ChainCast Networks Pioneers New Technology for Cost-Effective, Streaming Content Delivery

- Emerging Company Focuses on Reducing Streaming Costs for Broadcasters, New

Media Companies, and Internet Infrastructure Companies -



Apr 23, 2001, 01:00 ET from ChainCast Networks, Inc.

    SAN JOSE, Calif., April 23 /PRNewswire Interactive News Release/ --
 ChainCast Networks, a leading provider of live streaming content delivery
 technologies for traditional broadcasters, new media companies and Internet
 infrastructure companies, officially launched today at the National
 Association of Broadcasters (NAB) 2001 in Las Vegas (Booth #i6751). ChainCast
 is pioneering cost-effective, high-quality content delivery to make it easier
 and more profitable for companies to build and manage a streaming media
 network.
     The company's patent-pending "chaincasting" technology allows customers to
 stream content at a lower cost by creating dynamic distribution links or
 "chains" between users. This peer-to-peer technology enables consumers with
 sufficient bandwidth to act as splitters -- seamlessly sending streams to
 additional users, thereby creating "free streams". ChainCast customers can
 increase revenues and reach larger audiences by using the ChainCast technology
 to reduce the cost of streaming content by at least 50% over competing
 solutions.
     The explosive Internet streaming content market presents rapid growth
 opportunities for broadcasters, Internet content providers and content
 delivery services. According to an Arbitron Internet Study, 20% of Americans
 ages 12 and older -- a group of 45 million people -- say that they have
 listened to a radio station online. Two years ago, only 6% of the population
 (14 million) said that they had tuned into an Internet broadcast. This
 represents an increase of 220% in only two years.
     "The trend is clear:  broadcasters who effectively utilize the Internet as
 a new "channel" for distribution of content will be positioned for long-term
 success in an increasingly competitive market," stated Paul Distefano,
 President of ChainCast Networks. "But the cost of delivering live streaming
 content is so high that broadcasters and other content delivery companies are
 finding it difficult to make streaming a profitable business model.
 ChainCast's new networking technology solves this problem by managing content
 distribution beyond the edge of the network to guarantee lower streaming costs
 and improve scalability -- while sustaining a very high quality of service."
     "Chaincasting may indeed be a breakaway technology for Internet
 broadcasters trying to overcome high bandwidth costs associated with streaming
 live content," said John Katsaros of NetsEdge Research Group. "It's about time
 for a new breed of content delivery solutions that address the issues
 associated with the growing on-demand content broadcasting market. The
 availability of high quality, edge-based delivery services at a fraction of
 the cost of centrally delivered services is paramount to the success of this
 industry."
     ChainCast Networks' management team has more than 100 years of combined
 business, management and technology experience. Jozsef Kiraly (Founder,
 Chairman of the Board and inventor of the patent-pending "chaincasting"
 technology) has 27 years of experience as a researcher, manager, and
 executive. With 20 years experience in senior management positions within
 high-tech industries, Paul Distefano (President) has the experience and
 leadership skills that are essential to position, launch and grow new
 technology companies. Joseph Rozenfeld (Sr. Vice President of Engineering and
 CTO) has founded or co-founded four companies during his 15 years in software
 development and management of successful start-ups and large organizations.
     Founded in 1999, and based in San Jose, California, ChainCast Networks is
 privately held and financially backed by premier high-tech venture capital
 firms, successful angel investors and strategic corporate partners. In
 December 1999, ChainCast secured $4.6 million in equity funding and an
 additional $10.4 million in September 2000, bringing the total to $15 million.
 ChainCast has received investments from the founders of Creative Labs and
 InnoMedia; and from Bellwether Investments (GIC Special Investments), Creative
 Technologies, Cuscaden Investments, MediaCorp Interactive, Mid-City
 Investments Holding, WIIG Global Ventures, and other private investors.
     For additional information, please visit www.chaincast.com.
     ChainCast is a trademark of ChainCast Networks, Inc. in the United States
 and/or foreign countries.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16568551
 
