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RAVISENT Announces Agreement With Teknema and [email protected] to Deliver Web-Enabled DVD Player

WebDVD Scheduled to be Available by Christmas 1999

MALVERN, Pa.--(BUSINESS WIRE)--Aug. 30, 1999--RAVISENT Technologies, Inc., a developer of core-based modular software solutions that enable digital video and audio stream management, today announced an agreement with Teknema, Inc., Palo Alto, CA and [email protected] AG, Hildesheim, Germany (German Bourse Neuer Markt: MBX) to jointly develop and market a Web-enabled DVD player in Europe that transforms an ordinary television into both a home theater system and a true Internet appliance. RAVISENT and Teknema are jointly developing the WebDVD player, and customizing a version for integration with [email protected]'s ISP business and BOT (Broadcast on Television) data broadcasting services.

[email protected] will handle sales, distribution and support of the Web DVD player, and will serve as the Internet Service Provider for European end users. With Internet access and BOT services already available from [email protected], the customized version of WebDVD is currently scheduled to appear on retail shelves by Christmas, 1999.

Based on CineMaster® CE, RAVISENT's industry leading modular DVD software for consumer electronics manufacturers, the Web DVD player will also incorporate Teknema's Internet browser and email technologies.

"Web DVD represents the next stage of RAVISENT's roadmap of digital video product evolution," said Sharon Taylor, vice president product management, RAVISENT. "It literally redefines the DVD market. Consumers will not only be able to watch their favorite movies in stunning theater-like quality, but also be able to navigate the World Wide Web and send/receive email - all from their TV with a single, easy-to-install set top box. WebDVD is another example of RAVISENT's leadership in enabling customers like [email protected] to be first to market with cutting edge digital video and audio products."

"This is a tremendous opportunity for DVD movie studios/distributors," said Ed Piehl, director of marketing, RAVISENT. "Leading studios have been adding Internet connected functions to some of their titles, even though until now only consumers watching on a PC have typically been able to use these features. With Web DVD, users will also be able access these advanced features directly from their TV."

About RAVISENT Technologies, Inc.

RAVISENT is driving the digital entertainment revolution with an integrated suite of innovative digital video and audio products for PC and consumer electronics manufacturers. RAVISENT enables the convergence of personal computer and consumer electronics devices through software and hardware products designed around a unique, modular software architecture that provides a consistent look and feel across technology platforms. Combining outstanding on-screen quality with high overall system performance and integration, RAVISENT provides flexible and cost-effective solutions to a spectrum of partners in the PC-OEM, CE-OEM and semiconductor markets, including Compaq, Dell Computer, Gateway, Hewlett-Packard, Packard Bell/NEC, Acer, Fujitsu, Micron, Quantex, Sony, ATi Technologies, C-Cube, and ST Microelectronics. Founded in 1994, RAVISENT is headquartered in Pennsylvania and has offices in the Silicon Valley, Seattle, Germany and Japan. Information about RAVISENT can be found on the World Wide Web at www.ravisent.com.

About Teknema, Inc.

Teknema is an Internet technology company dedicated to developing software and solutions for the emerging market for information appliances. Teknema's technologies enable powerful and cost-effective Internet appliances through a proprietary embedded browser and a modular software suite of run-time components and network protocols. Combining these technologies with expertise, Teknema provides solutions to make Internet appliance the preferred way to access the Web. Founded in 1994, Teknema is headquartered in Palo Alto, California. Information about Teknema can be found on the World Wide Web at http://milano.teknema.com

About [email protected] AG

[email protected] is a leading provider of multimedia products and services in Europe using plug-and-play connections to existing TVs. The company rents, sells and supports set top box Internet solutions in Europe, and provides [email protected] Internet access services for residential consumers. [email protected] also offers consumers a rich set of data broadcasting services using the patented BOT (Broadcast on Television) technology licensed to [email protected] exclusively in Germany by Deutsche Telekom. Founded in 1996, [email protected] is headquartered in Hildesheim, Germany and also has offices in the United States. Information about [email protected] can be found on the World Wide Web at http://www.metabox.de

All companies and product names mentioned herein are for identification purposes only and may be trademarks and/or registered trademarks of their respective companies.

This press release may contain certain forward-looking statements that relate to Ravisent's future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events of future results to differ from those discussed herein. Such factors include, among others: Ravisent's recent change in its business model, its limited operating history, fluctuating quarterly operating results, expectation of future losses, anticipated price declines in products, dependence on its CineMaster products, dependence on a small number of customers, lack of long-term commitments with customers, dependence on manufacturers and strategic relationships, product delays, the difficulty of protecting proprietary rights, the ability to manage growth and attract and retain additional personnel, the potential for defects in its products, risks from international operations, its ability to raise capital in the future, its dependence on the personal computer and consumer electronics industries, competition, its ability to manage technological change and respond to evolving industry standards, government regulation and Year 2000 software issues.


Contact:
     Ravisent, Inc.
     Lori Crenny, 610/408-7494
     [email protected]
     or
     Miller/Shandwick Technologies
     Kelley MacMaster, 650/596-5831
     [email protected]



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