DynamicMedia.Com Cancels Spin-Off IPO for QuickTV

DynamicMedia.Com (http://www.dimg.com) said that they have cancelled its planned IPO of its subsidiary, QuickTV ( http://www.quicktv.net), a streaming video network site.

The reason, the company stated, was because of the announced AOL/Time Warner merger.

DynamicMedia.com says they will fund QuickTV through private financing and will concentrate on developing more special features and additional programming to complement its existing Internet TV news feature.

In November 1999, DynamicMedia said it would sell 4 Million Shares in an Initial Public Offering for QuickTV and give Dynamic Media.com Stockholders Dividend Shares. QuickTV will continue to operate and be a wholly-owned subsidiary of DynamicMedia.

DIMG and QuickTV also announced that a new board of directors had been appointed for QuickTV.