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Additional Funding Completed For The Pioneering Home Networking Company


18th June 2002 – Home Media Networks Ltd, developer of network-capable home entertainment software today announced that it has secured a significant second round funding of approximately £500,000 to support its continued investment in OEM development. The funding represents the commitment of the original private investors, and a number of new ones, to the networked home and how consumers will interact with media in the future.


Home Media Networks’ debut home entertainment software – ShowShifter – allows the user to watch, record and time-shift (pause) TV, play DVD videos and listen to CDs and MP3 music files all through one interface. Having already announced high profile OEM agreements for ShowShifter to be included on different platforms this year, Home Media Networks is actively seeking out new relationships with other vendors in the home entertainment space.


“Recent advances in processor and storage technologies have meant that standard PCs are capable of capturing, compressing and storing high quality video in real-time,” comments Home Media Networks CEO, John Croft. “We are at the forefront of the market for software that harnesses the video capabilities of the home PC. The additional funding will go directly to investment in the product, and developing additional sales and marketing activities to cement this.”


English and international evaluation versions of ShowShifter can be downloaded from -

http://www.showshifter.com


About Home Media Networks Ltd

Home Media Networks Ltd is a company focused on the fast growing digital entertainment sector, producing software that runs on standard PC platforms to allow the user to watch, record and pause TV, play DVDs, and listen to MP3 music files. Its solution, ShowShifter, allows the user to pause a TV show to be replayed later and can be controlled remotely using a standard infrared remote control. Through unique FarView technology interaction works equally well close up or at a distance from the screen. Showshifter is a replacement for TV, VCR, DVD and CD players in a traditional household, thus introducing numerous cost savings for the consumer. Home Media Networks Ltd has offices in the UK in Edinburgh and Crawley.


More information at http://www.homemedianetworks.com

Editorial contacts:

For interviews, review copies of both ShowShifter software and hardware using ShowShifter, and photography please contact:

MCC International

Martin Brindley/Adrian Brophy

Tel: 01962 888100

hmn@mccint.com


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