SANTA CLARA, Calif., April 16 /PRNewswire/ -- First Virtual
Communications, Inc. (Nasdaq: FVCX) announced today that it will broadcast its
conference call live and via the Internet on Tuesday, April 24, 2001 to
discuss the first quarter 2001 earnings results and future business
strategies. The conference call will begin at 2:00 p.m. PDT and will last for
approximately one hour. Please dial (703) 871-3022 at least five minutes
prior to the start time to participate on the call. A news release outlining
the first quarter financial results will be distributed at 1:00 p.m. PDT on
April 24th, 2001.
Investors have the opportunity to listen to the conference call live on
the Internet at the Company's website at http://www.fvc.com , under Investor
Relations -- by clicking on the webcast icon. Investors should go to the
website a few minutes early, as it may be necessary to download audio software
to hear the conference call. To do so, investors should click on the Real
Player icon and follow directions from there. A replay of the conference call
will be available through the Company's website for seven days or via phone at
(703) 925-2435, passcode #5114077 through May 1st, 2001.
Additional information on First Virtual Communications including an
archive of corporate press releases is also available on the Company's
website.
About First Virtual Communications
First Virtual Communications, Inc. (Nasdaq: FVCX) is a leader in rich
media communications solutions, providing systems and services that enable
system integrators and service providers to deliver an integrated suite of
collaboration applications to its enterprise customers. First Virtual
Communications also delivers solutions directly to corporate and public sector
enterprises. The company's flagship product, Click to Meet(TM), is the
industry's communications platform for high quality, face-to-face
e-collaboration. It is designed to seamlessly integrate video and audio
telephony, data collaboration, and streaming across IP, ISDN, DSL, and ATM
networks. Click to Meet provides a high quality platform for delivering a new
generation of video enabled B2B web applications for commerce, distance
learning, telemedicine, federal and state governments, and the judiciary.
First Virtual Communications' strategic partners include Accord, Adaptive
Broadband, Alcatel, British Telecommunications plc, China Telecom, Cisco
Systems, Inc., CUseeMe Networks, EDS, Ezenia!, France Telecom, Ideal
Technology Solutions, Nortel Networks, PictureTel, Polycom, Qwest
Communications, SBC Communications Inc., Shanghai Telecom, Telstra, Verizon
Communications, Wind, Zydacron and other leading companies worldwide. Further
information about the company is available at http://www.fvc.com .
CUseeMe Networks and Fist Virtual Communications have announced the
execution of an agreement under which the two companies would be merged to
create one of the market's leading rich media communications providers. The
transaction is intended to allow the merged enterprise to leverage greater
market opportunities through its combined resources, products, and expertise.
The transaction is expected to be completed in the second quarter of 2001.
Cautionary Statement
Except for the historical information contained herein, this news release
contains forward-looking statements, including, without limitation, statements
containing the words, "believes," anticipates," expects" and words of similar
import. Such forward-looking statements have known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of First Virtual Communications, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others: First Virtual Communications' variability of operating results,
First Virtual Communications' recent launch of its broadband video services
offering, market acceptance of video technology, First Virtual Communications'
dependence on ATM backbone technology, potential inability to maintain
business relationships with telecommunications carriers, distributors and
suppliers, rapid technological changes, competition and consolidation in the
video networking industry, the importance of attracting and retaining
personnel, management of First Virtual Communications' growth, the risk that
the merger with CUseeMe will not be completed as anticipated and that the two
companies may not be successfully integrated, and other risk factors
referenced in First Virtual Communications' public filings with the Securities
and Exchange Commission, including the company's report on Form-10 K for the
year ended December 31, 2000.
SOURCE First Virtual Communications
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Related links:
http://www.fvc.com
CONTACT:
Melissa Malley of First Virtual
Communications, 408-330-7315, mmalley@fvc.com; or investor, James
Hoyne of The Financial Relations Board, 415-986-1591
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