POMPANO BEACH, Fla., AND SAN DIEGO, Calif., March 15 /PRNewswire/ -- Visual Data Corporation (Nasdaq: VDAT), a leading producer and distributor of video and audio programming for the Internet, and INTERVU Inc. (Nasdaq: ITVU), the leading service provider for Internet video delivery solutions, today announced that they have entered into an Internet distribution and co- marketing agreement.
Under the agreement, INTERVU will be Visual Data's provider of streaming media services for its multimedia content, including video libraries of information on subjects such as hotels (www.hotelview.com), attractions (www.attractionview.com), resorts (www.resortview.com), nursing homes (www.careview.com) , businesses (www.videonewswire.com), medicine (www.medicalview.com), talent (www.talentview.com) and others. Visual Data will also resell INTERVU's streaming media services to its broad range of clients. In turn, INTERVU will resell Visual Data's production services that consist of an extensive network of international camera crews and state-of- the-art digital production facilities.
Key to the deal are INTERVU's efforts to help Visual Data seamlessly co- publish its content under leading Internet media companies and online publishers, offering its clients increased exposure and first-rate distribution.
"In addition to greatly enhancing the scope and value of our video production, live Webcasting and video library services on the Web, we have now effectively added a complete Internet broadcast and network capability to provide turnkey solutions delivering the highest quality video over the Internet," said Randy Selman, president and CEO of Visual Data.
"We are very pleased to join together with Visual Data to offer a powerful combination of Internet multimedia production, marketing, hosting, distribution and broadcast services," said Harry Gruber, CEO of INTERVU. "This alliance builds on INTERVU's strategy to help our customers increase content exposure by co-publishing on other high-profile sites in a fully automated fashion via INTERVU's distributed network."
About Visual Data Corporation
Visual Data Corporation, founded in 1993, specializes in the production, marketing and distribution of full-motion visual information via the Internet and soon interactive television. The Company develops full-motion video libraries relating to various topics, including travel, education, business, medicine and healthcare, entertainment, and consumer products. Strategic partnerships include PR Newswire, a subsidiary of United News and Media; Pegasus Systems, Inc.; Interval International; Rezsolutions, a joint venture of Utell International and Anasazi Inc.; Physicians Online; Intellihealth, a joint venture of Aetna US Healthcare and Johns Hopkins University and Health System; Carlson Wagonlit Travel Associates and the American Society of Travel Agents. Visual Data works with leading travel industry companies and through its subsidiary EDnet, Inc. has established relationships throughout the motion picture and recording industries. Additional information can be found at www.vdat.com.
About INTERVU Inc.
INTERVU Inc. (Nasdaq: ITVU) offers powerful, turnkey solutions to deliver live and on-demand audio and video streaming and broadband broadcasts over the Internet. INTERVU's streaming media services are utilized for many different types of business uses including entertainment, news reporting, corporate communications, investor relations, and distance learning. INTERVU is the only Internet audio/video delivery company with a patent-pending, automated network that is comprised of numerous delivery centers strategically positioned around the United States and Europe. This distributed network architecture allows the company to handle very high volumes of simultaneous Internet users while ensuring first-rate delivery of audio and video to users' computers. INTERVU works with leading entertainment, news and technology companies, including American Interactive Media, CNN, DVD EXPRESS, DoubleClick, Excite/At Home, Intel, Lycos, MovieFone/AOL, NBC, MSNBC, Major League Baseball, Microsoft, OnRadio, VideoSeeker, and Yahoo! Additional information can be found at www.intervu.net.
This press release contains forward-looking statements which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
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