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Wednesday, January 19, 2005

FedNet to Provide First-Ever Video Searchability of The Inaugural and State of The Union Address

FedNet to Provide First-Ever Video Searchability of The Inaugural and State of The Union Address WASHINGTON, Jan. 19 /PRNewswire/ -- Federal Network Inc. (http://www.fednet.net/) has announced that it will deploy its proprietary "reCap" online video searchability system for both the Presidential Inaugural as well as the State of The Union Address. This historic coverage marks the first time online video searchability, by keyword, has been available during and following these historic events. For the Inaugural, FedNet's searchable video will be available via major online newspapers that link to FedNet's search interface, including Washingtonpost. Newsweek Interactive's http://www.washingtonpost.com/ and newspapers owned by The McClatchy Company. McClatchy, headquartered in Sacramento, California, is a leading newspaper and Internet publisher. Its newspapers include, The Star Tribune in Minneapolis, The Sacramento Bee, The Fresno Bee, The Raleigh News & Observer, among others. FedNet will utilize its "reCap" technology to make the events searchable by individual keyword or phrase following each event's conclusion. Media outlets that link to FedNet's service for this state-of-the-art video search coverage will be able to offer pinpoint topical results, at a click. During the recent Presidential Campaign, FedNet made possible "reCap" searchable video service for all four Presidential Campaign Debates. FedNet's "reCap" searchability made it possible for millions to access searchable video clips by the desired topic or keyword for each Presidential Debate. Commenting on initial media reaction to the availability of "reCap" video searchability for these historic events, Keith Carney, CEO of FedNet noted; "We're pleased, that these online industry leaders recognize the advantages of searchable video functionality." Carney added, "The entire online market is looking hard at these types of applications. The big search engine players see searchable video as the next Holy Grail. FedNet is not only delivering the searchable video content today, we are drinking from the cup with the proprietary search platform we developed." The McClatchy Company owns and operates Nando Media, a national interactive media operation that provides newspapers with content publishing tools and software development. McClatchy is listed on the New York Stock Exchange under the symbol MNI. FedNet is a pioneer in Internet broadcasting and is the leading provider of Washington-based, real-time and archival multimedia information. In addition to media production and streaming services, FedNet provides ongoing subscription access to daily and historic proceedings of Congress through its searchable video database - "reCap". Contact: Keith Carney 202-393-7300 kcarney@fednet.net Source: Federal Network Inc. CONTACT: Keith Carney of Federal Network Inc., +1-202-393-7300, or kcarney@fednet.net Web Site: http://www.fednet.net/ http://www.washingtonpost.com/ ------- Profile: International Entertainment

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