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Downstream Announces Agreement With Q-Seven Systems GmbH
SALT LAKE CITY, April 21 /PRNewswire/ -- Downstream Incorporated (OTC Bulletin Board: DWNS) today announced that Downstream and Q-Seven Systems GmbH of Monheim, Germany have signed a letter of intent that will make Downstream (via Downstream's acquisition of Q-Seven's sister company, Q-Seven Systems, Inc., a Nevada Corporation) the sole and exclusive sales and licensing agent on a world-wide basis for Q-Seven's proprietary internet user- management software.
The internet is a global marketplace where e-commerce revenues are growing rapidly. Q-Seven Systems has developed proprietary software to meet the demands of this new and exciting marketplace. The user management system consists of several software modules that can be combined into any kind of commercial internet service to handle user administration and secure online transactions. It allows internet content providers to create online entertainment worlds and virtual shopping environments that are completely customizable.
According to Philipp Kriependorf, Managing Director of Q-Seven Systems: "The security features of the software are state of the art due to a special communication protocol. All data is encrypted before being sent over the internet and log files keep records of all transactions for control purposes. Because of its modular structure, new services and functions can be easily added to keep pace with the rapidly changing internet environment. Real-time stats give frequent feedback about visitors and collected earnings. Yet, the software is so simple to use that non-computer professionals can easily handle its administration." Q-Seven Systems website can be visited at www.q-seven.com.
The management of Downstream cautions readers not to place undue reliance on "forward-looking statements," such as, "expected," "intends to," "believes," "is anticipated," etc., which speak only as of the date made, when used in this press release, in filings with the SEC, in other public or stockholder communications, or in oral statements made with the approval of an authorized executive officer of the Company. Such statements are based on certain assumptions and expectations which may or may not actually occur and which involve various risks and uncertainties. Unless otherwise required by applicable law, the Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, unanticipated events or circumstances after the date of such statement.
SOURCE Downstream Incorporated
CO: Downstream Incorporated; Q-Seven Systems GmbH; Q-Seven Systems, Inc.
ST: Utah, Nevada, Germany
IN: CPR MLM
SU: JVN
04/21/99 09:15 EDT prnewswire.com
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