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To: IKE who wrote (5648)2/4/2000 10:28:00 AM
From: Hawkmoon  Read Replies (2) of 6180
 
jadoonet.net 2, 2000
Simultaneously Across India

JADOONET BRINGS THE MAGIC OF THE WEB TO THE TELEVISION SET
- the dotcom in every home -

Jadoonet.com Limited today launched their first offering in Internet appliances - Jadoonet Classic, aimed at providing mass internet access in homes across India. The superior product with its stylish, compact design and array of advanced, user-friendly features make it a must-have in every home.

On the occasion of the launch Mr. Praween Napate, Director, Jadoonet.com Limited said, "Jadoonet sees the Internet as the foundation for a new form of communication and commerce, with this Internet Appliance as its preferred vehicle". He added, "The figures that provide the most powerful sense of Jadoonet's immediate market potential are based on the number of households that have both televisions and telephones around the world. In Asia alone, there is an estimated installed base of televisions in the range of 390 million units."

Jadoonet Classic has a sleek compact design with plug and play functions. Its technically advanced features deliver high-resolution images and superior quality sound at 44.1kHz, 16-bit stereo audio output for CD-quality sound. Surfing the World Wide Web is as easy as tuning in to a regular television show. The prerequisites of the set top box are a TV and a telephone line. It sits on the television and provides access to features like e-mailing, shopping, banking, news, sports weather reports and more, from the comfort of a home.

Among other exciting features, it offers a special e-mailing facility with five IDs, one for each family member. It has a fast 56K-v90 modem with advanced data compression that ensures quick net access and fast downloads. It has a 32-bit RISC processor with 8 MB of DRAM for email and a printer interface. The set top box comes with a wireless keyboard, which has a range of 21 feet.

Finally, the most important "added-value" feature of Jadoonet is the "smart card" option, which turns the unit into a one-to-one secure home terminal for electronic commerce. The smart card automatically pre-configures the unit, acts as a security filter and can be used as a "frequent buyer" card for retailers, providing strong security-related elements during its use. It also offers users, the chance to buy and bank directly at home in complete security over the Internet. All these unique features ensure enhanced net usage.

Jadoonet's Internet appliance will be manufactured at Salora's plant in Delhi. Jadoonet has a technology transfer agreement with Web-2U Ltd UK. Web-2U is a world leader in Internet technology and has recently launched this product in the European subcontinent. To ensure long-term commitments in the project, Jadoonet.com Ltd. has offered Web-2U Ltd. an option of purchasing equity in the company.

Attractively priced at Rs. 4900/- plus taxes, Jadoonet Classic Internet appliance comes with 25 hours of free net access. Available at all television outlets, mobile phone sales outlets and ISP agents, Jadoonet Classic comes with a twelve-month carry in warranty.

Jadoonet Limited is dedicated Internet Company providing innovative Internet access, access devices, Internet content and E-commerce services. It is a joint venture between Salora International and Infoquest E-commerce. The former is a leading manufacturer of television sets and their components along with other electronic equipments. Infoquest Ecommerce P Ltd is an information technology incubator focused on Internet and e-commerce operating out of SEEPZ Bombay.

*******

For further information please contact:

Malini Mitra / Anjana Kher
Ogilvy Public Relations Worldwide
Tel: 4913942
Fax: 4913868
Email: Malini.Mitra@ogilvy.com




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