GoFish And Broadband Enterprises Form Syndication Partnership
GoFish Original Programs to be distributed Across Broadband Enterprises Syndication Platform of 1,800 Sites
SAN FRANCISCO and NEW YORK - May 3, 2007 - GoFish Corporation (OTCBB: GOFH), the leading Internet Video Network showcasing original, Made-for-Internet ('MFI') programming, today announced a strategic partnership with Broadband Enterprises, the world's premier online video network. The partnership will enable GoFish to distribute its MFI shows across Broadband Enterprises' syndication network of over 1,800 affiliate Web sites.
In addition to providing distribution services to deliver GoFish's video content across the Internet, Broadband Enterprises will be responsible for the insertion, delivery, serving and tracking of advertising across these streams. The two companies will collaborate on the sale of advertising and will share revenues from the video streams that are delivered across Broadband Enterprise's syndication network.
Broadband Enterprises currently delivers targeted ads across more than 800 million video streams per month and has an aggregate audience count of roughly 40 million monthly unique users, according to comScore Media Metrix. GoFish and Bolt Media, which are pending merger announced in February, combined represent the largest independent online video property on the Internet, according to comScore Media Metrix.
Scott Sternberg, who brings more than 20 years of television production experience to his role on Seduce A Celeb, will collaborate with GoFish on the development of the program. In addition to a repertoire of documentaries, scripted drama, talk shows and reality programming, Sternberg is currently producing Hey Paula with Paula Abdul for Bravo, The Academy for Fox Reality, and Sunday Morning Shootout for AMC. His game show credits include Hollywood Squares, Love Connection, That's the Question and Rock and Roll Jeopardy.
GoFish operates an Internet Video Network that focuses on the development of a wide variety of original, MFI programming. These programs incorporate elements of both professionally produced and user-generated content to create an immersive and highly interactive user experience. The company intends to introduce new shows every quarter and has partnered with some of Hollywood's leading talent, agencies and management firms for their development. Peter Guber, chairman and CEO of Mandalay Entertainment Group, is a member of the GoFish board of directors.
"The explosive growth of online video has prompted content creators and advertisers to look to this medium as the next frontier in entertainment," said Matt Wasserlauf, CEO of Broadband Enterprises. "Broadband Enterprises' distribution and ad serving capabilities combined with GoFish's original video programming create an extremely compelling platform with which to capitalize on this expansion."
"We are very excited to announce this partnership with Broadband Enterprises, which will massively broaden the reach of our original MFI programming and deliver targeted, editorially relevant ads across our shows," said Michael Downing, founder and CEO of GoFish. "With these enhanced distribution capabilities and our growing slate of programs, we are creating one of the most robust online video offerings available on the Web."
About GoFish Corporation
GoFish Corporation, (OTCBB: GOFH) headquartered in San Francisco, is a leading consumer online video destination that, in two years, has grown to deliver millions of videos per month to a rapidly growing audience of enthusiasts. An early entrant into the user-generated video sector and the first publicly traded company in the space, GoFish is a place on the web where millions of people come to upload, share and watch their favorite videos from around the world. For more information about the company, go to www.gofishcorp.com.
About Broadband Enterprises
Founded in 2004, Broadband Enterprises is the premier online video network. Broadband Enterprises consists of more than 1,700 publishers, delivering 800 million monthly video streams. Broadband Enterprises vSyndicate service offers publishers a revenue-generating, full-service, fully-managed broadband video content and advertising solution. More information at www.broadbandenterprises.com
Media Contacts for GoFish
Nils Erdmann, GoFish Corporation, 415-738-8705, nils@gofish.com
Tom Sarris, GoFish Corporation, 415-738-8705, tom@gofish.com
Investor Contacts for GoFish
Nate Wright, Market Street Partners, 415-445-3239, nate@marketstreetpartners.com
Joann Horne, Market Street Partners, 415-445-3233, joann@marketstreetpartners.com