CastUP To Stream Live Broadcast of First Tuesday Israeli Launch In Tel Aviv

For Immediate Release

For more information, please contact:
Philip Hyams -- Marketing Director
e-mail: philip@castup.net
tel: 972.3.550.2080 fax: 972.3.550-7040

P R E S S R E L E A S E

CastUP to provide Streaming Media and Live Broadcast of the First Tuesday Israel Launch Event in Tel Aviv.

CastUP was chosen by First Tuesday Israel to broadcast live coverage of their Launch Event in Tel Aviv September 5th 2000, where top-class entrepreneurs, global investors and the Whos Who of the Israeli high-tech industry will meet.

August 30th, 2000: Tel-Aviv, Israel -- CastUP Inc., a technology and infrastructure provider of streaming video and audio services and 3rd party solutions, announced today it reached an agreement with First Tuesday Israel, to provide streaming media and live event broadcast of the launch event.

According to Avi Ostfeld, CEO of CastUP, We are honoured to work with First Tuesday Israel, at their launch event, where some of the worlds most important high-tech industry players, and talented Israeli entrepreneurs will meet. On Tuesday 5th September 2000 at 8PM at Azrieli Center Tel Aviv, CastUPs talented broadcast team will stream First Tuesdays innaugral event to a global audience of web viewers interested in strategic high-tech issues."

David Alexander, the leader of First Tuesday Israel went on to say, CastUPs expertise in the areas of live event broadcasting and streaming media will ensure reliable access to the First Tuesday Israel launch event around the world. This is an important event with such major sponsors as Arthur Andersen, Red Herring, and Globes - it was vital for us to choose a professional and reliable team, with the technology and infrastructure to match. -- I felt that we could rely on the CastUP team led by Avi Ostfeld".

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About CastUP Inc.

CastUP Inc. is a technology and infrastructure provider of streaming video and audio services and 3rd party streaming media solutions. The company maintains a worldwide network of rich-media servers complemented by an array of sophisticated media streaming implementation and management tools. CastUPs own proprietary developed CastUP NileTM Video Hosting Server System provides service providers and web-site owners with an instant, totally transparent method for broadcasting professional streaming media over the Internet in multiple formats, eliminating the need for on-site, specialized streaming hardware or software. The company is U.S. based with an R&D center in Israel. Visit CastUP at www.castup.net

    
About First Tuesday

Recently merged with Yazam for an estimated $50M, First Tuesday was founded in October 1998 in London. It now holds regular events in over 90 cities worldwide. So far, First Tuesday has helped entrepreneurs raise over $130 million of seed capital and more than 25,000 people attend events each month. First Tuesday Israel is the first in the network to be named after the country, as opposed to the city, and its website is at: http://www.fti.co.il