New news out on TREV today:
TREEV Receives Expanded License to $2.5 Million From
Kuala Lumpur Internet Exchange
Malaysia's First Internet Business Utility Accelerates Deployment of
Internet-Based Solutions Using TREEV's Patented Technology
HERNDON, Va., July 23 /PRNewswire/ -- TREEV, Inc. (Nasdaq: TREV - news) today
announced an expansion to $2.5 million of its current license agreement with Warga Media Sdn Bhd,
of Kuala Lumpur, Malaysia, for its patented document management software engine. TREEV's
technology will act as the storage and distribution engine for the Kuala Lumpur Internet Exchange
(KLIX), South East Asia's newest Internet Business Utility being developed & deployed by Warga
Media on the Multimedia Super Corridor (MSC). Progress on the KLIX project has been greatly
accelerated since April of this year, when an initial agreement of $841,000 was signed. The new
agreement calls for a multi-application license of $2.5 million and an ongoing annuity based upon
business performance.
Harjono Zain-Al-Abidin, CEO and founder of Warga Media, will participate in TREEV's quarterly
investor conference call later today where he will provide analysts with an overview of the current
situation in South East Asia and outline plans to help stimulate the region's economic growth with the
first Internet Business Utility. He has said, ''Our goal is to use the Internet to provide an efficient,
cost-effective, business-to-business infrastructure for South East Asian companies, which will in turn
help to spark growth in this region.''
Drawing on its expertise in communications, computing and multimedia, Warga Media Sdn Bhd
designed KLIX to deliver value-added services to South East Asia. KLIX is designed to deliver
automated business solutions and secure, reliable Internet services to specific sectors of the
Malaysian community. KLIX is a Scalable Content Management Framework upon which the
Multimedia Super Corridor, MSC, will soon develop Large Scale Content Rich Systems for use
within the Internet, Intranet & Client/Server environments. KLIX's immediate focus is in the Oil &
Gas industry, where efficient use, management, storage and distribution of voluminous technical
information is a critical business issue. Warga Media expects to expand its efforts beyond Malaysia
to other ASEAN regions by the end of 1999, targeting specifically, the Energy, Manufacturing and
Transport sectors.
Harjono Zain-Al-Abidin, added, ''TREEV continues to be a critical partner in providing the scalable
backbone for our customers' multiple data type content. We choose partners based on their
technology merits and their shared vision of how the Internet will advance economic development in
South East Asia through applications in countless vertical industries.''
Jim Leto, Chairman and CEO of TREEV, said, ''KLIX is on the leading edge of providing Malaysia
with electronic commerce applications which will fundamentally change the nature of
business-to-business interactions. KLIX will thrive because it operates freely, without the bandwidth
constraints and regulatory limitations we experience in the U.S. The KLIX project is a model for
what businesses in this country can expect from high-speed data networks once the issue of
bandwidth is resolved and governmental requirements are lifted.''
About Warga Media Sdn Bhd
Warga Media Sdn Bhd is a privately held enterprise in Multimedia Content Development that
combines expertise in communications, computing and multimedia content to provide value added
services to the Asian business community. Its mission is to simplify the delivery of Web-based
content utilizing leading edge technology, allowing companies and communities to conduct business
securely and reliably over the Internet. Its initial focus is on linking businesses and communities in
ASEAN (Association of South East Asian Nations). Warga Media is located in Kuala Lumpur,
Malaysia on the Multimedia Super Corridor. For the latest company information, contact CEO
Harjono Zain-Al-Abidin by e-mail at Harjono@altavista.net or Danmcginnis@altavista.net. |
