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CastUP To Stream Launch of First Tuesday Israel

Added: (Wed Aug 30 2000)

Pressbox (Press Release) - For Immediate Release

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


CastUP to provide Streaming Media and Live Broadcast of the First Tuesday Israel
Launch Event in Tel Aviv.

CastUP was chosen by First Tuesday Israel to broadcast
live coverage of their Launch Event in Tel Aviv September 5th 2000, where top-class
entrepreneurs, global investors and the Who's Who of the Israeli high-tech industry will

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 it reached an agreement
with First Tuesday Israel, to provide streaming media and live event broadcast
of the launch event.

According to Avi Ostfeld, CEO of CastUP, "We are honoured to work with First Tuesday Israel,
at their launch event, where some of the world's most important high-tech industry
players, and talented Israeli entrepreneurs will meet. On Tuesday 5th September 2000 at 8PM at Azrieli Center Tel Aviv,
CastUP's talented broadcast team will stream First Tuesday's innaugral event
to a global audience of web viewers interested in strategic high-tech issues."

David Alexander, the leader of First Tuesday Israel went on to say, "CastUP's expertise
in the areas of live event broadcasting and streaming media will ensure reliable
access to the First Tuesday Israel launch event around the world. This is an important
event with such major sponsors as Arthur Andersen, Red Herring, and Globes - it was vital
for us to choose a professional and reliable team, with the technology and
infrastructure to match. - I felt that we could rely on the CastUP team led by Avi Ostfeld".


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 First Tuesday

Recently merged with Yazam for an estimated $50M, First Tuesday
was founded in October 1998 in London. It now holds regular events in over 90 cities
worldwide. So far, First Tuesday has helped entrepreneurs raise over $130 million of
seed capital and more than 25,000 people attend events each month. First Tuesday
Israel is the first in the network to be named after the country, as opposed to the city,
and it's website is at: http://www.fti.co.il

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