ATLANTA, Dec 18, 2002 (PRIMEZONE) -- Armagh Group, Inc. (OTCBB:AMGH) today announced the signing of a Master Service Agreement between its recently acquired SmartVideo unit, a leading provider of video distribution to the dial-up and broadband Internet user, and Westgate Resorts. Westgate Resorts is one of the largest privately held and fastest-growing companies in vacation ownership with more than 180,000 owners.
SmartVideo will supply video broadcasting and video e-mail to Westgate's large audience of owners, prospective owners and its own nationwide sales force. Westgate will be able to train and advertise using SmartVideo's proprietary video applications, reaching from dial-up to broadband users encompassing the entire Internet market.
Westgate Resorts has, over the last decade, become one of the leaders in the timeshare industry. The net sales at Westgate Resorts has grown at an average of 20% annually to over $400 million, well exceeding the industry average. In the United States alone, vacation ownership with over 1,200 resorts, represents over two million owners.
"With SmartVideo's capability to seamlessly integrate dynamic video into our content, this agreement enables Westgate Resorts to bring solutions in both the corporate and educational sectors of our business. Because SmartVideo's technology permits content distribution even down to the dial-up user, we are able to serve our entire marketplace -- no other provider can provide this capability," said Marco Torres, Director of Internet Marketing.
"I am so pleased that Westgate Resorts has chosen SmartVideo's solutions. I look forward to helping Westgate Resorts continue to grow and expand their markets," said Richard Bennett, CEO and President of SmartVideo.
About Westgate Resorts
Through David A. Siegel's vision, persistence, and resourcefulness, Central Florida Investments, Inc. (CFI) has become one of the largest privately held corporations in the Central Florida area with over $400 million in annual revenues. Mr. Siegel founded the company in 1970 through a real estate development firm, starting from a small office in the family garage. To date, the company employs over 5,000 people and has expanded from Central Florida to Miami and Daytona Beach, Florida; Park City, Utah; Gatlinburg, Tennessee; and Las Vegas, Nevada. However, Mr. Siegel's most prosperous achievements are clearly in the timeshare industry.
About SmartVideo
SmartVideo designs, develops, sells and markets technology that delivers full motion video content to a web browser using an Internet connection. SmartVideo uses its proprietary technology to offer services that enable full motion video content to be viewed via both dial-up and broadband Internet connections. These technologies enable live video broadcast, with viewer interactivity, to more than 95% of all Internet users. SmartVideo addresses the increasingly important role that delivery of rich media content plays in Internet communications. SmartVideo products and services deliver, live or pre-recorded, rich media content, combining traditional web-based text, graphics, and hyper-links with smooth, real-time video, and high-quality audio.
Companies around the world are looking to harness the power of video and audio on their websites and in other corporate applications. SmartVideo believes that the demand for, and use of, its services will grow at a faster rate than most other Internet applications. More information and application Demos can be found at SmartVideo's website: http://www.smartvideo.com. Additionally, any prospective clients or shareholders can log into the SmartVideo website on most Thursdays at 1 p.m. EST to see live demos of the SmartVideo application.
SmartVideo is based in Norcross, Ga., a suburb of Atlanta.
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Words such as "intend," "expects," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning plans, objectives, future events or performance and assumptions and other statements that are not statements of historical fact. Although the company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.