November 23, 2004
muvee Technologies To Expand Into Korean Market With The Help Of Peach-Telecom
Singapore and Korea –– November 23, 2004 – muvee Technologies, the pioneer and leader in automatic video production, today announced that it has contracted Peach Telecommunication and Computers Inc. as its sales representative in Korea. Peach-Telecom will develop new channels for muvee's instant personal video products in Korea by marketing the award-winning muvee autoProducer PC software to original equipment manufacturers (OEMs) in the territory, and introduce muvee's automatic video production solutions for the cellular phone market.
Terence Swee, muvee’s Chief Opportunities Officer, noted that, ”Peach-Telecom has a solid and established track record in creating new OEM business opportunities in Korea, and muvee is pleased to be working with them to grow our business in the territory. Not only does Korea have a high consumer PC and broadband penetration, but it also boasts one of the most advanced cellular phone networks and a huge user base that has embraced communication with rich media using their mobile phones. With our easy and fun instant personal video software for the mobile phone, users will be able to quickly transform their photos and videos into stylish and compelling video productions – totally automatically and right from within their mobile phones. This, in turn, will drive higher network traffic and enable operators to introduce more value-added services to their subscribers.”
Peach-Telecom’s president, Youn-sung Byun, said “The ability to create and enjoy personal video is quickly becoming a must-have feature on more and more mobile phones in Korea, and consumer demand for an easy-to-use, automated video production tool is now higher than ever. muvee autoProducer’s revolutionary approach to consumer video is a perfect fit, and we are excited to be working with muvee to introduce their software to Korean OEMs at such an opportune time.”
About muvee Technologies
Founded in 2001, muvee Technologies is a privately held company headquartered in Singapore with a subsidiary, muvee Technologies, Inc. in New York. The company’s award-winning PC product, muvee autoProducer, is designed to let even the most novice user easily and automatically transform raw video footage and/or pictures into compelling, professional-looking multimedia productions. Users simply put in their video clips and/or photos, add in their favorite music, pick one of the many available production styles, and muvee autoProducer does the rest. In minutes, the software intelligently selects the best scenes from the video footage, and automatically cuts these highlights to the music with effects and transitions synchronized to the beat.
To date, muvee autoProducer has sold into over 100 countries worldwide, and is bundled globally with major original equipment manufacturers including Hewlett-Packard, ATI and Sony. muvee autoProducer is also available in retail stores across the USA, Europe and Japan.
muvee Technologies will be launching the all-new muvee autoProducer 4 at the 2005 International CES in Las Vegas.
About Peach-Telecom
Peach-Telecom, located in Seoul, Korea, is the region’s leading graphics solutions provider, and has served Korea’s major PC original equipment manufacturers including Samsung Electronics, LG Electronics, and TG since 1999. Peach-Telecom also currently represents NVIDIA Corporation in the Korean territory.
Notes to Editors
muvee (pronounced “mew-vee”) n., always lowercase- Slick video production created in minutes using intelligent, automatic editing technology.
- An abbreviation for muvee Technologies , the creators of muvee autoProducer software.
“muvee” is a registered trademark of muvee Technologies Pte Ltd. For more information, please visit www.muvee.com.
Contact:
Tania Chew
Email: tania.chew@muvee.com
J.B. Lee
E-mail: jblee@peachtel.co.kr