October 30, 2008
YOUniversityTV Recruits Internap Managed Server and Content Delivery Network Solutions for Revolutionary College Video Resource Community
Internap Network Services Corporation (NASDAQ: INAP), a global provider of end-to-end Internet business solutions, announced today its Content Delivery Network (CDN) and Managed Server solutions are powering YOUniversityTV, the world's first wholly integrated College Video Resource Community (CVRC) that provides prospective college students with an all-access pass to the campuses of colleges and universities nationwide. Internap was selected due to its engineering expertise and integrated technology solutions designed to support fast-growing, Web-based businesses.
A combination search engine, social network and video resource library, YOUniversityTV is applying innovative workflow software to streamline the complex, time-consuming and expensive ritual of visiting potential schools prior to applying. With more than 200 schools already represented, including state universities and Ivy League institutions as well as prestigious liberal arts schools, YOUniversityTV is serving as a primary resource for both colleges and their current and prospective students.
"Previously, finding, evaluating and selecting a college was neither Web-based nor streamlined," said Ron Reis, chief executive officer and co-founder of YOUniversityTV. "We are leveraging Internap's powerful network and hosting services to connect students with schools while simplifying the tour process. We did our due diligence on the many players in the CDN market and have direct experience with other CDN providers. We selected Internap because they have an end-to-end CDN solution that meets the best standards in the industry for quality and service."
Schools such as Cornell and Stanford see YOUniversityTV as an effective way to attract prospective students, who are increasingly accustomed to researching decisions on the Web. YOUniversityTV's free site is receiving more than one million hits each month, with 20 percent of the traffic coming from exchange students outside the United States. As a result, schools across the country can reach the best applicants, and students worldwide are able to easily tour US colleges.
"As demand grows for spots at top colleges and universities and the cost of travel continues to rise, touring a university on the Web at YOUniversityTV becomes a necessity," said Angelo Kotzamanis, chief marketing officer and co-founder of YOUniversityTV. "We would not risk the success of our Web site on a startup CDN. We believe YOUniversityTV, powered by Internap, will become the destination site for virtual tours of higher learning institutions and a future platform to enhance student life."
According to the National Center for Education Statistics, there were more than three million high school graduates last year and more than 18 million students enrolled in colleges in Fall 2007(1). With the rate of college enrollments expected to grow over 14 percent through Fall 2016(2), YOUniversityTV is well positioned to serve this growing community. The site, set to formally launch November 2008, will include a virtual dorm room which users can decorate to their liking and from which they can manage their list of friends, messages, videos and photos.
"YOUniversityTV has developed one of the best Web-based resources available for higher learning institutions to attract promising applicants and students to select the right collegiate program," said Tim Sullivan, chief technology officer at Internap. "Our sophisticated network and hosting solution serves as the backbone and foundation of YOUniversityTV's innovative website and video content."
YOUniversityTV is the world's first wholly integrated College Video Resource Community (CVRC), which provides an interactive, immersive virtual environment dedicated to colleges and universities and all of those individuals wishing to discover more about them. YOUniversityTV's primary mission is to assist college-bound students and their parents with the college-selection and enrollment process by providing unparalleled access to videos and educational resources for universities nationwide. YOUniversityTV is the only Web site featuring video college tours to be granted complete access to the campuses of the schools it features. YOUniversityTV, which launched in 2008, is based in Boynton Beach, FL. For more information, please visit www.YOUniversityTV.com
Internap is a leading Internet solutions company that provides The Ultimate Online Experience(TM) by managing, delivering and distributing applications and content with unsurpassed performance and reliability. With a global platform of data centers, managed Internet services, a content delivery network (CDN) and content monetization services, Internap frees its customers to innovate their business and create new revenue opportunities. More than 3,700 companies across the globe trust Internap to help them achieve their Internet business goals. For more information, visit www.internap.com.
Internap "Safe Harbor" Statement
Certain information included in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, including, among others, statements regarding the performance of our products, business strategy, projected levels of growth and projected costs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of Internap and members of our management team, as well as the assumptions on which such statements are based. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by forward-looking statements. Other important factors that may affect Internap's business, products, results of operations and financial condition include, but are not limited to: our ability to sustain profitability; our ability to respond successfully to technological change; the availability of services from Internet network service providers or network service providers providing network access loops and local loops on favorable terms, or at all; failure of third party suppliers to deliver their products and services on favorable terms, or at all; failures in our network operations centers, network access points or computer systems; and our ability to protect our intellectual property.
Our Annual Report on Form 10-K/A, Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other Securities and Exchange Commission filings discuss the foregoing risks, as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. We undertake no obligation to revise or update any forward-looking statement for any reason.