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08.28.2002
Roxio
and YesVideo Partner to Increase
Distribution and Market
Co-Branded Products
Roxio Makes
Minority Investment in
YesVideo
SANTA
CLARA, Calif. - August 28,
2002 - Roxio, Inc., (Nasdaq:
ROXI) The Digital Media Company,
provider of the best selling
digital media software in the
world, announced today it is
partnering with YesVideo, the
leader in videotape-to-DVD
conversion, to jointly develop
various marketing and
distribution channels, and to
share technology licensing.
Additionally, Roxio announced it
has made a $3 million strategic
investment in YesVideo. The
Eastman Kodak Company is also an
investor in YesVideo.
"Analysts say
Americans have 400 million hours
of home movies on videotape
stored in their closets. By
partnering with YesVideo, we are
providing our customers with a
hassle-free way to convert their
tapes to pristine DVDs," said
Roxio President and CEO Chris
Gorog. "Technology, automation,
scalability, and distribution
have made YesVideo the clear
leader in this emerging market.
Through key relationships with
Eastman Kodak and Fuji Color
ServicesFilm, YesVideo has
already begun rolling out its
products worldwide, and is
estimated to launch in over
38,000 retail locations in
2002."
Under terms of
the agreement, Roxio will have
the exclusive right to bundle,
market, and distribute YesVideo
products online and to certain
retailers, including Roxio's
existing retail channel partners.
In turn, certain Roxio products
will be bundled with YesVideo
products, expanding Roxio's
already strong distribution
channels to the traditional
photo-finishing channel.
YesVideo
President and Chief Executive
Officer Sai-Wai Fu said, "Our
partnership with Roxio will
enable us to grow our
distribution channels
significantly, while connecting
us with the leading brand name in
digital media management.
Additionally, the strategic
investment by Roxio will help
YesVideo meet market demand,
expand into Europe, and solidify
a strategic partnership with a
digital media frontrunner."
About Roxio
Roxio, Inc. (Nasdaq:ROXI)
provides the best selling digital
media software in the world.
Roxio makes award-winning
software products for CD/DVD
burning, photo editing and video
editing. Roxio's family of
products includes category
leading products Easy CD Creator
® (Windows) and Toast ®
(Macintosh) for CD/DVD burning,
PhotoSuite ® for digital
photography, and VideoWave ®
for digital video. Roxio also
makes GoBack® , the #1
selling system recovery software
that enables PC users to
instantly recover from system
crashes, virus attacks and data
loss. Roxio's current install
base is in excess of 100 million
users and distributes its
products globally through
strategic partnerships with major
hardware manufacturers, in stores
with the leading worldwide
retailers, through Internet
partnerships and also sells its
products direct at www.roxio.com.
Headquartered in Santa Clara,
California, Roxio also maintains
offices in Minnesota, Canada,
United Kingdom, Netherlands,
Germany and Japan. The company
currently employs more than 400
people worldwide. Roxio is a
member of the S&P SmallCap 600
and the Russell 2000 Index.
About
YesVideo
YesVideo incorporates
best-of-class video engineering
into automation software that
enables DVD and CD video
publishing on demand for consumer
and commercial video. Sai-Wai Fu,
a pioneer in digital video
compression technology, founded
the company in 1999. The company
operates the largest home
video-to-DVD production facility
in the world in San Jose,
California and operates a sister
facility in Tokyo, Japan. The
company is located at 2249 Zanker
Road, San Jose, CA 95131 and can
be reached on the Internet at
http://www.yesvideo.com or by
phone at 408-907-7600 or
(toll-free) 877-817-5375.
Safe Harbor
Statement
Except for historical
information, the matters
discussed in this press release,
in particular matters related to
Roxio's product development and
retail products sales, are
forward-looking statements that
are subject to certain risks and
uncertainties, including delays
in product development,
competition in the software
industry, and failure to maintain
distributor relationships, that
could cause actual results to
differ materially from those
projected. Additional information
on these and other factors are
contained in Roxio's reports
filed with the Securities and
Exchange Commission (SEC),
including the Company's Annual
Report on Form 10-K as filed with
the SEC on July 1, 2002 and
Quarterly Report on Form 10-Q as
filed with the SEC on August 14,
2002, copies of which are
available at the website
maintained by the SEC at
http://www.sec.gov.
Roxio assumes no obligation to
update the forward-looking
statements included in this press
release.
Copyright
© 2002 Roxio, Inc. All
rights reserved. Roxio, the Roxio
logo, the Burning CD logo, Jam,
Toast with Jam, and VideoWave
Movie Creator are trademarks of
Roxio, Inc., which may be
registered in some jurisdictions.
The Roxio tagline, PhotoSuite,
Easy CD Creator, Toast, GoBack,
and VideoWave are registered
trademarks of Roxio, Inc. in the
United States and/or other
countries. All other trademarks
used are owned by their
respective owners.
Please direct
all press inquiries to:pr@yesvideo.com.
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