NEW YORK--(BUSINESS WIRE)--July 9, 1999--Byron Preiss Multimedia
Company Inc- (Symbol OTCBB: RSVP) today announced the completion of
the acquisition of VMailer.com Limited, a company which has developed
a unique compression technology to be utilized for voice over the
internet. Simultaneously the Company announced a reverse 1:2.4 stock
split, a change of name to VMailer.com and changes to the Board of
Directors
At the special shareholders meeting held yesterday in New York
City the shareholders approved the issuance of 12,600,000 restricted
144 shares for the entire share capital of Vmailer.com Limited.
The Company's flagship product, V-Mail(TM) is a new and exciting
way of communicating over the Internet. It not only has the
functionality of an email reader but also sends real voice messages
over the web by utilizing state-of-the-art Blast DXC compression
technology which renders the product capable of being used on almost
any computer connected to the Internet.
One of the most exciting features of V-Mail(TM) is its universal
compatibility, which means that recipients don't need the product to
receive V-Mail(TM) rather, through its ingenious encryption
technology, the requisite software is encoded with the message to
allow playback, and the recipient simply has to "Click and Listen".
This means that any E mail browser can read V-Mail(TM).
In 1998 the Internet advertising market was $1.92 billion, an
increase of 72% over the previous year. Banner advertising accounted
for 56% and Sponsorship a further 30% of the spending.(a) With
purchasing on the Internet growing at a phenomenal rate, advertisers
want to find the most effective way to get their message across. Using
its revolutionary advertising innovation, Ping-Ads, V-Mail(TM) can
help them do that by more accurately targeting advertisers' existing
and potential customers. Ping-Ads technology works by allowing V-Mail
to display banner advertisements both online and offline. Ping-Ads
refreshment rates are also dramatically improved through their offline
viewability, providing the functionality of online banners, even when
not connected to the Web.
SAFE HARBOR STATEMENT: Tile Private Securities Litigation Reform
Act of 1995 provides a new "safe harbor" for certain forward-looking
ng statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated in the
forward-looking statements. Factors that could cause actual results to
differ materially include, among others: general economic conditions,
changes in laws and government regulations, fluctuations in demand for
the company's products the company's ability to consummate strategic
acquisitions and the company's ability to successfully finance any
such future acquisitions, as well as its current ongoing operations.
VMailer.com operates from premises in Gerards Cross in the United
Kingdom and also from premises in Irvine. California
(a) Figures by Price Waterhouse Coopers
--30--jc/ny*
CONTACT: VMailer.com Ltd.
17955 Sky Park Circle, Suite F
Irvine, CA 92614 USA
Tel: 949-833-8705 Fax: 833-2418
or
VMailer.com Ltd.
Damon Le Geyt
The Bam, Mount Hill Lane
Gerards Cross, Bucks
United Kingdom, SL9 8SU
Tel: 440 7000 800 801 Fax: 440 1753 662 124
WWW.VMAILER.COM
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