Home Movie Depot, Inc. and Kaltura Team to Deliver a Wide Variety of Video Digitization, Editing, Collaboration and DVD-Burning Tools

ASHLAND, MO--(Marketwire - March 4, 2008) - Home Movie Depot, Inc. -- the online destination where consumers and professional videographers have their family movies digitized into DVDs -- is proud to announce its partnership with Kaltura, Inc. -- the People's Choice for #1 video sharing website, as voted in the Mashable Open Web Awards and at TechCrunch40. This partnership will revolutionize the way that users share movies online. The relationship involves a multi-phase release of features, beginning with the offering of Home Movie Depot digitization services to all Kaltura Network members through HomeMovieDepot.com.

"We're very proud to be partnering with a company that shares our desire to lead the industry with new technology," says Gerald McKinney, president of Home Movie Depot. "Home Movie Depot's mission is to help people have fun with their memories while creating new ones, and Kaltura whole-heartedly embodies that mission."

The first phase of this joint venture launches in March, when users all across the Kaltura Network will be able to combine footage shot with their digital camera with digitized footage from old 8mm & 16mm films, Beta & VHS tapes, slides, negatives, photos, etc. Home Movie Depot will digitize movies, send back a DVD and/or hard drive of the digital files and automatically upload the files to the customer's account. Phase two of the project will enable users to add and edit material, and further customize the DVD using Kaltura's technology.

"Kaltura is very excited about this relationship with Home Movie Depot, and the synergy between our two companies," says Ron Yekutiel, CEO of Kaltura. "This partnership fits perfectly into our strategy of enhancing and spreading Kaltura's technology through existing sites and communities. Our entire Network will now be able to offer their users the option to digitize their media and burn their online videos on DVDs."

"Home Movie Depot is already a dominant online provider of digitization services, and this partnership will allow even more users to benefit from our ever growing product and service offerings," said Chris Force, Vice President of Sales and Marketing at Home Movie Depot. "This partnership compliments our world-wide sales efforts through our rapidly growing affiliate and partnership programs. We continue to offer industry leading, state of the art programs to end users, photographers, videographers and retail outlets combined with exceptional customer service."

About Home Movie Depot

HomeMovieDepot.com is an online destination where consumers can have their analog media (slides, photos, negatives, 8mm, 16mm, VHS, Betamax, etc.) professionally digitized into DVDs or other digital formats. When converting video to DVD or transferring 8mm or 16mm film to a hard drive, you're taking the first step in joining the home-movie community. With a mission to unify friends and family in the celebration of home movies, Home Movie Depot wants you to have fun with your memories. Home Movie Depot is proud to have been spotlighted in The New York Times, Wall Street Journal, Parade, Yahoo TV9, and Consumer Reports. Most recently, the company has opened a new location in Xalapa, Veracruz in Mexico for servicing the Latin American market. (www.HomeMovieDepot.com.mx)

About Kaltura

Kaltura has developed the first open source platform for video creation, management and collaboration. Kaltura's platform enables any site to seamlessly and cost-effectively integrate advanced interactive rich-media functionalities, including video searching, uploading, importing, editing, annotating, remixing, and sharing. The platform also includes unique collaboration functionalities that allow groups of users to create rich media together, and enables publishers to access and syndicate reusable content across the Kaltura Network of content and to enjoy aggregated hosted video services such as video advertising, professional editing, and DVD printing.

Founded in 2006, Kaltura's management and advisory team includes top notch advertising, marketing, and media executives as well as open source experts and seasoned technology entrepreneurs, including co-founders of ICQ, Cyota, and Destinator Technologies. Since its public launch in September 2007, New York-based Kaltura has won the People's Choice Award at both the TechCrunch40 event, and the Mashable Open Web Awards. For more information visit www.kaltura.com or visit the Kaltura blog at www.kaltura.com/blog/

Contact Information: Contact: Business Development and Investor Relations Contact: Chris Force Vice President of Sales and Marketing, Home Movie Depot 573.657.0612 ext 102 Marketing Contacts: Laurisa Mahlin Marketing Manager, Home Movie Depot 573.657.0612 ext. 151 Lisa Bennett Director of PR & Marketing 212.981.3965