 

SOURCE ChainCast Networks, Inc.
    SAN JOSE, Calif., April 23 /PRNewswire Interactive News Release/ --
 ChainCast Networks, a leading provider of live streaming content delivery
 technologies for traditional broadcasters, new media companies and Internet
 infrastructure companies, officially launched today at the National
 Association of Broadcasters (NAB) 2001 in Las Vegas (Booth #i6751). ChainCast
 is pioneering cost-effective, high-quality content delivery to make it easier
 and more profitable for companies to build and manage a streaming media
 network.
     The company's patent-pending "chaincasting" technology allows customers to
 stream content at a lower cost by creating dynamic distribution links or
 "chains" between users. This peer-to-peer technology enables consumers with
 sufficient bandwidth to act as splitters -- seamlessly sending streams to
 additional users, thereby creating "free streams". ChainCast customers can
 increase revenues and reach larger audiences by using the ChainCast technology
 to reduce the cost of streaming content by at least 50% over competing
 solutions.
     The explosive Internet streaming content market presents rapid growth
 opportunities for broadcasters, Internet content providers and content
 delivery services. According to an Arbitron Internet Study, 20% of Americans
 ages 12 and older -- a group of 45 million people -- say that they have
 listened to a radio station online. Two years ago, only 6% of the population
 (14 million) said that they had tuned into an Internet broadcast. This
 represents an increase of 220% in only two years.
     "The trend is clear:  broadcasters who effectively utilize the Internet as
 a new "channel" for distribution of content will be positioned for long-term
 success in an increasingly competitive market," stated Paul Distefano,
 President of ChainCast Networks. "But the cost of delivering live streaming
 content is so high that broadcasters and other content delivery companies are
 finding it difficult to make streaming a profitable business model.
 ChainCast's new networking technology solves this problem by managing content
 distribution beyond the edge of the network to guarantee lower streaming costs
 and improve scalability -- while sustaining a very high quality of service."
     "Chaincasting may indeed be a breakaway technology for Internet
 broadcasters trying to overcome high bandwidth costs associated with streaming
 live content," said John Katsaros of NetsEdge Research Group. "It's about time
 for a new breed of content delivery solutions that address the issues
 associated with the growing on-demand content broadcasting market. The
 availability of high quality, edge-based delivery services at a fraction of
 the cost of centrally delivered services is paramount to the success of this
 industry."
     ChainCast Networks' management team has more than 100 years of combined
 business, management and technology experience. Jozsef Kiraly (Founder,
 Chairman of the Board and inventor of the patent-pending "chaincasting"
 technology) has 27 years of experience as a researcher, manager, and
 executive. With 20 years experience in senior management positions within
 high-tech industries, Paul Distefano (President) has the experience and
 leadership skills that are essential to position, launch and grow new
 technology companies. Joseph Rozenfeld (Sr. Vice President of Engineering and
 CTO) has founded or co-founded four companies during his 15 years in software
 development and management of successful start-ups and large organizations.
     Founded in 1999, and based in San Jose, California, ChainCast Networks is
 privately held and financially backed by premier high-tech venture capital
 firms, successful angel investors and strategic corporate partners. In
 December 1999, ChainCast secured $4.6 million in equity funding and an
 additional $10.4 million in September 2000, bringing the total to $15 million.
 ChainCast has received investments from the founders of Creative Labs and
 InnoMedia; and from Bellwether Investments (GIC Special Investments), Creative
 Technologies, Cuscaden Investments, MediaCorp Interactive, Mid-City
 Investments Holding, WIIG Global Ventures, and other private investors.
     For additional information, please visit www.chaincast.com.
     ChainCast is a trademark of ChainCast Networks, Inc. in the United States
 and/or foreign countries.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X16568551
 
 SOURCE  ChainCast Networks, Inc.