PeakSoft Multinet Announces Driveway(TM) Revenue Sharing and                   Co-Marketing Agreement, Peak.com Small Business Site to Distribute The                   Driveway Service 
                    BELLINGHAM, WASHINGTON--PeakSoft Multinet (ASE: PKS; OTC-BB:                    PEAMF), a pioneer of Internet communication solutions, announced                    it will distribute the Driveway(TM) Internet file storage service                    via the Driveway Service Providers partnership program. 
                    Under the agreement, PeakSoft Multinet Corp. will distribute                    accounts to the Driveway service by providing a link to Driveway                    for registered users of their small business resource website,                    peak.com.  Driveway (www.driveway.com) provides                    millions of busy computer users-from mobile professionals and                    small office/home office workers to home users-with a fast, simple                   and free way to store up to 100MB of valuable digital files and                    information in a private, personal space on the Internet.                     Driveway enables users to store and to transfer their files                    between different computers and people using any standard Web                    browser, and frees them from the problems and frustrations                    inherent with email attachments and removable media.  This                    agreement supports PeakSoft's strategy to provide the most                    up-to-date Internet services to its customers, while also                    providing significant value to end users in the form of Web-based                    file storage and access. 
                    "By becoming a Driveway Service Provider, we continue to make our                    Web site a great resource for small business professionals, and to                   provide these users with instant access to tools and services that                   are important for their success," said Doug Foster, president and                    CEO of Peaksoft.  "Driveway is a natural fit for us, because it                    gives our users a convenient way, at no cost, to protect and                    access their data from any browser-enabled machine." 
                    Once they have stored files in a password-protected Driveway                    account, users can organize and access their files from anywhere                    they have Internet access.  Folders can be shared with colleagues,                   clients, friends and family, providing users with a way to publish                   and to distribute any type of text, spreadsheet, presentation,                    image, video or sound file quickly and conveniently.  Driveway                    Corporation, a company with more than four years of experience in                    managing the mission-critical archives and files of over one                    million users, ensures that Driveway accounts are continuously                    available and regularly backed-up to offsite, disaster-proof                    servers. 
                    "As today's consumers spend increasing amounts of time online,                    they are looking for new tools that go beyond traditional desktop                    applications," said Kevin Werbach, managing editor of Release 1.0.                    "Driveway's device-independent Web-based file storage space is                    one of a new class of services that help consumers manage their                    lives on the Net.  Services like Driveway are an indication that                    the Net is moving from a series of destinations to an integral                    part of everyday life." 
                    "We are excited to be able to provide Driveway to new customers                    with a premier company like PeakSoft," said Chris Logan, president                   and chief executive officer for Driveway Corp.  "Now they can                    offer their customers our unique value-added service, allowing                    them to be more productive while they're traveling, to leave their                   cumbersome laptops at the office, to protect their important files                   from loss or disaster, and ultimately to get to their files from                    anywhere." 
                    About PeakSoft Multinet 
                    PeakSoft Multinet Corporation is a market leading Internet                    communications company developing solutions that empower                    businesses to build knowledge, e-commerce and customer                    relationships.  The company has strategic marketing alliances with                   partners including Novell (NOVL), RealNetworks (RNWK), Software                    Builders and Xoom.com (XMCM).  Publicly traded on the Alberta                    Stock Exchange (PKS) and on the OTC Bulletin Board (PEAMF),                    PeakSoft is headquartered in Bellingham, WA.  For more                    information, visit the PeakSoft corporate website at                    www.peaksoft.com or send email to info@peak.com or visit the small                   business community at peak.com. 
                    About Driveway 
                    Driveway Corporation is the recognized world leader in Internet                    file storage, retrieval and collaboration services.  With the                    Driveway service, Driveway Corporation offers over 1.25 million                    members a reliable way to access, store and share digital                    information from any web-enabled computer. 
                    Formally known as Atrieva Corporation, the company pioneered                    Internet based file storage, establishing relationships with more                    than 40 strategic partners including Microsoft, Netscape, McAfee                    and USA.net.  Headquartered in San Francisco, Driveway Corp.                    investors include VantagePoint Venture Partners and Battery                    Venture Partners as well as a number of private investors. 
                    For additional information, please visit Driveway at                    www.driveway.com. Driveway is a registered trademark of Driveway                    Corporation.  All other trademarks and service marks referenced                    above are the property of their respective owners.  This release                    may contain forward-looking statements as well as historical                    information.  Forward-looking statements, which are included in                    accordance with the "safe harbor" provisions of the Private                    Securities Litigation Reform Act of 1995, may involve known and                    unknown risks, uncertainties and other factors that may cause the                    company's actual results and performance to be materially                    different from any results or performance suggested by the                    statements in this release.  Such statements, and other matters                    addressed in this press release, may involve a number of risks and                   uncertainties including price competition, technological advances,                   decreased demand or diversion to other software solutions. 
                    -30-
                    FOR FURTHER INFORMATION PLEASE CONTACT:
                    PeakSoft Multinet Corporation                   Tim Metz                   COO                   (360) 752-1100                   Website: www.peak.com                   Email: Timm@peak.com
                    The Alberta Stock Exchange has neither approved nor disapproved of                   the information contained herein.
  fin-info.com  |