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Release: June 16, 2000

AudioNet International joins UI Technology Innovation Center

CORALVILLE, Iowa -- AudioNet International, LLC is a new tenant at the University of Iowa Technology Innovation Center (TIC).

The Board of Regents, State of Iowa has approved a lease effective July 1 allowing AudioNet to locate in the TIC on the Oakdale Research Campus in Coralville. AudioNet's main office will be in Room A-105, Oakdale Hall.

AudioNet produces and delivers live teleconferences on a web site, integrating voice communication and visual presentation and telephones for voice communication. AudioNet brings meetings, presentations, speeches and seminars to business associates or organization members in groups as few as ten or as large as 1,000.

With the AudioNet system, companies or associations can conduct meetings where the attendees remain in their offices, viewing presenter's materials on a custom web site made for the occasion. Participants can interact with the presenter via telephone or email. Presentations can also be recorded for later playback.

The company has as its initial clients the health care industry and will expand its market to serve any company or organization that needs to provide education and training to its employees. Companies could use the technology to communicate with sales and distribution forces, or provide investors with information.

AudioNet was organized in April 1999, establishing its initial office in Cedar Rapids. Corporate officers are: John Beck, formerly of Phoenix, Ariz., who is president and chief executive officer, and Michael Garvin of North Liberty, chief operating officer. Garvin is a safety engineer with UI Hospitals and Clinics.

"As the Internet becomes more integrated into our personal, professional, and business lives, people are looking for ways to use this technology for effective conferencing," said Garvin.

"We focus on both health care management and medical education. While to this point we have focused on the United States market, we now have plans to air a thoracic surgery continuing medical education session into South America in September," added Garvin.

One of the university's technology transfer programs, the TIC was established in 1984 to nurture new technology-based business ventures and to encourage those companies to establish relationships with the UI.

With the addition of AudioNet firms, the TIC will have 17 tenant companies. Fifteen TIC "graduate" firms have expanded their business after leaving the incubator.

For additional information about the TIC, contact Tom Bauer, associate director at (319) 335-4067.