Nevada City, CA, February 5, 2001 - Telestream, a leading provider of media encoding, delivery and streaming media infrastructure products, today announced that it has entered into an OEM agreement with WAM!NET, Inc., a leading information technology services provider, to bundle Telestream ClipMail Pro™ and ClipExpress™ store-and-forward media delivery appliances with WAM!NET Compressed Video Delivery Services. Telestream's award-winning ClipMail Pro and ClipExpress are desktop MPEG appliances optimized for easy media encoding, decoding, network delivery and viewing. These store-and-forward media devices are an important component of WAM!NET's turnkey Compressed Video Delivery Service, which also leverages WAM!NET's fully managed global network. Via this service, WAM!NET's customers in the post production, studio, broadcast, corporate and advertising agency markets are able to quickly and easily deliver video from any computer desktop or Telestream video appliance, streamlining the creative review, network clearance and content distribution processes. Since Telestream's initial introduction two years ago, Telestream ClipMail Pro and ClipExpress have gained worldwide acceptance by the demanding content creation market. "We selected Telestream ClipMail Pro and ClipExpress because of their ease of use and turnkey integration into existing video environments," said Jim Miller, product manager for WAM!NET Video Services. "They combine the wide range of MPEG encoding/decoding and viewing features that professional users require, along with the ability to standards convert media on the fly between NTSC and PAL."