iSTYLETV.COM Introduces New Internet Channel Featuring Original Programming Dedicated to Classic Cars
23 May 2000
iSTYLETV.COM Introduces New Internet Channel Featuring Original Programming Dedicated to Classic Cars
NEW YORK--May 23, 2000--and Capability Including New Cars Destined to Become
the "Classics of Tomorrow"
iNEXTV Corporation, an online video media company, announces the launch of iSTYLETV.com's Classic Cars, one of its new, original Internet programming channels covering today's upscale and affluent lifestyles. The Classic Cars channel is dedicated to providing "must-know" information about cars of high pedigree and capability, from classic and collector cars to new cars destined to become the "classics of tomorrow".
"Classic Cars, the first in a series of planned launches for iSTYLETV.com, offers a unique, video-driven Internet experience that is tailored to meet the strong passions and pursuits of affluent web users," said Edward J. Bramson, chairman of iNEXTV Corporation. "From events and auctions to restorations and future trends, Classic Cars is the only streaming, video-based site dedicated to capturing every aspect of life surrounding the cars."
The Classic Cars channel is driven by intriguing editorial opinion from the industry's leading experts including David E. Davis Jr., editor/founder, Automobile Magazine; David Gooding, managing director, Christie's International Motor Cars; Paul Russell, renowned automotive restorer; and Tom Gale, executive vice president design, Daimler-Chrysler Corporation.
The site provides unique profiles on car companies, designers and collectors, as well as access to archived videos and listings. For the scoop on the latest events, Classic Cars offers a complete calendar of car shows, events and exhibits, including coverage of the widely attended Pebble Beach Concours d'Elegance in Pebble Beach, Calif; the Monaco Historic Grand Prix and the Goodwin Festival of Speed. Additionally, Classic Cars offers a searchable database of cars to give enthusiasts a look at the many different styles and models of classic cars. Viewers can also submit photos to showcase their own vehicles in the iSTYLETV On-line Concours.
Following is a selection of content and programming currently featured on iSTYLETV.com's Classic Cars:
| - | Profiles on car designers Jack Telnack, Sergio Pininfarina and Guilio Alfieri |
| - | The "inside track" from David Davis, Jr., Paul Russell and Tom Gale |
| - | News coverage at the major auto shows and Concours around the country |
| - | A searchable list of clubs devoted to classic cars |
| - | Stories on the challenges and rewards of classic car restoration |
| - | Stories on car art and the influence of cars on our culture |
| - | Access to classic car news forums and weekly polls |
Classic Cars incorporates superior video technology to bring ardent enthusiasts the latest news through intriguing feature stories. This proprietary technology, developed by iNEXTV parent company Ampex Corporation (Amex:AXC), offers viewers video that is significantly clearer, smoother, and has an 80 percent larger area than existing Internet video. 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 slower, 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. The channel will webcast original 1 to 3 minute video stories enhanced with Flash animation to offer an authoritative look at the collector circuit, car experts, and beautiful classic cars.
Classic Cars is available at http://www.istyletv.com/cars/.
About iNEXTV
INEXTV Corporation, www.inextv.com, headquartered in New York City, is a premier online video media company, 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 includes: Alternative Entertainment Network, www.aentv.com, Los Angeles, California, one of the largest on-demand streaming video sites about the entertainment industry; EXBTV, www.exbtv.com, Washington, D.C., producer and netcaster of original Internet programming regarding the Executive Branch of government; iSTYLETV, www.istyletv.com, New York, NY, focusing on the lifestyles, passions and pursuits of affluent web users; 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.
(Minimum requirements to view Classic Cars webcasts: RealPlayer(R) software, available for free download at www.real.com and at least a 28Kbps connection to the Internet, but 56Kbps is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com.)
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations, risks affecting the Company's Internet strategy and other risks mentioned in the Company's 1999 Annual Report of Form 10-K filed with the SEC and its Quarterly Report on Form 10-Q for subsequent fiscal periods.