Announcements

Netbriefings Closes First Round Financing

St. Paul, Minnesota - February 7, 2000 - Netbriefings, a full-service webcast technology provider that specializes in secure and large-audience Internet broadcasts, announced closing its first round of financing. The company began seeking investors in mid-September, 1999, and completed subscription in mid-January, 2000, with 156 percent of its financial target. The company will use the financing to drive development, marketing and sales.

"The capital we have just raised is seed capital, representing merely the beginning of what we plan to raise," said Gary W. Anderson, Netbriefings' Chairman of the Board. "I am pleased, however, that the company was able to do this in a timely fashion, which is often not the case for start-up companies in Minnesota." Mr. Anderson added, "The company should now work to build a stronger Board of Directors, use the seed capital to finalize version 1.0 of the product, and prove the marketing model in the Twin Cities region. After that, we should be ready to raise an additional round of financing to execute a national launch."

"We are pleased with the overwhelming interest of the investment community," said Tom Saylor, Netbriefings' President. "Investor enthusiasm supports our belief that the business environment recognizes the value we bring to the market with our Internet conference management services. This round of financing ensures that we'll be in a good position to meet market demand, as rapidly increasing Internet bandwidth makes our services a convenient alternative to various forms of corporate communications."

Netbriefings' Internet conference management services provide cost effective alternatives to traditional large-audience communications, with a delivery vehicle that provides the greatest convenience for both presenters and viewer participants. Its leading-edge set of integrated services, one of the most comprehensive, allows clients to conduct consistently professional, interactive, Web-based presentations, meetings and conferences.

In addition, Netbriefings provides full server hosting and archiving of entire events for convenient viewing by those unable to attend a live event, and easy reference by all who are granted access. Key among the services that clients can choose "a-la-carte," and which are represented on separate windows of participants' desktop and laptop PCs are:

• Fully synchronized streaming video and audio,
• Still and animated graphic "slide" presentations, also fully synchronized with audio,
• Online viewer polling, surveying and testing, complete with immediate group statistics on participation, interactivity and responses, (and real-time individual statistics for client company management), and
• Viewer interaction through messaging to presenter, in direct or moderated configuration, enabled for "chat" function or integrated with teleconferencing

About Netbriefings
Netbriefings provides catered, professional-quality webcast services with robust audio/video streaming designed specifically for large audiences, as well as Flash solutions for smaller, rich media presentations. Netbriefings solutions provide cost-effective alternatives to traditional corporate communication methods, allowing its clients to conduct successful broadcast-style streaming-media webcasts with ease. Netbriefings also offers secure broadcasting, on-demand access of archived content, and repurposing of content into CDs, DVDs, podcasts and other formats. (www.netbriefings.com) (www.ProclaimYourself.com)

Contact Info

Jeanneane Kloss
651-225-1532 x151 office
jkloss@netbriefings.com