MICHAEL WEISS RETURNS AS CEO OF STREAMCAST NETWORKS |
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Entertainment industry veteran hired to make company's Morpheus software most popular download . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Los Angeles, Calif. - April 30, 2003 - StreamCast Networks, Inc., developers of the Morpheus™ peer-to-peer (P2P) file sharing software, today announced the re-appointment of Michael Weiss as chief executive officer. "There is no one better qualified for this job than Mike," said Bill Kallman, a member of StreamCast's board of directors and a managing partner at Timberline Venture Partners. "No one knows the P2P market better. He's worked in the entertainment industry for decades. He understands how to build a business and was responsible for creating Morpheus in the first place. We are fortunate to have him take charge at such a historic moment in time as the company enters a new era of growth." During his tenure as president and CEO with StreamCast Networks, formerly known as MusicCity.com, Weiss launched the first version of Morpheus software two years ago and was responsible for it becoming the most popular software on the Internet according to CNET. Since then, over 110 million copies of the software have been downloaded worldwide. Just last week, the U.S. District court in Los Angeles rejected entertainment industry copyright claims against StreamCast Networks, making Morpheus software the most widely used legal file sharing software product available. "I intend for Morpheus to regain its #1 position," said Michael Weiss, newly appointed CEO of StreamCast Networks. "We were #1 because we cared about our users, we listened to our users and we provided our users with a superior experience. My message for everyone that has ever used Morpheus in the past is 'we're back' and it starts tomorrow with the release of Morpheus 3.0." Weiss has an extensive experience in the Internet and entertainment industries. Prior to StreamCast, Weiss was founder of WebRadio.com, a subsidiary of GEO Interactive Media Group, Ltd. (GIM:LSE) and served as its vice president and general manager. Previously Weiss was vice president marketing and entertainment at CD-ROM company, Sirius Publishing from 1994 to 1998. He was a pioneer in the home video industry having established one of the first video stores in the world in 1978. He was actively involved in lobbying efforts against the Motion Picture Association of America's efforts to repeal the First Sale Doctrine thereby paving the way for legal video rentals. In 1974, Weiss helped establish one of the music industry's first major record pools, Chicago's Disco-Tech, Inc., helping to gain exposure of new recording artists that could not obtain radio airplay. About StreamCast Networks, Inc. ### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Copyright © 2003 Streamcast Networks™ All rights reserved. Streamcast Networks, the Morpheus logo, the MusicCity.com logo, and all other trademarks, service marks and trade names of Streamcast Networks appearing on this web site are the property of Streamcast Networks, Inc. Morpheus is a trademark of Streamcast Networks. MusicCity and Streamcast Networks do not condone copyright infringement.
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