Teletrax Partners with Senior Broadcast Executives to Develop Global Sports Television Marketplace

Teletrax Partners with Senior Broadcast Executives to Develop Global Sports Television Marketplace

NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Teletrax has engaged the services of Pilson Communications, Inc., whose president, Neal H. Pilson, was formerly president of CBS Sports, and DPB Communications, Inc., managed by Dave Berman, former senior vice president of PanAmSat, to develop television sports rights and content management opportunities for the global broadcast intelligence company, it was announced today. Teletrax is a subsidiary of Medialink Worldwide Incorporated (NASDAQ:MDLK) and recently announced an agreement with Major League Baseball(R) to test its digital watermarking and broadcast evaluation service.

Pilson, recently listed among the top 20 most influential sports business media executives by the Sports Business Journal, and whose current clients include NASCAR, Arena Football League, the Rose Bowl, World Series of Poker and JetBlue Airways' LiveTV, among many others, served in a number of executive capacities at CBS, including two terms as president of the network's sports division. Berman also served CBS in several capacities in New York and London, including 10 years as vice president of production, operations and administration of CBS Broadcast International, before joining PanAmSat, the world's largest private provider of satellite-based communications services, which was merged with Intelsat in 2006.

"Neal and Dave bring unique skills, extraordinary contacts, industry knowledge and business savvy that will help expand Teletrax - already an established presence in the television news, entertainment and advertising sectors - into the very dynamic sports arena," said Laurence Moskowitz, chairman of Teletrax and chief executive of Medialink. "Sports leagues, teams and associations face an increasingly difficult task in tracking and protecting their valuable content. Neal and Dave will help us bring the power of digital watermarking technology and the global reach of Teletrax into this vibrant marketplace."

"There is a rapidly growing need for greater transparency and accountability in the world of television sports coverage," Pilson explained. "Billions of dollars, euros, pounds and yen are involved in the payment for broadcasting rights and the sale of advertising and sponsorship. With so much value at stake, an electronic watchdog such as Teletrax is not a luxury, but a critical tool."

Pilson and Berman will work with Teletrax sales and business development director Christopher Golden, who joined Teletrax earlier in the year from The Hollywood Reporter.

Teletrax offers the only digital video monitoring and content tracking service that provides vital broadcast intelligence on a global scale to video providers such as entertainment studios, news organizations, TV syndicators, and the advertising industry. The company is a joint venture between Royal Philips Electronics of the Netherlands (NYSE:PHG) and Medialink, with an underlying technology that is patent protected both by Philips and Digimarc Corp. (NASDAQ:DMRC) .

Teletrax currently maintains a proprietary network of detectors that monitors the television broadcasts of nearly 1,500 channels from more than 50 nations, including all 210 markets in the United States, representing all measured U.S. television households. Its international network covers television stations across Europe, Asia, the Middle East, Australia, South and Central America, and Canada. Teletrax clients include ABC Television Network, Associated Press, BBC, CBS Television, Disney-ABC Domestic Television, Fox Broadcasting Company, NBC News Channel, The NBC Agency, NBC Universal Domestic Television, Reuters Television, United Nations, ITN Networks, Euro RSCG 4D DRTV, and Medialink. A number of other companies are also in active trials with the Teletrax service.

About Teletrax:

Teletrax (www.teletrax.tv) is the world's first global digital video broadcast intelligence and video asset management service. Teletrax provides clients with video watermarking services that enable them to precisely track and monitor where, when and how their content is being aired via cable, satellite and terrestrially. Clients can easily evaluate, respond to and manage broadcast information relating to their video content through Teletrax's Web-based reporting tools. Teletrax yields critical media intelligence that is of proven value to motion picture studios, news organizations, network and syndicated TV programmers, brand marketers, corporate communicators, and advertising and public relations agencies. Teletrax is headquartered in London, has offices in New York and Hollywood, and maintains its operations hub in Norwalk, Connecticut.

About Medialink:

Medialink (www.medialink.com) is a global leader in providing unique news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their intended audiences with maximum impact on television, radio, print, and the Internet. The Company offers creative services and multimedia distribution programs including video and audio news and short-form programming. Through its majority-owned subsidiaries, Medialink also provides Teletrax(TM), a global television tracking and media asset management service to help clients evaluate return on investment from their programming and advertising efforts. Teletrax is 76%- owned by Medialink and 24%-owned by Royal Philips Electronics. Based in New York, Medialink has offices in major cities throughout the United States and an international hub in London.

With the exception of the historical information contained in the release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Actual results may vary materially from those expressed or implied by the statements herein. Such statements may relate, among other things, to our ability to respond to economic changes and improve operational efficiency, the benefits of our products to be realized by our customers, or our plans, objectives, and expected financial and operating results. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances or using words such as: will, believe, anticipate, expect, could, may, estimate, project, plan, predict, intend or similar expressions that involve risk or uncertainty. These risks and uncertainties include, among other things, our recent history of losses, our ability to achieve or maintain profitability; potential regulatory action; worldwide economic weakness; geopolitical conditions and continued threats of terrorism; effectiveness of our cost reduction programs; the receptiveness of the media to our services; changes in our marketplace that could limit or reduce the perceived value of our services to our clients; our ability to develop new services and market acceptance of such services, such as Teletrax; the volume and importance of breaking news, which can have the effect of crowding out the content we produce and deliver to broadcast outlets on behalf of our clients; our ability to develop new products and services that keep pace with technology; our ability to develop and maintain successful relationships with critical vendors; the potential negative effects of our international operations on the Company; future acquisitions or divestitures, which may adversely affect our operations and financial results; the absence of long term contracts with customers and vendors; and increased competition, which may have an adverse effect on pricing, revenues, gross margins and our customer base. More detailed information about these risk factors is set forth in filings by Medialink Worldwide Incorporated with the Securities and Exchange Commission, including the Company's registration statement, most recent quarterly report on Form 10- Q, most recent annual report on Form 10-K and other publicly available information regarding the Company. Medialink Worldwide Incorporated is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

   For more information:   Mary C. Buhay   Senior Vice President   Medialink Worldwide Incorporated   Tel: 212-682-8300   mbuhay@medialink.com    Ray Yeung   Associate Managing Director   Brainerd Communicators   Tel: 212-986-6667   yeung@braincomm.com    Nancy Zakhary   Associate Vice President   Brainerd Communicators   Tel: 212-986-6667   nancy@braincomm.com  

First Call Analyst:
FCMN Contact:

Source: Medialink

CONTACT: Mary C. Buhay, Senior Vice President of Medialink Worldwide
Incorporated, +1-212-682-8300, mbuhay@medialink.com; Ray Yeung, Associate
Managing Director, +1-212-986-6667, yeung@braincomm.com, or Nancy Zakhary,
Associate Vice President, +1-212-986-6667, nancy@braincomm.com, both of
Brainerd Communicators for Medialink

Web site: http://www.teletrax.tv/
http://www.medialink.com/

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Profile: International Entertainment