- Conglomerate to Sell Korean-Language Versions of MediaSite Products -

San Jose, CA, Dec. 13, 2000 - MediaSite, Inc., the global pioneer in the development of software and applications for converting video into an interactive medium, today announced a partnership with LTi-Korea, Inc., a Seoul-based conglomerate that will re-sell MediaSite's products and provide professional services to customers throughout Korea.

The partnership will enable MediaSite to reach customers in Korea's broadband and wireless telecommunications industries, as well as Korean Internet service providers, application service providers, television companies and government agencies. MediaSite's first Korean clients are LOCA, which will resell to nationwide clients; enStream, which will resell to the Korean military and police; and The Fusion, which will resell to educational institutions. The partnership expects to realize revenues of more than $15 million over the next three years.

LTi-Korea, a 15-year-old company involved in the R&D and sales of systems for streaming and wireless content delivery network management, will be offering the newly developed Korean-language versions of MediaSite's Publisherä and WebFinderä products, making MediaSite the first company to offer fully functional Korean language versions of both its indexing and video navigation tools.

"This partnership, coupled with the release of the Korean versions of our products, is extremely significant for a couple of reasons," said MediaSite Chief Executive Officer Vinay Mehra. "First, Korea has the highest per capita Internet usage rate worldwide and already has the broadband infrastructure to support MediaSite's applications. In addition, experience shows that the Korean market in general is quick to accept and adopt new and innovative technologies. For instance, they're already significant users in the wireless arena."

"MediaSite's technology fits perfectly into the dynamic and fast-moving Korean Internet and broadband space," said Agnes Kim, LTi-Korea's chief executive officer and founder. "A sure sign of its rapid acceptance is the fact that we've already received purchase orders from the South Korean military and police academy, both of which will deploy the technology in e-learning applications over broadband networks."

About LTi-Korea, Inc.

As a creator of next-generation technology, LTi-Korea has been leading the Korean market since 1985. Currently comprised of three business divisions-sales, ASP and R&D-LTi-Korea also has two subsidiaries-nDeli, which handles trial sales, and Streaming Media, which handles the company's Digital Media Archive project. The company also operates LTi-U.S., which manages its business affairs in the United States and the Streaming Media Lab at Korea's Sogang University. LTi-Korea's clients include telecommunication and media companies, government agencies, educational institutions and hospitals.

About MediaSite, Inc.

MediaSite is the pioneer of enhanced streaming technology tools that transform video into an interactive medium for the Web. Headquartered in Pittsburgh, Pennsylvania, MediaSite is a fast- growing international company with offices throughout the U.S., Asia and Europe. Founded in 1997, MediaSite derived its core technology from a Carnegie Mellon University research effort funded by leading government agencies and private corporations, including Bell Atlantic, Boeing, CNN, Intel and Microsoft. Today, MediaSite has over 100 customers in the media and entertainment, financial services, consumer products, government and advertising industries in the U.S. and abroad. For more information, visit www.mediasite.com. Or come see us Dec. 12-14 in Booth #1624 at Streaming Media West 2000!