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EXHIBIT 99.1
[VIEWCAST.COM LOGO] NEWS RELEASE
FOR IMMEDIATE RELEASE ViewCast.com Contact: Investor Contact:
Laurie Latham Cathy Grittner
Chief Financial Officer Katherine Stubblefield
972-488-7200 Shelton Communications Group
Tel: 972-239-5119
Fax: 972-239-2292
VIEWCAST.COM ANNOUNCES CONVERSION OF DEBENTURES TO COMMON SHARES
DALLAS (Sept. 26, 2000) - ViewCast.com, Inc. (Nasdaq: VCST), a leading provider
of networked video solutions, today announced the conversion of $3,000,000 of
their 7% senior convertible debentures due 2004. The convertible debentures were
issued in April 2000 and raised gross proceeds of $4.45 million for
ViewCast.com. The debentures were converted at an early conversion price of
$4.50 per share and resulted in the issuance of 666,666 common shares.
"We are very encouraged by this transaction," said Laurie Latham, ViewCast.com's
chief financial officer. "We believe it materially strengthens the company's
balance sheet by reducing our long term debt."
ABOUT VIEWCAST.COM
ViewCast.com enables video communication over the Internet and corporate
networks through its components, systems, and turnkey solution products. The
company is known as a leading global provider of enterprise-wide, digital video
communications solutions for both real-time and on-demand applications.
Osprey(R) video capture cards and codecs, ViewCast(R) Streaming Video Solutions
and Viewpoint VBX System(TM) products deliver a wide array of video solutions
for both analog and digital video communication systems. ViewCast.com's "Your
Video on the Web(TM)" was the first consumer product and hosting service to
bring streaming media capabilities to home users and allow small businesses to
easily add video to their web sites. ViewCast.com has the ability to deliver
cutting-edge networked video solutions while delivering systems to transition
legacy video communication equipment. ViewCast.com products are available either
directly from the company, or from leading OEMs, system integrators, leading
resellers and application developers worldwide.
Visit the ViewCast.com Web site (http://www.viewcast.com), or you can visit our
new Osprey Video Web site (http://www.ospreyvideo.com) for more information.
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VIEWCAST.COM, INC. CONVERSION OF DEBENTURES
This press release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which reflect the Company's current
judgment on certain issues. Because such statements apply to future events, they
are subject to risks and uncertainties that could cause the actual results to
differ materially. Important factors which could cause actual results to differ
materially are described in the Company's reports on Form 10-KSB and 10-QSB on
file with the Securities and Exchange Commission.
All trademarks are property of their respective holders.
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