Quincy, IL - Jul 30, 2001 - Broadcast Electronics (BE) announced an agreement to license Internet media software, patents and delivery assets from Everstream, a developer of software for one-to-one targeting audio and video advertising.

Under the licensing agreement, BE will use Everstream's software, technology and related intellectual property to enable radio stations to have online channels and to create, manage and distribute entertainment, news and advertising content on the Internet. BE also acquires Everstream's existing client base of online radio sites and technical delivery assets. This licensing agreement enables BE to bring to market a mature, validated, and patented technology enabling radio programming to be distributed over the Internet.