NOVEMBER 18, 1998
PeakSoft Announces New Technology Direction; Company
Appoints Java Search Engine Pioneer Simon Arnison as
Chief Technology Officer
COMDEX, LAS VEGAS, NEVADA--PeakSoft Corporation (ASE:PKT; OTC-
BB:PEAFF-pending), a pioneer in the development of Internet
research and communication technology, today announced its new
technology direction. PeakSoft is continuing to build upon the
strengths of its NetMagnet core technology, which is being
re-engineered into a first generation of Java-based custom
business solutions.
PeakSoft embarked on its new technology direction with the
appointment of Simon Arnison last month as chief technology
officer. Mr. Arnison has agreed to become a member of PeakSoft's
board of directors. Arnison was formerly co-founder of Innotech
and chief architect of NetResults, the first Java-based search
engine for Websites and intranets.
Arnison's newly founded Java-development company, Classwave
(www.classwave.com) is assuming the task of taking PeakSoft's core
technology to the next level. This process will include achieving
100 percent Pure Java(TM) certification in adherence to strict
standards established for the creation of Java Beans(TM) and
Enterprise Java Beans(TM) using object-oriented methodologies.
"We are pleased and excited to have Simon Arnison's experience and
vision at work for PeakSoft," stated PeakSoft President Doug
Foster. "Simon brings a new product focus and drive which will
result in a new generation of custom Internet-based business
applications leveraging Java industry standards set by Sun
Microsystems, Inc."
"These promising developments represent major steps towards
achieving PeakSoft's new mission, which is to develop and to
market leading Internet communication software tools that empower
businesses to build knowledge, e-commerce and relationships,"
Foster continued.
Several prototypes of PeakSoft's first generation Java-based
custom business solutions are currently under development.
Examples currently include LawTrack (http://lawtrack.peak.com) and
RealtyTracer (http://realtytracer.peak.com) as custom business
solutions that take innovative approaches to building knowledge,
e- commerce and one to one relationships using PeakSoft's
NetMagnet core technology.
PEAKSOFT TECHNOLOGY PARTNER PROGRAM
PeakSoft is actively seeking strategic technology partnerships
with leading companies that seek to meet similar market objectives
by delivering tools which empower businesses to build knowledge,
e- commerce and relationships. For more information about
PeakSoft's technology partner program, please contact Melissa
Mandel at (mel@theforceimb.com), or Scott Codespoti at
(jscott@theforceimb.com) or by phone at 206-749-4007.
ABOUT PEAKSOFT CORPORATION
PeakSoft Corporation is a market leader in the development of
Internet productivity and communication software products. The
company is publicly traded on the Alberta Stock Exchange under the
symbol (PKT) and is a pending listing (OTC-BB) under the symbol
(PEAFF). PeakSoft is a diversified Java-based Internet software
development company headquartered in Bellingham, Wash., U.S.A.
For more information, call 888-377-7325, visit the PeakSoft web
site at (www.peak.com) or send e-mail to (info@peak.com).
(PeakSoft Shareholder Notice: PeakSoft President Doug Foster will
be available to meet with any interested shareholders attending
Comdex at 1 p.m. on Wednesday, November 18 in the Las Vegas
Convention Center, North Hall, booth # L4878.)
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FOR FURTHER INFORMATION PLEASE CONTACT:
PeakSoft Corporation
Chris Kent
Corporate and Investor Relations
(360) 752-1100 x119
chrisk@peak.com
The Alberta Stock Exchange has neither approved nor disapproved of
the information contained herein. |
