PEAKSOFT CORPORATION
September 1998 Update
Listing Symbol (US): PEAFF Exchange: Pending - OTC-BB
Listing Symbol (CDN): PKT Exchange: Alberta Stock Exchange
Fiscal Year End: September 30 '98
Ccurrent Price: CDN$.21/US$.14
Shares Outstanding: 13.5 million Restricted Stock: 3.0 million
Fully Diluted: 19.45 million* Estimated Float: 7.0 million
*Fully diluted, including conversion of senior notes (3.7M), employee
options (1.0M) and warrant purchase options (1.25M)
PeakSoft Corporation, headquartered in Bellingham, WA, is a leading software
developer of Java-based technologies that solve major Internet and
Intranet productivity and communication problems. PeakSoft
Corporation has established strong market credibility and
distribution networks enabling the Company to leverage its new
client-directed ftware solutions, NetMagnet and PeakJet2000.
RECENT NEWS
August 28, 1998 - PeakSoft Responds to SEC Comments re OTC-BB Listing
PeakSoft has a pending listing on the OTC-BB under the symbol "PEAFF" and
was briefly active in March of 1998. Upon filing for reporting
status for the first time in the US, the company's listing was halted
as a result of new requirements of the OTC-BB to meet the reporting
standards of the US SEC. The Company responded to the SEC comments
on August 26, 1998 by re-filing its Form 20F and now awaits SEC
approval.
August 5, 1998 - PeakSoft Part of Intel Demo Highlights
PeakSoft core technologies are being showcased by Intel (INTC) in its
high-end Pentium II processor, business computing desktop "constant
computing" demonstrations on its web site at
ubtek.cin .
July 27, 1998 - PeakSoft Product To Be Marketed by RealNetworks
PeakSoft announced an alliance marketing agreement with RealNetworks
(NASD:RNWK) that makes PeakSoft's PeakJet 2000 web-browsing
accelerator available for sale to millions of RealNetworks' customers
through a variety of marketing efforts.
July 13, 1998 - PeakSoft To Be Included in Symantec Product Bundle
PeakSoft announced a bundling agreement with Symantec (NASDAQ: SYMC)
that features PeakJet 2000 as the exclusive web-browsing accelerator
in a special bundle of award-winning PC utility software titles due
out later this year.
June 23 and July 2, 1998 - PeakStore Grand Opening and PeakJet 2000
Web-Browsing Accelerator Now Available
The PeakStore, located at peak.com ,
is an online commerce expansion of company's web site expected to
generate new revenue opportunities by offering customers top
Internet-enhancing applications, texts and tips. The store opening
combined with the release of PeakJet 2000, the company's ne
generation web-browsing accelerator that delivers a 50 percent speed
increase and provides new Net friendly features and improved
ease-of-use when compared to highly acclaimed PeakJet 1.5 product.
E-COMMERCE AND ELECTRONIC SOFTWARE DISTRIBUTION
- JUST THE FACTS:
* Marketers sold about 1.5 billion worth of consumer goods over the
net last year, and it is projected to double to $3.7 billion by the
end of this year.
* Consumer Online Commerce Report indicates that Internet
purchasing continues to grow rapidly. In 1997, the number of online
shoppers increased to 11.2 million. 76% of these shoppers made
multiple purchases. Consumer spending on the Internet is projec d to
grow to more than $34 billion by 2002.
* EMarketer contends the amount shoppers spend on the Web will
increase 14-fold by 2002, to $26 billion. * International Data
Corp's eCommerce Forum reports the make up of Web sales as 64% retail
products and of these 22% are software products.
* Net Users Break 100 Million Barrier -According to a recent survey
conducted by Matrix Information and Directory Services (MIDS) more
than 100 million people around the world now have access to the World
Wide Web, and 120 million people have access to In rnet e-mail.
That's close to double the number of consumer Internet users having
access in 1997. Consumer Internet users are projected to top 700
million people by 2001.
