This ran Thursday morning...stock ran to 1.62 but backed off before the close at 1p. Now at 1.31. 52wh 4.25/52wl .88. Trades NASDAQ.
Do your own dd.
Mantra Technologies, Inc. Licenses Advanced
Directory Search Technology To LookSmart
SAN RAMON, Calif., Dec. 24 /PRNewswire/ -- U.S. Wireless Corporation's (Nasdaq: USWC - news) subsidiary, Mantra
Technologies, Inc. has licensed to LookSmart(SM) an enhanced directory search application, based on its proprietary Context
Synthesis™ technology. LookSmart, a leading Web directory and search tool, has deployed this application to further enhance
the quality of searches in LookSmart's editorially selected Web directory.
Mantra Technologies' next-generation navigation technology extracts and identifies the relevant part of Web content to enable
better, more targeted Web navigation. By integrating the technology into LookSmart's directory, users' searches will return
even more relevant Web site matches than before.
''Cutting-edge technology plus the irreplaceable skills of human editors provide LookSmart users with the best navigation
service on the Web,'' said Mike Reaves, Vice President of Engineering for LookSmart. ''Mantra's technology will enable users
to find information in LookSmart's directory even easier than before.''
''Search is a natural application for our technology,'' said David Huffman, Vice President of Sales & Marketing for Mantra
Technologies. ''Our technology enables LookSmart to stake out a new area of Web navigation: focusing keyword searches on
high-relevance hits in high-quality Web sites. LookSmart's depth of content, combined with Mantra's technology, offers users a
compelling Web search solution.''
Mantra Technologies, Inc. (a subsidiary of U.S. Wireless Corporation) is a Web Applications Services Provider that delivers
next-generation navigation, profiling, personalization and ad targeting to major Web sites desiring differentiating and revenue
generating functionality. Mantra's advanced service capabilities are based upon its proprietary Context Synthesis technology, a
flexible new way to acquire and leverage content to enable innovative Web applications. Mantra Technologies is based in San
Ramon, Calif. and can be reached at 925-327-6207 or www.mantratech.com. Founded in 1996, U.S. Wireless Corporation
is a developer and provider of mobile location-based services.
LookSmart, a privately held Internet publishing company providing category-based navigation services on the World Wide
Web, hosts the world's largest editorially reviewed database of Web content with 800,000 site listings in 24,000 categories.
LookSmart's unique cascading menu interface provides users with fast, intuitive access to a wealth of highly relevant online
content, and provides advertisers with targeted media opportunities within a higher quality editorial environment. Current
LookSmart partners include AltaVista, @Home, Netscape, HotBot, Erols and more than 100 ISPs. LookSmart's ''syndicated
distribution'' strategy enables partners to co-brand with LookSmart's product or seamlessly blend its content into an existing
interface based on its flexible technology architecture.
Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release are
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and
uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. A
description of these risks and uncertainties can be found in the U.S. Wireless Corporation filings with the Securities and
Exchange Commission.
SOURCE: U.S. Wireless Corporation |
