FOR IMMEDIATE RELEASE
Tuesday, February 19, 2003

Widevine Technologies Closes $7.8 Million in Funding from Key Media Centric Investment Groups

Clifford Friedman, Sr. Managing Partner, Constellation Ventures joins the Board

Seattle, WA, February 19, 2003 – Widevine Technologies today announced the closing of $7.8 million in venture funding. This represents the first traunche of its Series One rights offering. Joining in this round are two key media centric funds: Constellation Ventures and Pacesetter Capital.

“This financing represents two key milestones for Widevine, first and foremost, the use of these funds will be focused in implementing our sales and marketing plan for the Cypher Suite” stated Brian Baker, President and Founder. “Almost as important as the cash is the source, Constellation and Pacesetter both represent significant rolodexes in the entertainment and video delivery markets.”

Widevine’s Cypher Suite addresses the growing need for a combination Conditional Access and Digital Rights Management solution for the delivery of next generation Interactive TV services.

Constellation boasts limited partners such as Bear Stearns, Sony, Viacom, Dai Nippon Printing, NTT Data, among others. Pacesetter includes the MSO powerhouse Time Warner Cable in its portfolio. “The strategic investors involved in this round of capital will provide access to the heart of the video markets Widevine addresses,” said Baker.

Simultaneous with the closing of this round, Clifford H. Friedman, Sr. Managing Partner of Constellation Ventures, was elected to the Board of Directors. Mr. Friedman brings over twenty years of venture capital, investment, financial, technical and media expertise to Widevine. “Constellation focuses on companies addressing markets in which we have specific expertise,” states Mr. Friedman, “Widevine’s technology strikes at the core of communications and media technology, an area of considerable focus for us at Constellation. We are excited to be involved in this growing segment of the iTV marketplace.”

“Having Cliff join the Board adds instant credibility in the eyes of our customers”, said Baker, “his experience and expertise provides us with a guide to the ins and outs of the video distribution market.”

About Widevine Technologies, Inc.
Widevine supplies a comprehensive suite of conditional access and digital rights management products to the Telco, Cable, and Satellite Operators enabling the deployment of Interactive Television services such as Digital Broadcast, VOD and PVR. Widevine insures that the content that is watched is paid for and that it is only used for its intended purpose Headquartered in Seattle, Widevine’s products secure video services (VOD, broadcast channels, etc.) over cable, xDSL (Telco), and Fiber optic networks. Comprised of world-class engineers and experts in security and encryption, Widevine has developed a unique suite of technologies and products to secure the transmission of media. Widevine has 1 patent issued and 21 pending.

About Constellation Ventures
Constellation Ventures manages $450 million in venture capital through offices in New York and Tokyo. The fund invests between $5 and $35 million in early to mid-stage companies that enable the distribution, management and control of information over emerging digital networks. Constellation Ventures provides its portfolio companies with strategic value-added services by leveraging its Limited Partners that include Bear Stearns, Sony, Viacom, Dai Nippon Printing, NTT Data, and Toyota.

Media Contact:
Eric Moser
Ruder Finn Chicago (for Widevine Technologies)
Tel: +1 312 329 3908
mosere@ruderfinn.com

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