AMPEX UNIT iNEXTVS ZERO TO 60 WITH TED WEST" TO BE FEATURED ON AUTOBYTEL.COM, CARSMART.COM AND AUTOBYTEL.CA

iNEXTV Signs Content Distribution Agreement With Autobytel.com

CONTACTS:
Jocelyn Brandeis                        Karen Dexter   
iNEXTV                           Ampex Investor Relations   
212/735-1038                           650/367-4111   
jocelyn@iNEXTV.com   

AMPEX UNIT iNEXTVS ZERO TO 60 WITH TED WEST" TO BE FEATURED ON AUTOBYTEL.COM, CARSMART.COM AND AUTOBYTEL.CA

iNEXTV Signs Content Distribution Agreement With Autobytel.com

New York, NY, June 20, 2001 -- iNEXTV Corporation, the premier producer, aggregator and syndicator of video for the Internet and a wholly-owned subsidiary of Ampex Corporation (Amex:AXC), today announced it has signed a content distribution agreement with Autobytel.com, the global leader in online automotive commerce, to feature iNEXTVs original automotive streaming video series, ZERO TO 60 WITH TED WEST.

iNEXTVs ZERO TO 60 WITH TED WEST is a weekly video car review show where Ted West, award-winning contributor to Road & Track, gets behind the wheel of todays hottest and most sought after cars and puts them to the test on the open road. The market is bursting with exciting cars, and ZERO TO 60 WITH TED WEST will help viewers make all the fine distinctions and right choices.

iNEXTVs automobile programming helps empower consumers to make more informed decisions when researching and purchasing a new automobile, as streaming video provides users with the ability to actually view what they are considering for purchase. Buying an automobile is a very personal matter, and iNEXTVs ZERO TO 60 WITH TED WEST segments describe quantitative data -- a cars horsepower, braking or seating capacity - and also more subjective aspects such as its feel and personality.

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Viewers receive complete reviews of all the automobiles covered in the segments. Reviews include BMWs X5, Audis A8 L, Mitsubishis Eclipse, Volvos V70, Mercedes-Benzs CL500, Lexuss IS300, and the Nissan Pathfinder SE.

Following on the heels of iNEXTVs recent syndication announcement with CarTrackers.com and MotorCities.com, the agreement with Autobytel.coms websites significantly increases iNEXTVs distribution network and advertising inventory, as the programming will be featured on Autobytel.com, Carsmart.com, and Autobytel.ca. Both companies will share revenue from advertising, generated from sponsorship of the programming.

Buying a car is a big financial decision, and nothing communicates as effectively as sight, sound and motion," said Peter Boyd, vice president of business development, iNEXTV Corporation. We believe that our objective video car reviews can enhance the shopping experience for Autobytel.coms customers."

Using iNEXTVs custom player window to serve the video, Autobytel.com Inc. will supply users with co-branded, interactive programming, including iNEXTVs ZERO TO 60 WITH TED WEST. Programming began earlier this week.

All iNEXTV programming is encoded, hosted and streamed via iNEXTVs custom player window streaming and advertising video interface. The player window utilizes Ampexs proprietary video technology, which delivers a crystal clear viewing experience while lowering bandwidth costs and offers multi-level advertising and branding opportunities. All of the programming is accessible to users of Microsoft Windows Media Player and Real Networks RealPlayer.

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About iNEXTV
iNEXTV Corporation is the premier producer, aggregator and syndicator of video for the Internet, and is a wholly-owned subsidiary of Ampex Corporation (Amex:AXC). iNEXTV and its subsidiary have a syndication network that reaches more than 100 million unique monthly users via its distribution partnerships with Microsofts WindowsMedia.com, AskJeeves, Yahoo!, Qwests Online Avenue, TravelNow.com and ClassicCar.com among others. Headquartered in New York City, iNEXTV produces and syndicates original Internet video programming from its production facilities in New York, Los Angeles and Munich, Germany. Programming categories include politics and business, travel, fashion, automotive and entertainment - showcasing iNEXTVs superior streaming technology with content. For more information about iNEXTV and its programming, syndication and advertising offerings, please visit us at www.iNEXTV.com.
(Minimum requirements to view iNEXTV webcasts: (1) RealPlayer® software, available for free download at www.real.com, or (2) Microsoft Windows Media Player, available for free download at www.windowsmedia.com, and at least a 28Kbps connection to the Internet, but 56Kbps is recommended. If you experience problems downloading the software or viewing site content, please send an email to techsupport@inextv.com .)
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties and unforeseen circumstances that could cause actual results to differ materially from those currently anticipated. Potential risks and uncertainties include, without limitation, risks of continuing losses from future operations, risks of declining liquidity, risks affecting the Company's Internet strategy; ability to sell advertising, and to obtain additional distribution; uncertainty as to the timing or terms of any sale of Data Systems and other risks mentioned in the Company's 2000 Annual Report on Form 10-K filed with the SEC, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2001.

www.iNEXTV.com