Innovative Content Sharing Company Qlipso, Purchases Assets of Video Content Site Veoh

Tens of Millions of Veoh Users Will Soon Gain Access to Social Video Sharing With Live Interactive Webcams, 3D Animated Avatars, Voice Chat and Other Social Media

JERUSALEM, April 8, 2010 - (Logo: www.newscom.com/cgi-bin/prnh/20100408/385782 )

Qlipso, (www.qlipso.com/) a social feature-rich multi-party
content-sharing platform with 3D avatars, webcam and voice, today announced
its purchase of substantially all of the assets of Veoh, (
www.veoh.com/) an Internet Television company delivering
broadcast-quality video programming. The purchase enables Qlipso's unique
synchronized media sharing and socially-interactive environment to tap into
Veoh's library of more than one million videos, TV shows, online games and
other interactive content, as well as Veoh's tens of millions of active
monthly users. Qlipso is backed by Jerusalem Venture Partners (JVP),
(www.jvpvc.com/) a leading Israeli venture-capital fund.

Terms of the deal were not disclosed.

The purchase of Veoh's assets by Qlipso presages a shift in the changing
nature of online media consumption with users transitioning from an
individual viewing experience to a multi-platform, social media experience
all within the same user interface.

The transaction immediately transforms Qlipso from an early-stage,
pre-revenue technology start-up into a high-tech, rich-media company that
boasts a powerful community prime for online advertisers. To facilitate
advertising needs, Qlipso has partnered with Outrigger Media in New York for
direct advertising sales.

"By bringing together features of both Qlipso and Veoh, we are taking the
best of social, multiplayer online gaming and applying that to mainstream
digital content, such as videos and music, for a mainstream audience," said
Jon Goldman, CEO of Qlipso. "This provides not only a terrific user
experience, but also a vastly improved target audience for advertisers."

Qlipso enables users to identify themselves using 3D animating avatars,
webcams or Facebook thumbnails, along with social features such as video,
voice and text chat; all of which can be accessed within the same user
interface, thus allowing users to view online content while having the
ability to see and chat with one another. The Qlipso platform, which can be
accessed entirely via Web browser, transforms media consumption into a shared
social experience, both asynchronously and live with friends and family.

Qlipso supports all types of Flash-based media, including video, music,
games, slideshows, presentations, widgets and other digital content from any
Web site using Qlipso's proprietary portable media player. Qlipso also taps
into Facebook Connect, allowing site users to easily share content with their
friends and chat about the videos they are watching without creating an
online profile.

Other qualified Web publishers will also have the opportunity to
incorporate Qlipso's features on their own sites.

Prior to the asset purchase by Qlipso, Veoh was an established media
site, founded in 2004, with tens of millions of unique monthly visitors1 and
had raised approximately $70 million from venture capital and media
investments. As part of the transaction, key former Veoh executives will help
shape the new vision of Qlipso.

"We are thrilled to support Qlipso, a JVP Media Studio graduate, in this
strategic move," said Erel Margalit, JVP founder and managing partner. "There
has yet to be a significant mainstream social approach to online media
sharing that parallels how people consume media in offline social settings.
We believe this transaction answers that need, as it provides users with a
means to socialize around their favorite media content in a relaxed and
social setting."

About Qlipso

Qlipso is the first completely portable Web-based experience that allows
users to share any type of Flash-based media live and synchronized with their
friends and family in a relaxed and secure online social setting.
Personalization options include avatar creation and webcam support, thereby
enabling users to interact with each other while viewing the media
simultaneously. As a business partner, Qlipso integrates with web sites to
allow their audience to invite friends to share content, as well as to open
up new revenue streams, like virtual item sales. For more information, please
visit www.qlipso.com.

About Jerusalem Venture Partners :

Jerusalem Venture Partners (JVP) is one of the leading venture-capital
funds in Israel. The Fund operates from Jerusalem and manages more than
USD$800 million. JVP focuses on building market leaders in the fields of
digital media technology, including gaming and virtual worlds, mobile media,
software and hardware applications and Internet advertising. With leading
industry venture partners and consultants in New York, Los Angeles and
Europe, and an international network of strategic partners, JVP leverages its
unique market expertise, its dedicated management team and substantial
capital base to build companies with the potential of shaping the global
markets. For more information, please visit www.jvpvc.com.

    PR Contact for JVP
    Tania Amar
    VP Marketing
    tania@jvpvc.com

    MEDIA CONTACT on behalf of Qlipso
    Josh Sternberg
    Sternberg Strategic Communications
    O: +1-347-715-7347
    M: +973-477-4705
    E: josh@sternbergcommunications.com

PR Contact for JVP: Tania Amar, VP Marketing, tania at jvpvc.com; MEDIA CONTACT on behalf of Qlipso, Josh Sternberg, Sternberg Strategic Communications, O: +1-347-715-7347, M: +973-477-4705, E: josh at sternbergcommunications.com