|Update the SYM. JJ->MORE lIES from Veritas Communications. Castpro has been their client for months. Yet another company promoted by the Crappy Howe Street Vancouver promoter. |
Subj: KPRC - Fact Sheet (CastPro.com) - New Client Company for Veritas Communications
Date: 8/8/00 5:28:43 PM Eastern Daylight Time
From: firstname.lastname@example.org (Brad Poulter)
By 2000, Webcasting and related push technology will generate a third of the $14 billion in Internet advertising, subscriptions, and retail revenues.”
- Yankee Group Inc.
Contact Information Capital Structure
(figures adjusted to reflect stock split July 21, 2000)
CastPro.com Inc. Trading Symbol: KPRC
Suite 730 – 1130 West Olympic Blvd. 52-week range: $2.00 - $3.5
Los Angeles, CA 90064 Approximate shares outstanding: 29.4 million
Tel - (310) 231-7066 Estimated float: 1.1 million
Fax - (310) 231-7068 Approximate Insider Holdings: 20%
According to Internet research group, Datamonitor, the global Internet population will reach 250 million in 2002, and 300 million by the year 2005. A central factor that has keyed this growth is the Internet's capacity to perform not only as an informational resource, but also as a source of interactive and multimedia entertainment. Among the many different features and value-added services offered via the Internet, one has increasingly gained popularity and prevalence: Media-streaming, otherwise referred to as webcasting.
Websites incorporating live webcasting have been proven to generate significantly higher traffic and retention levels, while at the same time creating an ideal environment for high-impact media advertising. As such, streaming media has now become a standard feature on the most popular entertainment and business sites. However, Webcasting is still in its early stages and has yet to establish the high-quality caliber of television production, characterized by clear, crisp audio and full-screen, high resolution, on-demand video.
CastPro.com is a leading provider of live and on-location digital webcast production for large, Fortune 500 corporations and major event marketers. The Company specializes in the streaming media production of concerts, tradeshows, interviews, sporting events and movie premieres, as well as key business-related events such as shareholder meetings, press release and earnings announcements, product launches and training sessions. Similar to conventional news vans, CastPro.com uses fully equipped, self-contained Mobile production Units (MPUs) to produce live webcasts. Each MPU is outfitted with the necessary wireless production equipment to broadcast a web event live, even while in motion.
Using proprietary Remote Webcast Technology (RWT), CastPro.com is able to combine the high-quality production of conventional broadcasting methods with the real-time delivery of Internet technology. The Company offers a comprehensive range of services, which include:
· Webcast production: event direction, camera placement, lighting, sound mixing
· Webcast marketing: advertising and promotional materials, preview clips, QuickTime movie production, Flash animation
· Webcast distribution: event hosting, online broadcast and archival, DVD or CD mastering
· Support Services: HTML design and website integration
CastPro.com's primary competitors are Real Networks, Microsoft, InterVU and Broadcast.com, none of which have developed comparable service-oriented technologies. Competitive advantages over other webcasters include:
Avoidance of ISDN Installation: Most conventional webcaster require the use of an ISDN line to transfer a webcast to their server. ISDN installation often takes a minimum of two weeks. CastPro.com's Mobile Production Units, on the other hand, are equipped with Remote Webcast Technology that enables wireless webcast data transfer.
Webcast Setup: A conventional webcast production can take up to three weeks to prepare. In eliminating the need for an ISDN line, and due to the self-contained nature of the Mobile production Unites, CastPro.com is able to reduce set up time to less than three hours.
Spontaneity: Using wireless data transceivers, CastPro.com's Mobile Production Units can transmit live to the Internet given only a moment's notice. This flexibility enables instant coverage of time-sensitive events.
Minimal Impact: Contrary to conventional webcasting procedures, CastPro.com's larger production equipment remains in the Mobile Production Unit, thus reducing spatial intrusion on location.
Geographical Diversity: With plans to establish production facilities in each of the twenty major entertainment markets, CastPro.com will offer superior responsiveness over existing webcasting production crews, which are typically required to travel a long distance from a centralized headquarters to the designed webcast location.
CastPro.com has recently undergone a 3-for1 split of the company's common outstanding shares. The split occurred on July 21, 2000. As a result, the company's trading symbol was changed from “KSTP to “KPRC”. CastPro.com is currently extending its network of worldwide webcasting facilities to expand its client base, broaden its geographical scope, and establish itself as the world's premier webcast producer. CastPro.com has recently established facilities in Las Vegas, and new facilities are slated for New York, Chicago, Vancouver, Hong Kong and London.
CastPro.com has established a leading position within the webcasting industry, and has developed proven proprietary technologies to create sustainable competitive advantages. Streaming media is one of the fastest growing applications on the Internet, and is expected to proliferate dramatically into the new millennium. Indeed, the convergence of Internet technology with the proven mass medium of television remains inevitable.
Given the industry's tremendous growth potential and CastPro.com's aggressive expansion, the Company considers its prospects to be excellent and is confident it will succeed in creating significant shareholder wealth. Investors surveying the horizon for a one-of-a-kind Internet prospect should take the opportunity to examine CastPro.com. Those willing to jump in at this relatively early stage stand to benefit most by leveraging the ground floor position of the company in an enormous, exponentially growing market.
For more information or to request a detailed Investor Package, contact Investor Relations: 1-800-773-7317
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