(BSNS WIRE) PeakSoft and InfoBuild Networks Sign Exclusive Licensing Agr
PeakSoft and InfoBuild Networks Sign Exclusive Licensing Agreement; InfoBuild
Targets Vertical Markets with NetMagnet Core Technology in $1.35 Million Deal
with PeakSoft
Business Editors
BELLINGHAM, Wash.--(BUSINESS WIRE)--March 31, 1998--PeakSoft
Corporation (ASE:PKT, OTCBB:PEAFF), a leading developer of Internet
productivity and communication software, today announced a strategic
licensing agreement with InfoBuild Networks Inc.
PeakSoft has granted InfoBuild an exclusive license to develop
and deliver to certain vertical markets multinet solutions that
increase the efficiency of the World Wide Web and Internet as a
communication and research tool.
In the first phase of a three-phase plan, InfoBuild will
introduce a value-added solution to the financial services industry
next quarter. The initial phase, which commences immediately, has a
value of $300,000 (US) to PeakSoft. The total value of the agreement
is $1.35 million (US) in cash and equity. In addition, InfoBuild will
pay PeakSoft royalties and research and development funding under the
terms of the agreement.
Under the licensing agreement, InfoBuild will tailor a knowledge
management solution for each of three industry segments and will
launch the first application to the financial services industry by
mid-1998. InfoBuild, whose responsibilities include research and
development as well as sales and marketing, is developing proprietary
content to complement the data sharing and content management
technology licensed from PeakSoft. InfoBuild has the option to target
two additional industry segments, medical/pharmaceutical and higher
education, prior to the end of 1998 in future phases of the agreement.
"The lines between the Internet, intranets and extranets are
disappearing as business seeks a single standard for communications,"
stated Doug Foster, president and CEO of PeakSoft. "Our partnership
with InfoBuild offers us a direct route into industry segments where
our underlying technology will deliver content-rich solutions and
communications tools to business."
InfoBuild has committed a $1.8 million investment in sales,
marketing and R&D to bring new applications to vertical segments with
a compelling need for knowledge management tools.
About InfoBuild Networks Inc.
InfoBuild Networks Inc. is a private company founded to build
customized knowledge management solutions for selected industries.
InfoBuild Networks offers marketing and business development expertise
to high technology companies in enterprise markets.
About PeakSoft Corporation
PeakSoft Corporation is a market leader in the development of
Java-based Internet productivity and communication software products.
Publicly traded on the Alberta Stock Exchange (PKT) and the OTC
Bulletin Board (PEAFF), PeakSoft is a diversified Internet software
company headquartered in Bellingham, WA. For more information, call
888/377-7325, visit the PeakSoft Web site (www.peak.com) or send
e-mail to info@peak.com.
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The Alberta Stock Exchange has neither approved nor disapproved
of the information contained herein.
--30--DS/se*
CONTACT: CORPORATE:
PeakSoft Corp.
Claudia Temple, 360/752-1100
claudiat@peak.com
or
INVESTOR RELATIONS:
Investor Relations Department
888/377-7325
invest@peak.com
KEYWORD: WASHINGTON
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET
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