ATLANTA, GA – May 15, 2007– Internap Network Services Corporation (NASDAQ: INAP), an Internet solutions provider of choice for the world’s elite businesses, today announced its Performance IP™, colocation and advertising services will power goChongo, a unique online entertainment destination and marketplace that embraces the consumer generated content movement. Internap’s proprietary advertising and monetization software lets goChongo subscribers share revenue generated by in-stream ads, allowing participants to earn prize money for contributing the most popular content.
“We’ve created an online entertainment destination where people can come to be creative and we needed a best-in-show Internet service provider promising uninterrupted, reliable service,” said Shawn Plaster, president and founder of goChongo. “Internap’s technology will easily scale to manage the increasing traffic to our site, supporting us with resources essential to streaming our expanding collection of online audio and video files. Thanks to Internap, we can grow quickly while transforming content into revenue sources for goChongo and its audience.”
goChongo provides video producers and performers with an online forum for expressing their creativity, showcasing their talent to compete with others for specified projects. All user-contributed content is released to the goChongo community for rating and voting. The video with the most votes wins a commission, and the highest-rated videos help performers raise their profiles, increasing their exposure for possible participation on future projects. Revenue from pre-roll ads inserted into all contributed content is split among goChongo, a project’s producer and participating performers. Internap’s technology enables goChongo advertisers to commission their own projects for user-generated advertisements in an effort to reach their target demographic in creative, unique ways.
The company chose Internap for its unique end-to-end Internet solutions approach because it was in need of secure, reliable delivery of music and imagery and a highly-scalable platform to provide the best possible user experience. Internap’s Private Network Access Point (P-NAP™) architecture, which is a key element of the Performance IP service, provides intelligent management of network traffic routes, minimizing packet loss and latency over the Internet. The optimized connectivity allows for smooth, uninterrupted streaming of goChongo’s user-generated videos.
“We are helping goChongo take user-generated content to new, creative heights with the most advanced rich-media streaming technology and reporting tools,” said Philip N. Kaplan, chief strategy officer for Internap and general manager of the VitalStream CDN. “Internap’s superior performance, reliability and reach provide the backbone customers like goChongo need to support exponential growth. Our ability to offer premium IP delivery with turnkey monetization services makes Internap the Internet solutions provider of choice for exciting companies like goChongo.”
About Internap
Internap is a leading Internet solutions provider that manages, delivers and distributes applications and content with unsurpassed performance and reliability. With a global platform of data centers, managed IP services, content delivery network (CDN) and content monetization services, Internap frees its customers to drive innovation inside their business and create new revenue opportunities. More than 3,000 companies across the globe trust Internap to help them achieve their Internet business goals. Internap is “Making Innovation Possible.” For more information visit www.internap.com.
Internap “Safe Harbor” Statement
Certain information included in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, including, among others, statements regarding the performance of our products, business strategy, projected levels of growth, and projected costs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of Internap and members of our management team, as well as the assumptions on which such statements are based. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by forward-looking statements. Other important factors that may affect Internap's business, products, results of operations and financial condition include, but are not limited to: our ability to sustain profitability; our ability to respond successfully to technological change; the availability of services from Internet network service providers or network service providers providing network access loops and local loops on favorable terms, or at all; failure of third party suppliers to deliver their products and services on favorable terms, or at all; failures in our network operations centers, network access points or computer systems; the ability to successfully integrate the operations of Internap and VitalStream Holdings, Inc.; and our ability to protect our intellectual property.
Our Annual Report on Form 10-K/A, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and other Securities and Exchange Commission filings discuss the foregoing risks, as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. We undertake no obligation to revise or update any forward-looking statement for any reason.
