News Release

For More Information:

Jim Lindner
President and CEO
VidiPax, Inc.
Phone: (212) 563-1999
Fax: (212) 563-1994
Email: vidipax@panix.com

FOR IMMEDIATE RELEASE

ISLIP Media and VidiPax Partner to Provide Video Cataloging Services for Video Restoration and Archiving

(Pittsburgh, PA - November 19, 1997) ISLIP Media, Inc., a leading developer and supplier of integrated solutions for constructing network-based, searchable digital media libraries, and VidiPax, Inc., the world's largest and most advanced magnetic tape restoration company, have partnered to provide computer-based video cataloging services for video restoration and archiving.

VidiPax will use ISLIP's MediaKey Logger, MediaKey LoggerPlus and MediaKey Finder software to extract key images and information from original film or video to provide a complete index of the source material for their clients in broadcasting, the arts, government, and education. The index, available as a color print of key scenes or in digital format on CD-ROM, can be used to quickly locate old footage. The digital index on CD-ROM can be browsed using ISLIP's MediaKey Finder software.

"VidiPax has been providing unique video restoration services for several years," commented Jim Lindner, president and CEO of VidiPax. "The addition of indexing services now makes the archives easily accessible. We are pleased to be working with ISLIP, an industry leader, to provide the tools to enhance VidiPax's services," he added.

The restoration of magnetic media is a key component in safeguarding the millions of audio and video documents that embody our cultural heritage-from video of the last interviews with Bing Crosby to videotape recordings of the news gathered over the last 40 years. Once the material is restored, however, it is not necessarily accessible and easy to find for replaying or re-purposing. The addition of the indexing services now provided by VidiPax and the software and systems developed by ISLIP Media, will greatly improve accessibility to the volumes of restored media.

ISLIP's goal is to provide video indexing, browsing, and searching of large volumes of film and video," said Mark Juliano, president and CEO of ISLIP Media. "VidiPax is precisely the kind of partner we are seeking to bring our technology to archiving applications," he continued.

VidiPax will offer the video indexing services in conjunction with their existing video restoration services. The index will be offered in hard copy and on CD-ROMs. MediaKey Finder, software for search and retrieval of the computer-based indexes, is available from ISLIP Media.

IF YOU WOULD LIKE TO MEET WITH VIDIPAX AT NAB, please contact Sheldon Liebman by phone (505-332-1281), fax (505-332-1286) or Email ( LSMarket@flash.net ) to set up an appointment.

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VidiPax
VidiPax, Inc. is the largest and most advanced magnetic tape restoration company in the world. Using non-invasive, proprietary cleaning techniques, VidiPax restores magnetic tape that has been damaged by smoke, water, neglect, or simply the passing of time. Each tape is inspected and evaluated, cleaned thoroughly, and re-mastered into the client's choice of modern format. VidiPax is dedicated to restoring magnetic tape and securing our audiovisual heritage for the future. VidiPax can be reached via phone at 212-563-1999, via FAX at 212-563-1994, via email at vidipax@panix.com, or via the Internet at www.vidipax.com.

ISLIP Media
ISLIP (Integrated Speech, Language, and Image Processed) Media, Inc. is a leading developer and supplier of integrated solutions for constructing and using network-based, searchable digital media libraries. ISLIP offers the MediaKey Digital Library System, a complete set of software and services for developing digital audio and video libraries, including MediaKey Builder, MediaKey Finder, MediaKey Logger, and MediaKey LoggerPlus. The unique feature of ISLIP's technical approach is the integrated application of speech recognition, language understanding, and image understanding technologies based on software components of Carnegie Mellon University's Informedia Digital Video Library Project. ISLIP Media is located in Pittsburgh, Pennsylvania and was founded in 1996. ISLIP can be reached via phone at 412-687-0530, via FAX at 412-687-0537, via email at info@islip.com, or via the Internet at www.islip.com.

ISLIP Media, the MediaKey Digital Library System, MediaKey Builder, MediaKey Finder, MediaKey Logger, MediaKey LoggerPlus and "Unlocking the value of video" are trademarks of ISLIP Media. All other brands or product names are trademarks or registered trademarks of their respective holders.

VidiPax, Inc.
450 West 31st Street
4th Floor
New York, NY 10001
Phone: (212) 563-1999
Fax: (212) 563-1994
Email: vidipax@panix.com
Web: www.vidipax.com

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