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CastUP To Stream International Ernst & Young Conference To Web

Added: (Wed Aug 30 2000)

Pressbox (Press Release) - For Immediate Release

For more information, please contact:
Philip Hyams - Marketing Director
E-mail: marketing@castup.net
tel: 972.3.550.2080 fax: 972.3.550-7040


P R E S S R E L E A S E

CastUP To Stream Live Broadcast of Ernst & Young's Journey 2000 Symposium To The Web On September 7, 2000

Ernst & Young, Leading Global Professional Services Firm, Selects CastUP To Stream Live Proceedings of Its Strategic, International Venture Capital - High-Tech Conference

August 30th, 2000: Tel-Aviv, Israel - CastUP Inc., a technology and infrastructure provider of streaming video and audio services and 3rd party solutions, announced today that Ernst & Young, Israel has selected the company to provide on-site, live broadcast coverage of Journey 2000 - its international, Venture Capital - High-Tech conference, which will feature such keynote speakers as Mike Mortiz from Sequoia Capital, Mark Walsh from VerticalNet and Guy Kawasaki from garage.com.

According to Avi Ostfeld, CEO of CastUP, "We are excited about having being selected to cover Journey 2000 for Ernst & Young. CastUP's live event broadcasting and streaming media expertise will provide high-quality, real-time Internet coverage of this important event to a global web audience of people interested in hearing what some of the most influential players in Venture Capital and High-Tech Entrepreneurism have to say…when they say it!"

Gil Forer, Sales & Marketing Director of Ernst & Young, Israel, went on to say; " The importance of Journey 2000 as a vehicle for knowledge sharing within the international high-tech community can not be understated. Therefore, Ernst & Young, Israel decided to work with CastUP because of their expertise in the field of live event broadcasting and streaming media implementation. We look forward to a fruitful relationship with CastUP and to working on future projects with them."

Ernst & Young's Journey 2000 Conference is the leading knowledge sharing and networking event of the high-tech industry in Israel and will include three plenary sessions and 15 different workshops, which will provide thought leadership on a variety of issues crucial to the entrepreneur, investor, and company management. Journey 2000 speakers represent leading entities from the USA, Europe and Israel. In addition, five entrepreneurs will receive seven minutes during the conference to "pitch" their venture to a judging panel of investors and possibly win $250,000 in options. The conference is produced by Ernst & Young and co-hosted by Wilson Sonsini Goodrich & Rosati, VentureOne and Globes Initiative.

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About CastUP Inc.

CastUP Inc. is a technology and infrastructure provider of streaming video and audio services and 3rd party streaming media solutions. The company maintains a worldwide network of rich-media servers complemented by an array of sophisticated media streaming implementation and management tools. CastUP's own proprietary developed CastUP NileTM Video Hosting Server System provides service providers and web-site owners with an instant, totally transparent method for broadcasting professional streaming media over the Internet in multiple formats, eliminating the need for on-site, specialized streaming hardware or software. The company is U.S. based with an R&D center in Israel. Visit CastUP at www.castup.net


About Ernst & Young, Israel

Ernst & Young in Israel, founded in 1937, is one of the top professional services firms in the country. The firm offers a wide range of services. These include management consulting, corporate finance, business advisory, tax consulting, international tax planning, audit and accounting, business plan preparation, stock option planning and SEC advisory. E&Y's offices in Israel are located in Tel Aviv and Haifa, with Israeli desks in New York, the Silicon Valley and Boston as well. As an integral part of Ernst & Young International, E&Y Israel is directly connected to the global force of Ernst & Young worldwide.

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