Net Shepherd Wins $1.9 Million Annual Maintenance Contract
...Renewable maintenance agreement secures continual revenue stream for
Corporation...
CALGARY, Feb. 3 /CNW/ - Building on a previously announced $3.25 Million
(CDN) co-development contract from The ClickChoice Company of Atlanta,
Georgia, Net Shepherd Inc. (ASE:WEB), today announced a $1.9 Million (CDN),
annual maintenance contract with ClickChoice. The contract is for the ongoing
maintenance of Net Shepherd's database of Internet content ratings.
In August 1998, The ClickChoice Company, Inc., formerly The McLellan
Software Center LLC, (http://www.mclellansoft.com), an affiliate of Vanenburg
Ventures BV, and Net Shepherd (http://www.netshepherd.com), announced a
co-development agreement to build the most comprehensive, high-performance,
real-time Internet filtering service in existence using Net Shepherd's Virtual
Community technology as the foundation. Under the terms of this new,
renewable contract, Net Shepherd will provide around the clock monitoring and
management services, ensuring reliable performance of the co-developed ratings
database and accompanying Internet filtering system located at Net Shepherd's
head office.
According to Don Sandford, President and CEO Net Shepherd Inc., ''We were
right on schedule with this project, hitting key milestones as well as
negotiating new revenue contracts relating to the development, maintenance,
enhancement, and marketing of the complete Internet filtering system. This is
the second in a series of revenue contracts being negotiated between Net
Shepherd and ClickChoice.'' Sandford continued, ''Recurring revenue contracts
such as this one, are helping us reach and exceed our revenue projections.
When completed and launched in June of this year, the entire system will be
the most comprehensive, user-responsive Internet filtering service available
and we are aggressively pursuing applications for the technology platform, in
other business markets''
Net Shepherd is a leading provider of virtual community software, tools,
services and information for companies that want to transform the way they do
business. The Corporation offers a full line of virtual community software
solutions, and systems integration services. Additional information on Net
Shepherd is available on the 'Net at netshepherd.com. Net Shepherd
Inc. is traded on The Alberta Stock Exchange under the symbol WEB.
''THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.''
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For further information: Lisa Strong, Communications, Net Shepherd
Inc., (403) 218-8917, lisa.strong@netshepherd.com |