WHAT THEY ARE SAYING ABOUT PEAKSOFT PRODUCTS - PeakJet 2000 reviews:
* ZDNet's Software Library presents Editor's Choice Award and 5 stars
for PeakJet 2000. August 1998. Reviewer comments on the Program:
Pros; excellent documentation, is easy to use, defaults that require
no real tweaking. Program Cons; none.
* PeakJet 2000 gets 'four cow' rating from TUCOWS - July 1998.
Derric Moses of TUCOWS review staff says, "this puts PeakSoft with
the elite in the filed of Internet - related software."
* Dave Central - July 8, 1998 What's new? www.davecentral.com -
"PeakJet 2000...is faster and more sophisticated than the average
accelerator. Also, unlike a lot of accelerators, PeakJet 2000 is
net-friendly, meaning it won't hog bandwidth and suck res rces by
cacheing pages that you don't want!"
* PC Computing - June 1998
A-List: Top 200 Seals & Deals and April 1998 A-List: NetMagnet
chosen as the best Web Accelerator. "Think of it as your tireless
Web companion. The best part of this complete Web suite is PeakJet,
an intelligent tool that nticipates where you'll go next and preloads
the sites."
SALES AND MARKETING : PEAKSOFT ALLIANCE MARKETING PROGRAM
The announcement of the marketing agreement with Real Networks is part of PeakSoft's
recently initiated Alliance Marketing Program. PeakSoft has entered
into a series of marketing partnerships with leading Internet-based
companies that seek to meet similar market objectives by delivering
technology that significantly improves a users' we experience.
PeakSoft's recent market alliance partners include RealNetworks,
Symantec and Software Builders International.
PUBLIC RELATIONS AND SALES EXPANSION
1. Chris Kent was recently hired as the PR Coordinator for PeakSoft products. His
focus has been specifically on web based
marketing/advertising/promotion of our products. Chris will
establish awareness and press to promote the PeakStore and our
products.
2. Melissa Mandel of The Force has been retained to lead
the Alliance Partnership Programs.
3. Greentree International -
Contract was renewed for Greentree to expand our International
Distribution.
4. Media Gold - August 1, 1998 -exclusive distribution
agreement for the UK and Germany.
5. MP Technologies - Japan
distribution announced at Internet World in Japan (September 2,
1998).
6. Our products continue to be translated and sold in Japan,
France, Italy, UK, Germany, Spain, Australia, and others.
MANAGEMENT & BOARD
Doug Foster - CEO and Director with over 16 years sales and management experience in the
computer industry.
Tim Metz - COO with 30 years experience, domestic and international, in operations,
business development and financing. Built & sold two multi-million
dollar high tech manufacturing companies.
Carl Conti - Director - Retired as Senior Vice President and General
Manager of IBM Enterprise Systems.
Peter Janssen - Director - Over 30 years of high-tech marketing
experience. Previously V.P. merchandising and advertising
for Egghead Software V.P. of sales and marketing for Acer America.
PERFORMANCE:
A TRANSITION TO MORE PROFITABLE & FOCUSSED DISTRIBUTION
The company has made a decision to prioritize electronic commerce, electronic software
distribution, alliance programs and International partnerships. This
significant change in strategy doesn't eliminate retail, but changes
the focus of retail to the Internet. In addition, we have
strengthened our policy regarding payment terms and adopte a far more
cash flow driven model. During the 3rd quarter, PeakSoft announced
significant enhancements to its e-commerce capability, created the
core alliance program, opened the PeakStore on PeakSoft website, and
commenced negotiations with a number of artners for the joint sale
and distribution of its products. PeakSoft has significantly expanded
its sales force with new agreements signed for both vertical and
geographic markets, while simultaneously reducing sales and marketing
expense by 65% over the omparable quarter for 1997. A copy of Q3
1998 can be found on our website at
peak.com
For more information contact:
PeakSoft Corporate Office: Investor Relations:
3614 Meridian St., Ste. 100 invest@peak.com
Bellingham, WA 98225 888-377-7325
360-752-1100 360-752-1110 (Fax)
For product and corporate information, visit our new website at: peak.com
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