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Technology Stocks : MODA Modacad (Nasdaq: IBUY)

IBUY 71.72

-2.3%

Nov 4 4:00 PM EST

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To: Michael A. Johnson who wrote (269)	8/12/1998 2:54:00 PM
From: Starfish*	Read Replies (1) of 409

The deal with Broderbund: Effective June 29, 1998, ModaCAD, Inc. ("ModaCAD") has amended its publishing agreement with Broderbund Software, Inc. to provide Broderbund with an exclusive license to the 3D Home Interiors(TM) software application. Broderbund made a one-time royalty payment to ModaCAD of approximately $2 million for the perpetual license of 3D Home Interiors. The exclusive license terms apply only to certain portions of the 3D Home Interiors product, not ModaCAD's core visualization and digital content creation technologies and catalogs. ModaCAD will also be available to Broderbund to provide ongoing digital content services and enhancements. ModaCAD will continue deploying and pursuing new licensing opportunities for e-commerce content managers with both its digital content and its core technologies in the home design and home furnishing industries as well as other broad market applications based upon ModaCAD's core areas of competency.

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