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BitGravity Selected By AlwaysOn As an OnHollywood 100 Top Private Company Award Winner for Leadership in Emerging Technology for Digital Entertainment and Media

Posted on: Thursday, 29 May 2008, 12:00 CDT

BitGravity, a pioneer in Content Delivery Networks (CDNs) for interactive broadcasting, today announced that it has been chosen by AlwaysOn for the second year in a row as one of the OnHollywood 100 Top Private Companies. The OnHollywood 100 is a power list of the top private emerging technology companies in digital entertainment and media. BitGravity was handpicked by the AlwaysOn editorial team based on a set of five criteria -- innovation, market potential, customer adoption, media buzz and investor value creation.

BitGravity will be honored at the OnHollywood & BRiM event on June 10-11, 2008 at the Sofitel Hotel in West Hollywood, California. OnHollywood gathers executives from both the entertainment and the technology industries to identify and debate emerging trends in addition to building relationships and taking advantage of potential new business partnerships.

"This year's OnHollywood 100 represents the brightest of the innovators in the new media space. We are enthusiastic about gathering the leaders in a collaborative environment that fuses these two industries together, culminating in the richest, most progressive conversations on Hollywood's digital movement," said Tony Perkins, founder and CEO of AlwaysOn.

"We are thrilled to again be included as one of the OnHollywood 100 Top Private Companies," said Perry Wu, CEO and co-founder of BitGravity. "This honor validates BitGravity's innovation in delivering the first HD, Live and secure content delivery service. Our vision is to optimize the delivery and enrichment of the world's content through an unmatched user experience and we started with high quality, affordable Live streaming and a security suite that enables media companies to protect and monetize their content for less than $.02 for a full feature film."

About BitGravity

BitGravity has built the first CDN for Interactive Broadcasting, which is optimized to deliver affordable, HD-quality video on demand, live broadcasts, and interactive applications for massive audiences on the Internet. BitGravity's patent-pending CDN is Tier 1, highly scalable, and delivers the performance that consumers want and expect, including streaming videos that play instantly, and live video with no buffering. The company is based in Burlingame, CA and is privately funded.

About OnHollywood 2008

June 10-12 @ The Sofitel Hotel, West Hollywood, California

OnHollywood is where cutting-edge technology CEOs from the back streets of Silicon Valley meet the Hollywood digital entertainment and media elite. This two-and-a-half-day executive event features high-level debates on which forces are disrupting user behavior and creating new opportunities, content strategies and monetization schemes in the video, music, gaming, search, and mobile industries.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online.

 For BitGravity Terpin Communications Christina Hwang (310) 821-6100 x104 Email Contact  For OnHollywood Elina Heng (310) 821-6100 X 108 Email Contact

SOURCE: BitGravity

Source: MARKET WIRE

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