13.07.2006 12:00:00
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Intervideo and Faith Establish a Strategic Alliance; Providing Audio, Video and Data Software to OEM Customers in the Mobile, CE, PC and Automotive Markets
With its headquarters located in Japan, Faith has an annualrevenue of approximately 35 billion JPY and offices located in 22countries worldwide. The company's core businesses includemobile-phone ringtones and audio technology, as well as operating inthe service and electronic payment industries. InterVideo has anannual revenue of approximately 12 billion JPY with more than 35percent derived from the Japanese market. InterVideo's popularDVD-playback software, WinDVD(R), has 70 percent of the worldwidemarket share. InterVideo began focusing on the mobile-phone, CE andautomotive markets in 2004.
With this alliance, both companies have much to gain. Faith willprovide midi 3D sound to accelerate InterVideo's software solutiondeployment to non-PC segments such as the rapidly expanding mobilephone market, while InterVideo will supply H.264/MPEG-4/AAC/AMR-basedmultimedia applications to strengthen Faith's content distributionservices.
About Faith, Inc.
The mission of FAITH, INC. is to deliver content to users.Supporting business development for companies at each stage of thecontent distribution process, including telecommunications carriers,semiconductor and mobile phone vendors as well as content providers,FAITH provides sound technologies and audio format technologies alongwith business solutions for content service planning, creation, andoperation. Through alliances with companies in Japan and abroad, FAITHhelps to create new markets for content distribution business usingmobile phones, PCs, game gear, and other platforms. The company's USsubsidiary, Faith West Inc., delivers mobile content to U.S. consumersand supports the licensing of FAITH technology to manufacturers ofmobile phones and other communications and electronic devicesglobally.
About InterVideo, Inc.
InterVideo is a leading provider of integrated digital andhigh-definition multimedia and audio/video content solutions in thePC, CE and wireless industries. The company's broad suite ofintegrated multimedia software products are designed to enhance theconsumer's entertainment experience, whether the content is deliveredto a home system, HDTV set, wireless system, mobile or personalmultimedia device. InterVideo's unique iMobi(TM) multimedia codectechnologies are widely used by Smartphones, GPS units and portableentertainment device OEMs and ODMs to enhance music and videoenjoyment...anyplace, anytime. The firm's worldwide headquarters is at46430 Fremont Blvd, Fremont, CA, 510-651-0888, InterVideo also hasmajor offices in Taiwan, Japan, Mainland China and around the globe.For more information, visit www.intervideo.com.
Safe Harbor Statement
Except for the historical statements contained herein, theforegoing release contains forward-looking statements, includingstatements regarding InterVideo's product. These forward-lookingstatements are subject to risks and uncertainties, and actual resultscould differ materially due to several factors, including but notlimited to the ability to forecast customer behavior and recognize orrespond to emerging trends, changing preferences or competitivefactors, the market acceptance of our new products and productenhancements, the resolution of any notices of claims regardingalleged infringement of third parties' intellectual property rights,the ability to maintain or expand our relationship with PC OEMS andother risks and uncertainties. Please consult the various reports anddocuments filed by InterVideo with the U.S. Securities and ExchangeCommission, including but not limited to InterVideo's Form 10-Q forother risk factors that could cause actual results to differ. Allforward-looking statements are made as of the date hereof andInterVideo disclaims any responsibility to update or revise anyforward-looking statement provided in this news release.
InterVideo and Faith are registered trademarks of InterVideo, Incand Faith, Inc. All other trademarks are the property of theirrespective holders.
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