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iBEAM Broadcasting Announces Completion of $40 Million Investment;
Company Also Announces Board of Directors and Management Changes


WEDNESDAY, JULY 11, 2001 9:20 AM
- BusinessWire

SUNNYVALE, Calif., Jul 11, 2001 (BUSINESS WIRE) -- iBEAM Broadcasting(R) Corp. (Nasdaq:IBEM), a leading
provider of streaming communications solutions, announced today that it has completed the previously
announced strategic partnership and funding transaction with four investors including Williams Communications
(NYSE:WCG), a leading provider of broadband services for bandwidth-centric customers, under which the
investors have provided iBEAM $40 million in cash and services. The other investors are Allen & Company
Incorporated, who acted as financial advisor to Williams Communications in the transaction, TouchAmerica Inc.,
and Lunn iBEAM, LLC.

Peter Desnoes, chairman, president, and CEO of iBEAM, said, "We are very pleased to have established this
strategic partnership with Williams Communications and obtained the funding needed to continue providing
superior quality streaming products and services to our customers. We look forward to leveraging Williams
Communications` extensive international fiber optic network and broadband and reseller services to capitalize
on new opportunities for our world-class streaming solutions."

Under the terms of the agreement, iBEAM issued and sold 2,400,939 shares of convertible preferred stock for
a total purchase price of $30 million in cash, plus an in-kind contribution of services by Williams
Communications valued at $10 million, for total consideration of $40 million. The preferred stock votes with the
common stock on an as converted basis and is initially convertible into 240,093,900 shares of common stock of
iBEAM, representing approximately 65% of iBEAM`s outstanding voting stock. Williams Communications holds
preferred stock initially convertible into 49% of iBEAM`s outstanding voting stock.

iBEAM requested and obtained an exception to the shareholder approval requirements and a waiver of the
voting rights rules from The Nasdaq Stock Market, citing the company`s immediate need for the funds.

In connection with the completion of the transaction, four new members were appointed to iBEAM`s Board of
Directors: Howard Janzen, President and CEO, Williams Communications; John Bumgarner, President of
Strategic Investments, Williams Communications; Laura Kenny, President of Vyvx, a subsidiary of Williams
Communications, and Paul Gould, Managing Director of Allen & Company. Following the resignations of two
iBEAM Board members, Rich Shapero, Managing Partner of Crosspoint Ventures Partners and J. Peter Wagner,
General Partner of Accel Partners, both part of iBEAM`s original venture funding group, iBEAM`s board of
directors now has nine members.

In connection with the completion of the transaction, iBEAM also announced several senior management
changes, reflecting the company`s increased focus on its two key markets: Enterprise and Entertainment.
Robert Davis, previously Senior Vice President of Sales, has been appointed President of Entertainment
Services. Nicholas Balletta, previously Senior Vice President and General Manager of Enterprise Services, has
been appointed President of Enterprise Services. Kurt Hoffman, formerly Chief Operating Officer, and Thomas
Gillis, formerly Senior Vice President and General Manager of Entertainment Services, have resigned from the
company. Further, Geoff Ribar, Chief Financial Officer, has announced his plans to resign from the company
as of August 1, 2001. A search for his replacement is currently underway.

The investment banking firms of Morgan Stanley & Co. and Dresdner Kleinwort Wasserstein advised iBEAM on
the transaction.

About iBEAM Broadcasting Corp.

iBEAM Broadcasting(R) Corp. (Nasdaq:IBEM), founded in 1998, is a leading provider of streaming
communications solutions. iBEAM`s end-to-end solutions for enterprise and media customers include interactive
webcasting, streaming advertising insertion, syndication and pay-per-view management, and secure, licensed
download and geographical identification applications. iBEAM currently delivers more than 100 million audio and
video streams per month across its intelligent distribution network of satellite connected, high-performance
servers located in more than 210 networks around the world. Several hundred innovative companies use
iBEAM`s global services including media leaders, CNBC, MTVi, and LAUNCH.com, and enterprise customers
IBM/Lotus, Bristol-Myers Squibb, and Merrill Lynch. iBEAM is headquartered in Sunnyvale, Calif.

iBEAM`s Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release are forward-looking statements. Actual results may differ materially
from those anticipated in any forward-looking statement as a result of certain risks and uncertainties, including,
without limitation, the success of the business relationship between iBEAM and Williams Communications, the
impact of the substantial dilution resulting from the transaction on the trading price of iBEAM`s common stock;
iBEAM`s ability to obtain additional funding, increase its revenues and expand its customer base, reduce its
capital expenditures and other operating expenses, improve its gross margins and reduce its cash
consumption; iBEAM`s ability to remain listed on the Nasdaq National Market, the early stage of iBEAM`s
operating history and the industry for Internet broadcast services, the impact of competition; and the desirability
of iBEAM`s new and existing products and services in the market. For other risks and uncertainties applicable
to iBEAM`s business, investors are encouraged to refer to iBEAM`s most recent Form 10-Q, Forms 8-K and
Form 10-K filed with the Securities and Exchange Commission.

CONTACT: iBEAM Broadcasting Corporation, Sunnyvale
Rick Gaisser, 408/830-3548 (Investor Relations)
[e-mail]
Anna Caldwell, 408/523-1634 (Public Relations)
[e-mail]

URL: http://www.businesswire.com
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Copyright (C) 2001 Business Wire. All rights reserved.

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: E-COMMERCE
ENTERTAINMENT
INTERNET
NETWORKING
TELECOMMUNICATIONS
MANAGEMENT
CHANGES

Welche Höhen werden diesmal erreicht, und wie lang wird`s halten.?
Langfrist oder nur spekulation für one week ?

MFG KaterLudwig

[KaterLudwig]

11:20am
07/11/01
Ibeam secures $40M investment (IBEM, WCG) By Michael Baron
Ibeam Broadcasting (IBEM) is surging 13 cents, or 61.9
percent, to 34 cents after the Sunnyvale, Calif., provider of
streaming communications products completed a $40 million
funding transaction. The deal is with an investor group made
up of Williams Communications (WCG) , Allen & Co.,
TouchAmerica Inc., Lunn iBEAM LLC. The transaction swaps
roughly 2.4 million shares of Ibeam convertible preferred
stock for $30 million, while Williams will contribute $10 million
worth of services in-kind. The preferred stock is initially
convertible into about 240 million Ibeam common shares,
roughly 65 percent of the company`s outstanding stock.
Ibeam also restructured its board and senior management
team as part of the deal.

...aktuell in US +114%

Das gibt ein ( grünen ) Spass MORGEN

...viel $$$$$$$$$$$$$$ für ALLE, die mit dabei sind.

KaterLudwig

[KaterLudwig]

beam Broadcasting (IBEM: news, msgs, alerts) soared more than
61 percent after the Sunnyvale, Calif., provider of streaming
communications products completed a $40 million funding
transaction. The deal is with an investor group made up of Williams
Communications (WCG: news, msgs, alerts) , Allen & Co.,
TouchAmerica Inc., Lunn iBEAM LLC. The transaction swaps
roughly 2.4 million shares of Ibeam convertible preferred stock for
$30 million, while Williams will contribute $10 million worth of
services in-kind. The preferred stock is initially convertible into
about 240 million Ibeam common shares, roughly 65 percent of the
company`s outstanding stock.

Kann doch ein schöner Zock werden.........