AMPEX UNIT iNEXTV TO DISTRIBUTE STREAMING VIDEO SERIES ON MICROSOFT’S WINDOWSMEDIA.COM

New York, NY, May 2, 2001 โ€” iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex:AXC), today announced it has signed an agreement to distribute iNEXTV’s original streaming video series via Microsoft’s WindowsMedia.com and the integrated Media Guide in Windows Media Player 7.

iNEXTV’s more than 25 original streaming video series include MY TAKE WITH HUGH DOWNS, a weekly show where every subject is game for one of the most respected commentators in America, as Hugh Downs offers his special insights on society and the body politic; DESTINATIONS WITH SHARI BELAFONTE, a weekly travel show featuring celebrity/photographer Shari Belafonte spanning the globe to uncover some of the most fascinating people, places and things; ZERO TO 60 WITH TED WEST, a weekly automobile show where Ted West, award-winning contributor to Road & Track, gets behind the wheel of today’s hottest and most sought after cars and puts them to the test on the open road; and THE HOLLYWOOD REPORTER MINUTES, a daily entertainment show covering the latest entertainment news, straight from the industry’s most respected magazine โ€” The Hollywood Reporter.

โ€œAs a featured content provider at WindowsMedia.com, iNEXTV will bring fresh and exciting content to the millions of people who enjoy using WindowsMedia.com and the Windows Media Player 7 Media Guide for the best audio and video online,โ€ said Jonathan Usher, group manager for the Digital Media Division at Microsoft Corp.

โ€œWindowsMedia.com is a great place to distribute iNEXTV’s streaming video programming,โ€ said Peter Boyd, Vice President, Business Development, iNEXTV.

โ€œThe broad appeal of iNEXTV’s programming is a perfect fit with the diverse audience that turns to WindowsMedia.com.โ€

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iNEXTV’s programming will be featured in the Lifestyle and Entertainment Guides at WindowsMedia.com, which is also accessible through the Media Guide in Windows Media Player 7. With more than 240 million copies distributed, Windows Media Player offers the largest installed base of secure media players in the world.

iNEXTV’s programming is encoded, hosted and streamed using Microsoft Windows Media Technologies to ensure the highest quality audio and video.

Viewers who access the content through WindowsMedia.com or Windows Media Player are linked to iNEXTV’s Web site, where they can play back additional content via iNEXTV’s customized version of Windows Media Player, which includes iNEXTV’s unique rich media video advertising platform. All content is processed utilizing Ampex’s proprietary technology to provide multi-level advertising and branding opportunities.

About iNEXTV

iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly-owned subsidiary of Ampex Corporation (Amex:AXC).

iNEXTV and its subsidiary have a syndication network that reaches more than 20 million unique monthly users via its distribution partnerships with Yahoo!, AskJeeves, Juno, Qwest’s Online Avenue, TravelNow.com and ClassicCars.com among others. Headquartered in New York City, iNEXTV produces and syndicates original Internet video programming from its production facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, exotic travel, fashion, automotive and entertainment – showcasing iNEXTV’s superior streaming technology with content.

For more information about iNEXTV and its programming, syndication and advertising offerings, please visit us at www.iNEXTV.com.

(Minimum requirements to view iNEXTV webcasts: Microsoft Windows Media Player, available for free download at www.windowsmedia.com, and at least a 28Kbps connection to the Internet, but 56Kbps is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com .)

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