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PSINet Founder Bill Schrader Joins
TV Worldwide Advisory Board Tuesday
Former PSINet Chairman and CEO to Support
Next Round of Financing for Fast-Growing TV Worldwide Internet
TV Network
CHANTILLY, VA, Jun 15, 2004 -- TV Worldwide,
a leading web-based TV network, announced today that PSINet
Founder and former Chairman Bill Schrader would join the TV
Worldwide Advisory Board to assist in the company's efforts
to raise a new round of financing to support the growth of
its state-of-the-art Internet TV Network.
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"We are pleased to have Bill Schrader join our advisory
board at this critical juncture in our growth cycle as TV
Worldwide scales its Internet TV network quickly to meet the
demand of a fast-growing, broadband-driven streaming media
sector," stated Dave Gardy, Chairman and CEO of TV Worldwide.
"Bill is a smart and accomplished entrepreneur with special
creative vision who will complement the other members on our
world class board. We welcome him to the TV Worldwide organization."
Other members of the TV Worldwide's prestigious
board include
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Buzz Aldrin, Astronaut, second man
on the moon, pioneer in live webcasting to space and aviation
community, (also co-founder of TV Worldwide)
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Gabe Battista, Chairman of Talk America,
former CEO of Cable and Wireless, former CEO of Network
Solutions. Inc.
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Larry Wilker, Former President, Kennedy
Center, Washington D.C., President, Show On Demand.com
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J. Geils, World-renowned musician
of the J. Geils Band, pioneer in live webcasting of jazz
performances and video-based jazz and blues guitar education
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Bob Korzeniewski, EVP, Corporate Development
and Strategy, Verisign, Inc.
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Wolfgang Tolle, CEO, Launch Dreams,
LLC and Former CTO, Cyveillance Corporation
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Andrew Sherman, Partner, Katten Muchin
and Zavis, noted author of eight books on small business
financing and growth
"TV Worldwide has established a first-mover
position with its Internet TV network of community-based,
interactive channels," commented Bill Schrader. "I
look forward to helping Dave and his team to grow the TV Worldwide
organization to profitably meet the increasing demand for
quality video content delivery using widely available broadband
services."
Schrader established the first commercial
Internet solution in 1989 -- PSINet -- which grew over a 12
year period to $2 Billion in annualized revenue, with 10,000
employees providing services in 30 countries and a reputation
as one of the finest business organizations in the Internet
industry.
About TV Worldwide
As a leading global Internet broadcasting and streaming media
company, TV Worldwide (www.tvworldwide.com)
is developing a network of video channels that is an affiliation
of community-based Internet television stations, each underwritten
by a strategic partner, "aimcasting" SM to targeted
demographic audiences worldwide. TVWorldwide.com works with
strategic partners to develop the latest in live and archived
state-of-the art video streaming content applications. TVWorldwide.com
was recently named one of the streaming video industry's "Hottest
Streaming Companies" by Streaming Magazine, www.streamingmagazine.com,
and CEO Dave Gardy was honored by the magazine as one of the
50 Most Influential People in Streaming Media. Mr. Gardy currently
serves as the president of the International Webcasting Association
(IWA).
Contact: Nate Karle
TV Worldwide.com
www.tvworldwide.com
(703) 961-9250 ext. 222
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