iNEXTV Corporation is a wholly owned subsidiary of Ampex Corporation. For more information, contact iNEXTV Corporation, Kelley Gannon, 703 963 1947.
iNEXTV.com Announces Technology To Make Video On The Internet Better Than Ever Before
iNEXTV.com, the premier global network of targeted video-based Web sites, announces the availability of online video that is significantly clearer, smoother and 50% larger than existing Internet video. The proprietary technology was developed by iNEXTV parent Ampex Corporation (Amex: AXC). Ampex, one of the world's leading innovators of technologies for the visual information age, has been a company at the forefront of technology breakthroughs for more than five decades. The new technology - using both server hardware and software - creates a much-improved Internet video experience for users with either broadband access or traditional Internet connections. iNEXTV is the first to use this innovative technology for the Internet - delivering enhanced video to the more than 90 percent of online households with 56kbps connections or less, as well as those Internet users with higher speed access. Using industry standard player software from companies such as RealNetworks and Microsoft, users can access the much-improved video. Later this month, the new technology will preview on iStyleTV.com, a new site on the iNEXTV network. iStyleTV will combine this superior imaging, the persuasive power of video and original Internet programming to target the lifestyles, passions and pursuits of affluent web users. In the future, iNEXTV will also apply the new technology to its other sites. ""Today, users are demanding much more out of their Internet experience,"" said iNEXTV Chairman Edward J. Bramson. ""We have found a way to deliver just that by focusing on producing compelling video content that allows users to immediately experience better and bigger video on the Internet - without the need for new Internet connections or new software."" Ampex, which pioneered, among other things, the video recorder, digital special effects and digital image compression, expects to make this new technology available to other quality-conscious Internet video providers in the future. Building on this first generation technology, the company will continue to develop new online video enhancements based on existing and forthcoming Internet standards. iNEXTV Corporation, www.inextv.com, headquartered in New York City, is the premier global network of targeted video-based affiliates on the Internet, and a wholly owned subsidiary of Ampex Corporation (Amex: AXC). iNEXTV produces original Internet video programming in New York, Los Angeles, Washington, D.C. and Munich, Germany. The iNEXTV network of affiliates include: Alternative Entertainment Network, www.aentv.com, Los Angeles, California, one of the largest on-demand streaming video sites about the entertainment industry; Executive Branch TV, www.exbtv.com, Washington, D.C., producer and netcaster of original Internet programming regarding the Executive Branch of government; TV onthe WEB, www.tvontheweb.com, Reston, Virginia, a leading provider of Internet video services; and TV1 Internet Television, www.tv1.de, Munich, Germany, one of Europe's top Webcasters.