KOREA launches 'open bulletin board service',first in Korea.
Tuesday November 30, 1:16 pm Eastern Time
Company Press Release
SOURCE: Korea Thrunet Co., Ltd.
Korea Thrunet Launches 'Open Bulletin Board Service' First in Korea
NEW YORK and SEOUL, Korea, Nov. 30 /PRNewswire/ -- Korea Thrunet Co., Ltd. (Nasdaq: KOREA - news) today announced that it has successfully launched ``Open Bulletin Board System' first in Korea, which both wired and wireless communications technologies have access to, and this service will be offered to all Internet users in Korea for free of charge under the brand name of 'dvvb Service (http://www.dvvb.com)' starting from Dec. 1, 1999.
One of the most fascinating characteristics of ``Open Bulletin Board Service' is that people can create and search through the bulletin board at any time and anywhere not only via wired network, but also via mobile phones with built-in Internet browser for wireless Internet.
Also, this newest service enables people to freely create and operate the bulletin board in accordance with their own purposes and interests and this customization function allows people to add their own personality to the bulletin board contrary to the conventional standardized bulletin board operated by ISPs.
Adding this latest service to existing business line-up of Korea Thrunet, the company, targeting more than 20 million Korean cellular subscribers in addition to existing wired Internet users and bringing them into Thrunet community, expects to have advertisement revenue resulting from the increase in number of pageviews. Korea Thrunet will provide the bulletin board selected as the best bulletin board with independent URL and implement revenue sharing system by putting advertisements on the bulletin board, which will contribute to the expansion of ``Thrunet Community'.
Copies of the prospectus relating to the offering may be obtained from Lehman Brothers Inc. c/o Automatic Data Processing, Prospectus Fulfillment, 55 Mercedes Way, Edgewood, NY 11717, USA, telephone 516-254-7106.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Korea Thrunet. Korea Thrunet's common shares are being offered only by means of the prospectus.
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