Pacific Video Resources Acquires Compaq Computer's Cupertino Television Production Facility

Pacific Video Resources LLC (PVR), a leading San Francisco video production, post-production, and e-media services company, has acquired the Cupertino facility formerly owned by Compaq Computer and known as the Media Production Group (MPG). The facility, now known as PVR-Silicon Valley, is the largest and best-equipped teleproduction facility between San Francisco, California and Los Angeles, California, and is now operating as an independent commercial operation. Purchase price was not disclosed. Key members of the MPG staff have joined PVR, including General Manager Michael K. Tyler, Sales & Marketing Manager Linda Snowberger, and other production and engineering personnel. In addition, PVR has begun upgrading the post-production capabilities of the studio with new digital equipment. Will Compete For Silicon Valley Business Jim Farney, CEO of 20-year-old Pacific Video Resources, described the acquisition as a ""Win-win"" situation. ""Although Compaq has kept its MPG group busy, the corporation wanted to divest itself of the operation because it wasn't its principal line of business,"" Farney explained. ""For PVR, it's an ideal situation because for years we've been serving Silicon Valley clients and now, with this first-class facility in their own back yard, we can serve them even better. And when it's appropriate, we can share people and equipment from our San Francisco studio with the Silicon Valley operation."" Farney also said that PVR expects to continue receiving assignments from Compaq, and is targeting other Silicon Valley corporations, from Fortune 100 companies to technology startups, as well as independent producers and television broadcasters. ""We have a long history as a media technology pioneer,"" Farney said. ""Our expertise includes high-end digital film production, Ultimatte bluescreen, 'live' broadcasts and Webcasts, creative editorial, corporate communications, and branding. We're also very experienced in interactive media such as DVD authoring, CD-ROM, and MPEG1 and MPEG2 compression."" The Cupertino studios were originally constructed by Tandem Computer as part of its corporate complex, and were extensively used to produce marketing and training programs. ""The studios are a fabulous asset to Silicon Valley, and with our upgrades will provide high-end e-media capabilities that let technology companies 'walk the walk,'"" said Farney.

For more information, contact PVR-Silicon Valley, 408 285 0911, 408 285 0931 fax; Pacific Video Resources, 415 864 5679, 415 864 3813 fax, or visit the Web site at www.pvr.com.