SFLK - this may explain this mornings action. This company is really on a tear:
Friday January 29, 9:30 am Eastern Time
Company Press Release
Accelerated Adoption of Audio Compression Technology for Multimedia Databases Prompts Softlink to Increase Its 1999 Sales Projections
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 29, 1999--Softlink, Inc. (OTC BB:SFLK - news): Softlink President and Co-Founder, Johnson Lee anticipates revising the Company's 1999 sales and financial projections upward next week, citing the recently announced inclusion of Softlink's proprietary audio compression technology into the leading-edge multimedia databases created by Japan's NIC, Ltd. as another contributing factor.
Softlink's Lee says of the licensing of Softlink's audio compression technology to NIC: ''This is the kind of pleasant surprise that all technology development companies want, the kind that establishes your technology on the ground floor of an emerging industry -- in this case, the multimedia database industry.''
This recent development is not viewed by Softlink, Inc. as a departure from the Company's primary focus on E-mail and Internet communication. Providing uniquely beneficial compression technology for multimedia Internet communication has been and shall remain the Company's primary focus. This NIC partnership is a simple extension of this focus into applications for corporate communications and corporate IT environments.
NIC Ltd., Softlink's partner in this multimedia database project, was founded in 1968 and is a well-established software developer in Japan. NIC Ltd. provides multimedia database services to Honda Motor Corp. (NYSE:HMC - news), Sumitomo Construction Corp., Tokyo University, Minolta Digital Studio, and two of the largest construction companies in Japan: Shimizu and Kashima Corps. NIC also has well-established partnerships with Mediakite and Computerwave, as well as with Japan's largest software distributor, Softbank, and with two of Japan's top three publishers, Kodansha and Shougakukan Corp.
Further information about NIC is available at: www.nic-j.com. For more information about Softlink, and the range of products and services that the Company offers, visit the Softlink web site at sonk.com, request further information via Email at info@sonk.com, or contact Terry Ritchie at International Buying Power at 561/482-0004.
Certain matters discussed within this press release may be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Although the company believes that the expectations reflected in any forward looking statements are based upon reasonable assumptions, it can give no assurances that its expectations will be attained. The Company has no obligation to update the statements contained in this report or to take action that is described herein or otherwise presently planned.
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Contact:
International Buying Power
Terry Ritchie, 561/482-0004
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