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Subject Now Listen to the EBS Foreign Language Education Broadcast by Downloading MP3files Date 2001.10.22
- Releases exclusive MP3 player `iAudio InkaQ version' of EBS foreign language education radio broadcast

- AutoSync Service, which downloads automatically to a MP3 player everyday instead of a cassette tape, is provided.

- Maximization of the learning effect with clear sound quality of MP3 in a blanket area as well as in the subway.

Seoul, Oct. 22nd, 2001 -- COWON (CEO: Park Nam-gyu www.COWON.com) released `iAudio InkaQ version' that offers an exclusive content download service in partnership with Inka Entworks, Inc. (CEO: Ahn Sung-min).

This new `iAudio InkaQ version' is an exclusive portable MP3 player for downloading a number of foreign language education broadcasting content files made by EBS from `InkaQ.com', a content syndication site of Inka Entworks.

The user of this product can listen to the broadcast whenever he/she wants by automatically downloading it through the MEM-I (Multimedia Exchange Messenger I) of the Inka Entworks providing the AutoSync service and JetAudio premiere version of COWON with the recording function of MP3 files everyday without recording it on a cassette tape. Notably files can be downloaded with the clear sound quality by MP3 in a blanket area as well as a subway.

`iAudio InkaQ version' adopted the digital right management (DRM) of Sealtronic Technology, Inc., a content security provider, to upload the regular MP3 files as well as the EBS contents from iAudio to PCs exclusively in South Korea. DRM makes it impossible to send and copy files with its copyright protected.

iAudio InkaQ version's internal storage memory is 66MB. And it can store foreign language education radio broadcast of EBS, whose total capacity can handle longer than 2 hours. For ordinary MP3 audio files, it can play up to 13 straight hours.

In cooperation with EBS, Inka Entworks has popular content such as Morning Special, Today's Magazine, Business English, Herald Tribune, Kim satgat English wandering memoir, Listening Special, Listening Junior high school English, Beginner's English, etc. with its fees set at between 1,500 won and 4,000 won per month. Inka Entworks automatically saves 5,000 won of Qmoney with the purchase of iAudio InkaQ version under the user's ID.

The rest of the money after spending on EBS content will be saved for the purchase of next content or different kinds of content.
During the first half of this year, the sales volume of English educational material, `Never Study English' in the MP3 file form, which was released by COWON and Social Criticism Publisher, is 1,200 units so far.

In addition, this iAudio InkaQ version recouped better-than-expected results by selling 500 units in the 15-day time period through reservation-based sales by InkaQ.com.

'We hope that the portable MP3 players will be developed as the digital audio instrument that plays not only music but also the various cultural contents including the audio books as well as English files with a clear sound quality,' said Park Nam-gyu Park, CEO of COWON.

Ahn Sung-min of Inka Entworks said, 'iAudio InkaQ version's release helps users to listen to the popular foreign language study materials made by EBS through the easy-to-use automatic downloading (AutoSync) service as well as music with a portable MP3 players.

The consumer price of iAudio InkaQ version

iAudio CW100S (66MB) + EBS content + Qmoney = 130,000 won
Attention

The contents of InkaQ site are encrypted so that they only work with iAudio devices sold at COWON's affiliated online stores and related sites. General-purpose iAudio CW100s cannot play the content files of foreign language education produced by EBS and InkaQ.

Company Introduction

COWON SYSTEMS, Inc.

COWON SYSTEMS is one of the leading venture companies and famous for its integrated multimedia software `JetAudio' that is beloved by PC users all over the world.

It was established in April 1995 and is heading toward a total solution enterprise for the wireless-Internet multimedia with the digital audio, video, and voice (Digital AV2) technology as its core business products.

Especially, the company is developing a triangular structure of software, hardware and content. To that end, it has introduced an integrated multimedia playback software `JetAudio', a portable MP3 player `iAudio', and the wireless-Internet Music On Demand (MOD) service.

The hardware, MP3 player `iAudio' released with the phrase, `Popularization of MP3 players' at the end of last year, gained public favor as `the magnificent piece among the MP3 players' as well as the evaluation as the best product in the Japanese market.


iAudio provides a realistic sound quality of 25 bit using MP3 basic technology already recognized by JetAudio worldwide. And it also has a lot of merits such as the use of high-speed USB port, various user-friendly functions, subminiature/ultra lightweight size and powerful bundle software, among others.

Inka Entworks, Inc.

Inka Entworks, Inc. is a multimedia solution and service provider which operates both online and offline business models in a way that generates new value-added products by putting together portable digital terminals and multimedia content. The service provides a variety of Internet digital media through the Web and terminals. It pushes for the development of products that fit in with 'easier, more convenient, anytime, and anywhere' motto for its digital vision.

The content service center `InkaQ.com' designed for delivering motion pictures and digital audio and E-book contents that are played with the wired digital terminals has a number of users the world over and it supports a portable motion-picture player `MotionI', PDA, MP3 player, Ebook, etc.

Therefore it satisfies the request of users, suggesting that it is an up-and-coming venture company that is developing paid content for a profit-oriented business model by piecing together digital terminals and content.