(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.ca
and http://wwbroadcast.net.
Or contact:
Kirk Exner, Worldwide Broadcast Network (604) 689-7317 Hugh Dobbie,
INSINC (604) 606-5710
