ChainCast Networks, the leading provider of cost-effective streaming solutions for media groups, radio webcasters, Internet infrastructure companies, and corporate enterprises today announced Jeff Mandelbaum, President of Software Growth Services, as a strategic advisor to the company. In this role, Mr. Mandelbaum will provide management consulting and strategic planning to expand the company's Internet streaming service. Mr. Mandelbaum is well known in the industry for being named by Streaming Magazine as one of the top 25 most influential streaming media executives in 2000.
"Jeff's wealth of experience, strategic relationships, and industry leadership in the streaming community is a substantial asset to ChainCast,'' commented Paul Distefano, ChainCast's President and CEO. "As many businesses seek better streaming alternatives, Jeff will help us present the chaincasting technology as a cost-effective, high quality streaming solution.''
An accomplished high technology executive, Mr. Mandelbaum has held key roles for more than 16 years in industry sectors of streaming media, relational database, and business-to-business commerce. In October 2001, Jeff formed Software Growth Services, to assist high potential software and Internet companies increase their businesses by leveraging his experience and network. Prior to founding Software Growth Services, Mr. Mandelbaum was Vice President of Software, Internet and New Media at Broadmark Capital Corporation in Seattle, Wash. Prior to joining Broadmark Capital, Mr. Mandelbaum was Chairman and CEO of GlobalMedia in Vancouver B.C. Mr. Mandelbaum also held executive management positions at Real Networks in Seattle, Wash.; Commerce One in Pleasanton, Calif.; and Sybase in Emeryville, Calif.
"In recent months, our working relationship became closer as we both saw great potential for ChainCast to become the market leader in Internet streaming,'' stated Jeff Mandelbaum. "The potential for explosive growth in streaming is hindered by high bandwidth costs -- costs that can literally be cut by 50%-65% with ChainCast's content delivery technology. I have relationships with many companies who can benefit from this extraordinary technology by allowing them to finally achieve a profitable streaming business model.
ChainCast's technology is a broad networking, peer to peer content delivery platform that solves many challenges associated with traditional webcasting. ChainCast's patented Virtual Multicast Routing(TM) (VMR(TM)) solution, along with its platform architecture, allows customers to stream content at a dramatically lower cost, compared to other solutions, by creating streaming media overlay networks on demand. These networks transform each client from a media player for local playback to a VMR player that is a combination of the media player and a soft router for the originating stream. Therefore, since the receiving VMR player can route (or cascade) an original stream to several other VMR players in the overlay network, the technology produces a multiplier effect that increases the number of e-listeners that can be served off of each originating stream.
About ChainCast Networks
ChainCast Networks provides cost-effective, carrier-class streaming media delivery solutions that allow its customers to dramatically reduce their cost of streaming. ChainCast markets its Virtual Multicast Routing(TM) (VMR(TM)) solution to traditional broadcasters, new media companies and Internet infrastructure companies. In October 2001, ChainCast acquired Seattle-based, StreamAudio, a premier worldwide Internet radio and ad replacement company. Its clients include large media groups such as Cox Radio, Entercom and Zimmer. Chaincast is the first company to deploy commercial-grade peer to peer streaming for 600 of the leading radio stations serving over 6 million streams. ChainCast was founded in 1999 and is based in San Jose, California. For additional information, please visit www.chaincast.com and www.streamaudio.com .
ChainCast, ChainCast Networks, Virtual Multicast Router, VMR and StreamAudio are trademarks of ChainCast Networks, Inc. in the United States and/or foreign countries. All other trademarks and company names mentioned in this document are the property of their respective owners.
Special Editor's Note: ChainCast Networks will be attending "Streaming Media East 2001'', December 11-13, in New York at the Jacob K. Javits Convention Center and would like the opportunity to meet with you.
ChainCast is a panelist for the streaming session "Peer to peer content networking for fun and profit'' on Tuesday, December 4th from 3:30 p.m. - 5:00 p.m. ChainCast Executives are available for company and technology briefings. Please feel free to attend the panel, or contact us for a one on one interview. If you will not be attending, but are interested in being briefed by ChainCast, please contact us:
Frances Murray of ChainCast Networks, +1-408-467-4049, fmurray@chaincast.com; or Alison Golan of Golan Public Relations, +1-970-240-3284, golanpr@montrose.net, for ChainCast Networks.