VideoEgg

[ 2006.03.21 | Press Release ]

SAN FRANCISCO, Calif., — (March 21, 2006) — VideoEgg, Inc., a leading innovator in web-based video publishing solutions, announced today that it has acquired assets of Popcast, LLC. Under the terms of the transaction, several senior members of Popcast's development team will join VideoEgg.

"Our acquisition of Popcast will accelerate VideoEgg's development plans," said Matt Sanchez, Co-Founder and CEO of VideoEgg. "We are very excited to leverage the ideas, innovations and energies of the Popcast team."

"As a firm believer in the role that video will play on the web, we are certain that the addition of Popcast's assets to VideoEgg's technology and market-approach will be a winning combination," said Rob Lord, Founder and Chairman of Popcast and Founder and Chairman of Pioneers of the Inevitable, the developer of Songbird.

VideoEgg's straightforward approach to online video publishing focuses on simplifying digital video, making it as easy to post videos to the web as it is to post photos. VideoEgg's flagship product, The VideoEgg Publisher, makes it truly simple for users to post video from a digital camcorder, digital camera, video file, web cam or mobile phone. The VideoEgg Publisher's simplicity enables many new opportunities for online video publishing, such as adding video to classified ads, real estate sites, personal profiles on dating and social-networking sites, auction postings, as well as the ability to share a video with family and friends across the country or world. Under the terms of the agreement, Popcast's 1.0 technologies will be made available under the GPL and Popcast.com will become the administration domain for the code base.

About VideoEgg
VideoEgg offers web-based video publishing solutions which make it easy to for internet users to encode, upload, host and watch video. Its flagship product, the VideoEgg Publisher, is a small website plug-in that makes it easy for end-users to capture, edit, encode, and post digital video online. A "universal adapter" that captures directly from hundreds of devices and reads dozens of formats, the VideoEgg Publisher allows internet users to painlessly publish video in a format that anyone can watch without worrying about player compatibilities, encoding settings, or extra software. For more information, visit: http://www.videoegg.com.

VideoEgg and VideoEgg Publisher are trademarks of VideoEgg, Inc.

Press Contact
Karen D'Angelo Hopp
Connors Communications
212-798-1443
khopp@connors.com

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