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

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To: Brian Warner who wrote (1466)11/5/1999 12:02:00 AM
From: Brian Warner  Read Replies (1) of 1470
 
PeakSoft Multinet Announces Driveway(TM) Revenue Sharing and
Co-Marketing Agreement, Peak.com Small Business Site to Distribute The
Driveway Service

BELLINGHAM, WASHINGTON--PeakSoft Multinet (ASE: PKS; OTC-BB:
PEAMF), a pioneer of Internet communication solutions, announced
it will distribute the Driveway(TM) Internet file storage service
via the Driveway Service Providers partnership program.

Under the agreement, PeakSoft Multinet Corp. will distribute
accounts to the Driveway service by providing a link to Driveway
for registered users of their small business resource website,
peak.com. Driveway (www.driveway.com) provides
millions of busy computer users-from mobile professionals and
small office/home office workers to home users-with a fast, simple
and free way to store up to 100MB of valuable digital files and
information in a private, personal space on the Internet.
Driveway enables users to store and to transfer their files
between different computers and people using any standard Web
browser, and frees them from the problems and frustrations
inherent with email attachments and removable media. This
agreement supports PeakSoft's strategy to provide the most
up-to-date Internet services to its customers, while also
providing significant value to end users in the form of Web-based
file storage and access.

"By becoming a Driveway Service Provider, we continue to make our
Web site a great resource for small business professionals, and to
provide these users with instant access to tools and services that
are important for their success," said Doug Foster, president and
CEO of Peaksoft. "Driveway is a natural fit for us, because it
gives our users a convenient way, at no cost, to protect and
access their data from any browser-enabled machine."

Once they have stored files in a password-protected Driveway
account, users can organize and access their files from anywhere
they have Internet access. Folders can be shared with colleagues,
clients, friends and family, providing users with a way to publish
and to distribute any type of text, spreadsheet, presentation,
image, video or sound file quickly and conveniently. Driveway
Corporation, a company with more than four years of experience in
managing the mission-critical archives and files of over one
million users, ensures that Driveway accounts are continuously
available and regularly backed-up to offsite, disaster-proof
servers.

"As today's consumers spend increasing amounts of time online,
they are looking for new tools that go beyond traditional desktop
applications," said Kevin Werbach, managing editor of Release 1.0.
"Driveway's device-independent Web-based file storage space is
one of a new class of services that help consumers manage their
lives on the Net. Services like Driveway are an indication that
the Net is moving from a series of destinations to an integral
part of everyday life."

"We are excited to be able to provide Driveway to new customers
with a premier company like PeakSoft," said Chris Logan, president
and chief executive officer for Driveway Corp. "Now they can
offer their customers our unique value-added service, allowing
them to be more productive while they're traveling, to leave their
cumbersome laptops at the office, to protect their important files
from loss or disaster, and ultimately to get to their files from
anywhere."

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 (NOVL), RealNetworks (RNWK), Software
Builders and Xoom.com (XMCM). 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.

About Driveway

Driveway Corporation is the recognized world leader in Internet
file storage, retrieval and collaboration services. With the
Driveway service, Driveway Corporation offers over 1.25 million
members a reliable way to access, store and share digital
information from any web-enabled computer.

Formally known as Atrieva Corporation, the company pioneered
Internet based file storage, establishing relationships with more
than 40 strategic partners including Microsoft, Netscape, McAfee
and USA.net. Headquartered in San Francisco, Driveway Corp.
investors include VantagePoint Venture Partners and Battery
Venture Partners as well as a number of private investors.

For additional information, please visit Driveway at
www.driveway.com. Driveway is a registered trademark of Driveway
Corporation. All other trademarks and service marks referenced
above are the property of their respective owners. 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.

fin-info.com
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