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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.)

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To: Brian Warner who wrote (1465)10/29/1999 2:51:00 PM
From: Brian Warner  Read Replies (1) of 1470
 
PeakSoft Multinet Announces Strategic Agreement to Develop Commercial Fisheries
Community Within Peak.com Business Site

BELLINGHAM, WASHINGTON--PeakSoft Multinet (ASE: PKS; OTC-BB:
PEAMF), a pioneer of Internet communication solutions, announced
an exclusive agreement with the Kodiak Chamber of Commerce, to
jointly develop a broad commercial fisheries business community
within the Peak.Com small business site.

"This is the first of several agreements that will allow us to
bring together the fishermen, fishing companies, coastal
communities, regulatory agencies and small businesses that are all
dependent on the commercial fisheries of Alaska and the Pacific
Northwest," said Doug Foster, CEO of PeakSoft Multinet.

"The Kodiak Chamber of Commerce has spent several years developing
one of the best Internet research libraries available to this
on-line community. This agreement will allow us to integrate
those libraries with Peak.com's other communities, commerce and
e-business features, to provide a real desk-top business
environment for anyone connected to this industry," explained
Foster.

"As one of the largest commercial fishing ports in the nation, we
have to compete every day in the world markets," said Wayne
Stevens, Executive Director of the Kodiak Chamber of Commerce.
"We expect our exclusive partnership with PeakSoft to result in a
more efficient flow of information between our members and all of
the businesses, agencies and other coastal communities who have a
shared dependence on the oceans resources."

Peak.com reflects the next generation of the easy-to-use and
personalized Internet environment for small business being created
by PeakSoft. Members of the industry can register at no cost,
immediately, to become a part of the developing community by
visiting peak.com .

The company also announced the appointment of Steve Minor as
Community Marketing Director and Host. "Mr. Minor is in a unique
position to help launch this community. For the past 15 years he
has worked with coastal communities and major fishing companies
throughout Alaska and the Northwest; he also played a key role in
the development of the Peak.com concept over the past several
months," continued Foster.

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, RealNetworks (RNWK), Software Builders
and Xoom.com (XCXM). 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.

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.


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