WordCruncher Internet Technologies Announces Strategic Shift in Launch Schedule
Business Editors
SALT LAKE CITY--(BUSINESS WIRE)--Nov. 9, 1999--
Strong Partner Response Stimulates Infrastructure Build-out
In order to accommodate its strong response from web-based
service partnerships, WordCruncher Internet Technologies, Inc. (OTC
BB: WCTI) announced today that it is extending the launch of its
Internet service to Q1 2000.
In April 1999, WCTI announced plans to build a preeminent on-line
resource to streamline the information-gathering process for business
professionals. Since the announcement, WCTI has compiled a
comprehensive, easy-to-search business site directory positioned to be
competitive with other leading directories.
WCTI also has received strong response from many of the top
web-based information services to further build its depth of content.
This encouraging response has created the need for an expanded support
system to accommodate its services offered.
"We are extremely pleased with the successful strategic
relationships WCTI has generated to date," said Dan Lunt, president
and CEO of WCTI. "Extending the launch to Q1 2000 gives the Company an
opportunity to build the most proficient support system to complement
its robust directory and content."
Strategic partnerships announced to date include the following:
- Stockpoint[R] - the leading global provider of comprehensive
financial information solutions for businesses seeking a
financial component to their Internet strategy.
- News Alert, Inc. - a leading provider of co-branded and
outsourced content solutions to prominent financial and banking
institutions, media companies and corporations.
- CommTouch - a leading provider of outsourced email and
messaging services for corporations and consumers worldwide.
- MapQuest.com, Inc. - a leader in destination information
solutions and digital mapping services.
WCTI expects to announce other strategic partnerships, which are
currently under development, by the close of 1999.
Due to this enthusiastic response from partners, WCTI's projected
launch date would have occurred later in Q4 1999 than anticipated.
According to Lunt, the decision to launch in Q1 2000 is advantageous
to reaching the target audience more effectively because its users
will no longer be distracted by the traditional holiday marketing
frenzy and this year's Y2K concerns. "Instead, business professionals
will have renewed confidence in the technology available and will
embrace tools that allow them to be more efficient, knowledgeable and
successful," said Lunt.
About WordCruncher Internet Technologies, Inc.
Headquartered in Salt Lake City, Utah, WordCruncher Internet
Technologies, Inc., is an Internet information company that provides
information gathering solutions specific to business professionals.
WCTI combines powerful search capabilities with a targeted,
comprehensive directory of information vital to the business
community. For more information about WCTI, visit
www.wordcruncher.com.
This release contains forward-looking statements, as defined in
Section 21E of the Securities and Exchange Act of 1934, and includes
WCTI's belief, expectations or intentions regarding its future
operations and financial condition. All forward-looking statements
included in this release are based on current expectations that
involve risks and uncertainties, which might cause the actual results
to differ materially from those projected in any forward-looking
statements. Factors affecting results include the timely development
and implementation of technologies and services, the market awareness
and acceptance of these technologies and services, competitive factors
and pricing pressures, changes in product mix due to market demand,
the overall market demand for internet services, and the ability of
the Company to protect its proprietary information. WCTI assumes no
obligation to update any forward-looking statements.
--30--jlm/in*
CONTACT: WordCruncher Internet Technologies Inc.
Editorial Inquiries:
Mike Schouten WCTI, 801/816-9904, x109
mike_schouten@wordcruncher.com
or
Investor Inquiries:
R. Brett Bell WCTI, 801/816-9904
investors@wordcruncher.com
or
Brokers & Analysts:
Columbia Financial Group, 888/301-6271 |
