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Press Release

PostNewsweek Tech Media Group Selects TVWorldwide.com to Video Stream Events for 2001

CHANTILLY, Va., Jan. 9 /PRNewswire/ -- PostNewsweek Tech Media Group has selected TVWorldwide.com, a fast-growing Internet streaming video application service provider and web-based global TV network to produce, and video stream the 2001 FOSE Show (March 20-21 at the Washington Convention Center) and 36 other events throughout the next year.

``We're pleased to have a partner like TVWorldwide.com in this innovative initiative,'' said Alec Dann, VP Internet for Post Newsweek Tech Media Group. ``TVWorldwide.com offers proven expertise in live webcasting and streaming video. Most importantly, the staff at TVWorldwide.com understands how to marry video content with the Web to create a valuable experience for our viewers.''

``PostNewsweek Tech Media Group is out in front with a streaming video strategy for its tech events that is unprecedented in the IT industry,'' according to Dave Gardy, Chairman and CEO of TVWorldwide.com. ``By extending the reach of their popular events to the web, they can offer archived coverage for viewing by a larger audience, in addition to live webcasting from the floor of mega-events such as FOSE.''

The two companies previously worked together to produce seminar events with a creative approach that allowed viewers to watch the speaker in archived streaming video while simultaneously viewing the speaker's presentation slides in an adjacent Web window. Similar interactive techniques are planned for the live webcast of FOSE, including daily coverage from an interview stage at the show that will be integrated with reporting from exhibitors' booths. This groundbreaking strategy will provide unique sponsorship and advertising opportunities.

TVWorldwide.com is currently working with a variety of clients and strategic partners on the latest in live and archived state-of-the-art video streaming content applications. The company was recently selected to webcast Washington D.C.'s high-tech Inaugural Ball, the ``eNaugural.com Ball,'' live from the National Press Club Ballroom on January 20. The TVWorldwide.com network is an affiliation of community-based Internet TV channels, each underwritten by a strategic partner, ``aimcasting'' to targeted b2b and professional special interest audiences worldwide. TVWorldwide.com worked with one of its first aimcast channels, AbleTV.net, to pioneer live and archived video streaming with closed captioning and audio description to aid in web site accessibility for the disabled. With this advance, AbleTV.net received its charter sponsorship from Microsoft Corporation. TVWorldwide.com recently received first round financing from PSINet Ventures, Ltd., the wholly owned corporate unit of PSINet, Inc. (Nasdaq: PSIX - news).

PostNewsweek Tech Media Group, based in the Washington, DC area, is the leading media company in the government technology sector. They publish Government Computer News, Government Computer News State & Local, Washington Technology and Washington Techway as well as a variety of websites focusing on the government IT market where investments will exceed $100 billion this year.

    Contact:  TVWorldwide.com
              Joseph Juras
              [email protected]
              703-961-9250

              PostNewsweek Tech Media Group
              Alec Dann
              [email protected]
              301-650-2008

SOURCE: TVWorldwide.com