VANCOUVER, B.C., April 10, 2001 (PRIMEZONE) -- ViaVid Broadcasting, Inc. (OTCBB:VVDB), a leading provider of financial Webcasts, today announced it is producing broadband content for Excite Canada, Canada's leader in broadband. Under the agreement, ViaVid will produce the hourly Canadian Market Update, a video newscast with the latest in market-affecting news from Canadian exchanges, companies and industry analysts.
Updated every hour, on the hour, throughout the business day, ViaVid and Excite Canada's Canadian Market Update will be available exclusively to the 750,000 customer households of the Rogers, Shaw, and Cogeco @Home high-speed Internet service via the Excite for @Home portal. Excite.ca users will be able to access the hourly updates in May.
The Canadian Market Update newscasts, exclusive to Excite Canada, will provide users with updates about the Canadian Exchanges; Canadian companies reporting earnings, shareholder meetings and analyst evaluations, and other news; the current outlook of the Canadian dollar; political news, events and policy statements in Canada, the U.S. and elsewhere; U.S. Stock market activity and trends and other newsworthy items affecting the Canadian financial landscape.
"This agreement with Excite Canada is the continuation of our strategic partnership where both parties are equally committed to creating compelling programming for the Excite for @Home network," said Brian Kathler, CEO of ViaVid. "We look forward to a long and prosperous partnership with Excite Canada."
"We are pleased to be bringing the Canadian Market Update to our Excite for@Home users and soon to our Excite.ca users," said Hugh Stuart, President, Excite Canada. "It complements our existing Money and Investing channel," he continued. "We're confident that users will find the level of interactivity afforded by our broadband capabilities and the hourly video updates a compelling combination."
About Excite Canada
Excite Canada, Canada's leader in broadband, is a joint venture of Rogers Media Inc and Excite@Home Inc. Its branded network of highly popular content destinations include the open-Web portal www.excite.ca and the broadband Excite for@Home content experience which is featured exclusively on the industry-leading Rogers, Shaw and Cogeco@Home high-speed Internet services. A demonstration site for non-@Home customers is under construction at www.excite.ca/broadband. Also, Excite Canada offers wireless content and applications at www.excite.ca/mobile for Web-enabled Rogers AT&T mobile devices. Excite Canada is fully engaged in realizing the potential of the broadband Internet future by working with its partners to provide useful, interactive and entertaining services to Canadian consumers. Excite and the Excite logo are trademarks of Excite@Home, used by Excite Canada under license.
About ViaVid Broadcasting Inc.
ViaVid Broadcasting Inc. is a leading edge company specializing in streaming media technology over the Internet. The company has developed a state-of-the-art Digital Video Production/Broadcast Facility that is capable of being live to the Internet 24 hours per day. In addition, the Company has proven expertise in on-site production from numerous remote locations. As a pioneer in the streaming media industry, ViaVid has hands on expertise with all aspects of the technology from construction and maintenance of broadcast networks and servers, to encoding and compression, to post-production/live production services. ViaVid has established numerous strategic partnerships in the industry including; Bestcalls.com, a leading Internet conference call portal, PrimeZone Media Network, an Investor Relations Website management and newswire service firm, Excite Canada, IBM, and Microsoft's WindowsMedia.com.
ViaVid's content development expertise and streaming audio/video technology will provide their clients, partners and sponsors enhanced coverage and technological capabilities at a fraction of the cost of implementing their own streaming media strategy.
NOTE: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
For more information regarding ViaVid Broadcasting, Inc. please visit www.viavid.com or contact: