Worldwide Broadcast Network and INSINC Enter Into Strategic Alliance
Thursday, August 19, 1999
(Vancouver, B.C.) – Predator Ventures Ltd., a U.S. public company listed on the Vancouver Stock Exchange (Trading Symbol: POV), as previously announced on August 6, 1999, is in the process of acquiring the rights and assets of the Worldwide Broadcast Network including its various domain properties. Predator Ventures is pleased to announce that High Tech Venture Capital Inc., on behalf of the Worldwide Broadcast Network (“wwbroadcast.net”), and Interactive Netcasting Systems (“INSINC”), a private Canadian company based in Burnaby, BC, have entered into a Strategic Alliance Agreement for the purpose of developing new business opportunities. Under the terms of the Agreement, INSINC will assist wwbroadcast.net with the aggregation and categorization of streaming-media content on the Web, and in turn, will be a preferred partner for the delivery of audio and video (streaming-media) services via the Internet.
INSINC is widely considered to be a leader in streaming-media technology. INSINC is at the forefront of broadcasting live and archived audio and video on the Internet in association with its two content providers DENtv.com and DENradio.com. INSINC provides streaming-media services for clients such as Rogers Communications, CBS, CTV, YTV, Ericsson, Government of Canada, Price Waterhouse Coopers, Canadian Music Awards (Junos), and the Banff Television Festival.
Hugh Dobbie, President of INSINC, states: “We welcome the opportunity to work with the Worldwide Broadcast Network. The branded channel strategy being deployed by the wwbroadcast.net team has tremendous potential and adds another dimension to the services offered by INSINC. wwbroadcast.net’s commitment to user-targeted marketing and brand development is a very important piece to our puzzle”.
Kirk Exner, the founder of wwbroadcast.net adds: “This alliance will allow wwbroadcast.net and INSINC to leverage new business opportunities in the rapidly growing streaming-media marketplace. With DENtv as an affiliate producer, wwbroadcast.net as the distributor and INSINC as a preferred provider, we will collectively develop and distribute streaming-media content for the Internet”.
wwbroadcast.net is developing a streaming-media content portal on the Internet in association with its Web development partner SunCommerce Corporation (suncommerce.com). The portal website (wwbc.net) offers a gateway to a network of branded content subsidiaries which include: wwbusiness.net, wwcomedy.net, wwdrama.net, wweducation.net, wwfamily.net, wwfashion.net, wwgames.net, wwhealth.net, wwkids.net, wwmovies.net, wwmusic.net, wwnews.net, wwsports.net and wwtravel.net.
Further information is available at: http://www.insinc.com and http://wwbroadcast.net.
Or contact: Kirk Exner, Worldwide Broadcast Network (604) 689-7317 Hugh Dobbie, INSINC (604) 606-5710