NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: PEAKSOFT CORPORATION
ASE SYMBOL: PKT
OTC Bulletin Board SYMBOL: PEAFF
MARCH 31, 1998
PeakSoft and InfoBuild Networks Sign Exclusive Licensing
Agreement, InfoBuild Targets Vertical Markets with
NetMagnet Core Technology in $1.35 Million Deal with
PeakSoft
BELLINGHAM, WASHINGTON--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 eduction, 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 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.
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FOR FURTHER INFORMATION PLEASE CONTACT:
PeakSoft Corporation
Claudia Temple
(360) 752-1100
e-mail: claudiat@peak.com
or
PeakSoft Corporation
Investor Relations Department
1-888-377-7325
e-mail: invest@peak.com
The Alberta Stock Exchange has neither approved nor disapproved of
the information contained herein. |
