AppNet takes our video search and retrieval technology to the
next level," said Krishna Pendyala, co-founder and executive vice president of
MediaSite. "Now, not only can specific video footage be retrieved at the click of a
mouse, but it can also be bought and sold with an AppNet solution, saving valuable time
and money."
To gain a deeper understanding of this new AppNet offering and the technology available
from MediaSite, please visit AppNet at booth #3062 and MediaSite at booth #2920.
AppNet (Nasdaq: APNT) is a premier provider of end-to-end e-business
solutions, from interactive marketing to back-office integration. For companies
transforming themselves for the new Internet economy, the firm offers a unique mix of
Internet strategy, marketing, and technology services. AppNet is the fourth largest
interactive marketing agency according to Ad Age and one of the 50 largest pure Internet
companies, according to Internet World. AppNet works with Fortune 1000 and dot.com
companies. Customers include UCCnet, Baxter Healthcare, Dial, Ford, Ralston Purina,
Hyundai, multex.com, primeoutlets.com, UNICEF, KB Toys, NEC, and Unilever. For more
information about how AppNet can bring the power of e-business to your business, visit http://www.appnet.com.
MediaSite Inc. is the technology leader in enabling the interactive video economy.
Video content providers increase their revenues and extend their brands by creating
searchable and interactive video websites using MediaSite products and professional
services. MediaSite offers a total solution through its Publisher Suite software to
deliver a flexible, automated approach for publishing searchable and interactive video on
the Web. Users can easily browse, search and navigate specific video segments and view
video summaries faster than real time. MediaSite's V-commerce (Video e-commerce)
capabilities offer content providers the ability to convert their content to currency
through targeted advertising, syndication, direct sales, and subscription. Mediasite
customers include: Time Warner Cable (NY1), Warner Brothers, CBS Affiliates (WCBS, KDKA),
Internet Broadcast Systems, US Air Force, US Holocaust Museum, and HealthInfo. MediaSite
solutions are based on patented ISLIP technologies Integrated Speech, Language and
Image Processing developed in conjunction with Carnegie Mellon University, one of
the world's top universities in computer and information sciences.
This press release may include "forward-looking statements" for
purposes of the Securities Exchange Act of 1934. All statements herein, other than those
of historical fact, including statements regarding future contractual arrangements or
performance, competitive strengths, and business strategy, are forward-looking. Actual
results or events may differ materially from those projected in such forward-looking
statements. Information regarding the factors that could cause such differences are
contained in AppNets Prospectus dated November 10, 1999 contained in the
Registration Statement on Form S-1 filed in connection with AppNets November 1999
offering and on the Companys Quarterly Report on Form 10-Q for the quarter ended
September 30, 1999. For more information, visit www.mediasite.com.
MediaSite, the MediaSite System, MediaSite
Logger, MediaSite LoggerPlus, MediaSite Builder, MediaSite BuilderPlus,
MediaSite WebFinder, Full-Media Indexing, and "Unlocking the value of video"
are trademarks of MediaSite. All other brands or product names are trademarks or
registered trademarks of their respective holders. |