SOURCE: Network Foundation Technologies

March 06, 2006 11:13 ET

Network Foundation Technologies Strategic Advisor Clarence Avant Featured on Cover of Billboard Magazine

Music Industry Legend Helping to Guide Network Foundation Technologies' Growth

LOS ANGELES, CA -- (MARKET WIRE) -- March 6, 2006 -- Legendary music industry executive Clarence Avant, a key advisor to Network Foundation Technologies, LLC (NFT), a leading developer of Internet streaming technologies, recently appeared on the cover of highly regarded Billboard Magazine.

"As Billboard notes, Clarence is often called the godfather of the music industry, and while that's a grandiose statement, it's also very accurate. We are honored to have Clarence Avant as a strategic advisor to NFT," said Marcus Morton, NFT co-founder and president. "As a pioneer of the music industry, Clarence faced many challenges but always managed to clear a path to success. Above all else, Clarence is a courageous and visionary leader who shares our passion for creating an epic shift in the entertainment industry by using our streaming platform to deliver unlimited entertainment content to consumers' computers worldwide."

The live streaming technology from NFT, provides customers with the ability to access real time content from anywhere in the world. NFT has already brought Ozzfest TV "live" to the computers of fans worldwide, all in a secure environment for the content owners of Ozzfest.

"I spent my whole career finding ways to get musicians in front of audiences because you can have all the talent in the world, but it means nothing if they don't know you're there," Avant said. "NFT has opened up a whole new distribution channel for entertainment content, and I expect that audiences will benefit by seeing artists live. Likewise, established entertainment companies that own a great deal of content can extend their business by using NFT's platform to deliver 'live' advertising-supported content securely to millions of viewers worldwide."

NFT is part of the exploding trend of digitally distributing entertainment directly to consumers via broadband Internet to computers. But NFT's significant advantages includes its proprietary distributed computing technologies, and the ability to stream live events, such as concerts, breaking-news broadcasts, etc., along with a play list of finished-files. With NFT, content owners can for the first time truly have their own Internet "channel." The NFT platform creates an infinite number of channels whereas today, channel options are restricted to those offered by network TV, cable, and satellite. NFT gives viewers a live TV-like experience, while creating a financially attractive advertising revenue model for content providers.

About Network Foundation Technologies, LLC

Network Foundation Technologies, LLC, is a privately held company focused on developing technologies that provide the foundation for Internet-based broadcast networks. Formed in 2001 by Marcus Morton and Dr. Mike O'Neal, NFT recently became the first privately owned company to move into the new Enterprise Center at Louisiana Tech University. The company's NFT-TV player and server combine to create an innovative distributed online broadcast solution that enables large-scale broadcasting of live and pre-recorded audio/video content at a relatively low cost and with modest server and bandwidth requirements. For more information visit: www.nft-tv.com.

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