TORONTO LAUNCH
PRESS RELEASE
July 28,1999 Cybersurf Corp.-CY (ASE)
Cybersurf receives $5M cash and is poised for Toronto launch of the 3web Network
Cybersurf is pleased to announce that it has received $5 million in cash from Call- Net Enterprises Inc., and that the company has begun creating the infrastructure for the Toronto launch of its free Internet and Email service, the 3web Network. An additional $7 million in network services will be provided by Call-Net to Cybersurf when 3web launches in Toronto this fall.
Cybersurf already has an advertising sales contingent in Toronto, and has pre-sold 3web advertising to clients such as IBM, Indigo Music, Books & Café, and most recently the Dairy Bureau of Canada. Cybersurf is currently in the process of expanding its existing 3web-hardware infrastructure to accommodate Toronto users, and will begin large-scale replication of 3web's free installation CD-ROM. As in 3web's other cities of operation, 3web's free software will also be made available to Torontonians online at www.3web.net pending launch.
About 3web
3web is a proprietary software application that was developed by Cybersurf Interactive Media, a division of Cybersurf Corp. It offers users a powerful and secure portal to anywhere on the World Wide Web, as well as E-mail and E- commerce functionality. The 3web Network is supported by commercial advertising and E-commerce initiatives and is totally free to the user. Cybersurf's proprietary 3web advertisement-supported approach is unique in Canada bringing highly targeted, demographically-specific advertising to the user's desktop. Traditional portals provide advertising via banner ads on web pages, making it easy to click the ad away. 3web's portal operates independently of any Web browser and can never be hidden or disabled. No matter where the user travels on the Internet, 3web's advertising is always visible. It is because of this feature that advertisers on the 3web Network can be guaranteed exact impressions and can target specific demographic profiles.
To view examples of 3web in context with Netscape's browser, simply visit www.3web.net/screenshots. If you wish to have a better understanding of Cybersurf's proprietary technology, and of the 3web Network's intelligent advertising capabilities, visit www.3web.net/overview to download the full 3web interactive overview (56MB).
Cybersurf is a communications company in the business of developing and marketing innovative software and connectivity tools. At Cybersurf, our goals are to enhance the use of telecommunications hardware and to develop unique software that has substantial potential for businesses and consumers.
The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.
Directors: Gordon Anderson; George Gonzo; William T Hammett; Lorne H Jacobson; Paul Mercia; James R Milliken
For further shareholder information please contact Jody Balon at Cybersurf Corp (403) 777-2000, ext. 262. cybersurf.net 3web.net Email: info@cybersurf.net |