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Net Shepherd Technology On Show At Baanworld Exposition
Calgary, Alberta --
Provides launch pad for commercial production version of Net Shepherd technology
Net Shepherd Inc. (ASE: WEB) announced today that it has been invited by the Vanenburg Group (one of its major shareholders) to participate in the BaanWorld 99 Exposition in Vienna, Austria this month.
"The invitation to Net Shepherd to attend this global, high-level event is a timely opportunity for us, because we have just completed the commercial commissioning of Version 2.0 of our Internet Community Management System (ICMS)", said Don Sandford, Net Shepherd's President & CEO. "This means that we are now 'open for business' for a variety of applications of this technology."
"In this new Version, the ICMS is particularly suited to the commercial-scale collection of data across the Internet. We're looking at applications like business intelligence and the characterization of web pages, such as categorizing educational sites for different levels of sophistication", continued Sandford. "We are therefore particularly interested in talking to providers of business intelligence, website publishers and companies which editorialise or provide content for websites."
"We now have a great deal of capability and capacity to offer in these areas," said Ray Marchand, Net Shepherd's Vice-President for Business Development, who is attending the Exposition. "The Net Shepherd on-line community can be formed into Distributed Task Forces for particular pieces of work. They are already dealing with over one million pieces of data collection or website evaluations every month. With the new system, we have the ability to more than treble that amount."
"Now that ICMS 2.0 is commercially available, we're starting development work on Version 3.0", said Sandford. "This will have much wider commercial applications than 2.0 and will enable us to provide a richer experience for our on-line community members. Version 3.0 will also use highly sophisticated machine tools such as neural networks to enable us to offer faster, more sophisticated and lower cost services to our customers. This will be available during the second half of 2000."
"In the meantime", concluded Sandford, "Version 2.0 is now commercially available in some very large markets. For example, Forrester, the US Internet analysts, estimate that the business intelligence market alone will be worth $11 billion within five years. Our attendance at BaanWorld helps us to put Version 2.0 to work in those markets."
Background Notes:
Net Shepherd's technology helps companies that want to transform the way they do business and create new opportunities using the Internet. It is a leading provider of Internet-based community solutions to provide the gathering of information and the management of work at the speed of the Internet.
Net Shepherd develops, partners with and invests in companies that use this technology in a variety of different applications.
Net Shepherd Inc. is traded on The Alberta Stock Exchange under the symbol WEB.
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