SAN MATEO, Calif., May 6, 2003 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE) today announced that Xerox Corporation has selected Virage VS Webcasting(tm) for a series of webcasts launching its new market strategy. On April 30 in New York City, Anne Mulcahy, chairman and CEO of Xerox, announced the company's new strategy and hosted special guest speakers Michael Hammer and Esther Dyson. By simultaneously webcasting the event both live and on-demand, Xerox was able to reach hundreds of customers, employees, business partners, and press who could not attend the presentations in New York. The strategy presentation, the most significant of the year from Xerox, is available on-demand at http://vswebcasting.virage.com/xerox/office.htm. Virage is a leading provider of video and rich media software.
"For business announcements of this magnitude, it's important for Xerox to get the message out broadly and clearly," said Andrew McKenna, manager of Streaming, Videoconferencing, and Satellite Technologies at Xerox. "Virage webcasting allowed us to deliver a high-quality viewing experience to our Web audience while also making the event immediately available on-demand. We're pleased with the Virage webcasting software because it allows us to produce large-audience events that are professional, reliable, and cost-effective."
VS Webcasting is the first enterprise software solution that simplifies and streamlines the entire workflow for producing live webcast events and on-demand or re-broadcast presentations for large audiences. An alternative to legacy satellite-based systems or expensive webcasting service providers, the VS Webcasting solution makes it easy for organizations to deliver high-quality video- and audio-based presentations. From event scheduling and preparation to real-time webcast operations to detailed event reporting, this solution provides powerful Web-based tools that make it easy to assemble and manage interactive webcasts. VS Webcasting combines streaming audio and video with slides, digital documents, software demonstrations, Web pages and other online media. The latest version of VS Webcasting will include proprietary new ScreenCast(tm) technology from Virage which enables presenters to share and demonstrate Web pages, Microsoft(r) Excel spreadsheets, Visio(r) diagrams, or any other document or application that can be displayed on a computer desktop.
For more information about VS Webcasting, including product specifications, a whitepaper, and a self-running product demonstration, please go to http://webcasting.virage.com.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquartered in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
Forward-Looking Statements
This press release contains "forward-looking" statements about the products and services of Virage, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "will include," "will be made available," and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties, which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including but not limited to our annual report on Form 10-K and 10-Q filings, available online at http://www.sec.gov. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage and VideoLogger are registered trademarks of Virage, Inc. The Virage logo, SmartEncode, VS Webcasting, VS Publishing, VS Production, MediaSync, Virage ControlCenter, ScreenCast and Virage Solution Server are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged. The determination of when VS Webcasting 3.0 and its embedded features, including ScreenCast technology, will be made available for general distribution, if ever, remains at the sole discretion of Virage, Inc.
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