EDUV NEWS.... This company is starting to look really interesting.
EDUVERSE Unveils TheGlobalStore.net and Combines 3 E-Commerce Portals to
Create Winning Internet Strategy.
RENO, Nev. - (BUSINESS WIRE) - February 16, 1999 - EDUVERSE(TM) Accelerated
Learning Systems, Inc. (OTC BB: EDUV - news), a technology-based developer,
manufacturer, marketer and publisher of educational software products, today
announced an agreement with Digital River, Inc., resulting in the opening of
EDUVERSE's newest Internet portal, TheGlobalStore.net, expected to open on
March 15th.
TheGlobalStore.net is EDUVERSE's E-Commerce Internet portal, with over
131,000 popular software & hardware products available for sale. Through
reseller and affiliate programs, TheGlobalStore.net will also offer online
shoppers a choice of brand name products and services including books, music
CDs, toys, movies, foods, travel and more.
"TheGlobalStore.net integrates perfectly with our Internet strategy," states
Mark E. Bruk, President and CEO of EDUVERSE. "This new Internet portal,
combined with our existing portals, creates a powerful synergy that will
have a global impact. These sites provide the best in E-Commerce, Distance
Education and advertising on the Internet today."
"The most popular types of Internet advertising revenue are based on banner
impressions, banner click-through, and profit sharing of product
sell-through. EDUVERSE will enjoy revenue from all three of these Internet
strategies," adds Mr. Bruk.
"Many companies have an Internet strategy based on advertising revenues.
Their greatest challenge is twofold: to source advertisers and to sign
strategic alliances with companies that wish to sell products on their site
and share the revenue. TheGlobalStore.net and EDUVERSITY.net, our new online
Corporate Workplace University, are our initial strategic partners. Both
portals will generate sell-through revenue for EDUVERSE."
TheGlobalStore.net will advertise a variety of brand name products on
freeENGLISH. Numerous manufacturers' products, including Microsoft (Nasdaq:
MSFT), Adobe (Nasdaq: ADBE), Symantec (Nasdaq: SYMC) and IBM (NYSE: IBM),
will be featured. EDUVERSITY.net will advertise its 100's of online courses
that include 68 Microsoft Certified courses.
freeENGLISH is a strong magnet that is attracting a global user community.
In the past 6 weeks, since its launch, freeENGLISH has generated 100's of
thousands of banner impressions. It is expected to reach 100,000 daily users
in the near future, generating over 12 million banner impressions per day.
This daily traffic will make freeENGLISH one of the most powerful marketing
tools on the Internet. By attracting 1 million daily users - a small
percentage of the 1 billion people currently studying English - freeENGLISH
will wield the impressive power of the Yahoo's (Nasdaq: YHOO) and Excite's
(Nasdaq: XCIT) of the world.
Along with promoting its own products and services EDUVERSE will permit
other select companies to enjoy the advertising power of freeENGLISH.
Notice: Retailers carrying ENGLISH PRO(TM), EDUVERSE's award-winning English
language software report that ENGLISH PRO - the #1 Best Seller in its
product category - is outselling the competition by a factor of 4 to 1.
ABOUT EDUVERSE ACCELERATED LEARNING SYSTEMS, INC.
EDUVERSE Accelerated Learning Systems, Inc. is a technology-based company
focused on developing and marketing educational software products.
By combining the highest quality in educational course curriculum with an
advanced learning process known as Mental Mapping(TM), EDUVERSE produces
ENGLISH PRO - a software program with award-winning technology proven to
teach anyone spoken English up to 5 times quicker, regardless of their
native tongue.
In defining the educational model for the new millennium, EDUVERSE has
launched freeENGLISH.net. freeENGLISH.net is a vertical web site devoted
exclusively to providing the finest in English language instruction for FREE
to the Internet-enabled marketplace. At the heart of freeENGLISH.net is
freeENGLISH, a premium English as a Second Language (ESL) program. The
freeENGLISH application streams lessons and advertisements over the
Internet.
In identifying future opportunities within the rapidly-emerging distance
education market, EDUVERSE has also committed its leading-edge technical
expertise to the development of proprietary software called EVOVE(TM). EVOVE
is a 100% pure Java programming environment that allows a single application
to deliver educational course curriculum across a multitude of operating
systems and hardware platforms.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, the statements in this Press Release are
forward-looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that may cause
the company's actual results in the future periods to differ materially from
forecasted results. These risks and uncertainties include, among other
things, product price volatility, product demand, market competition, risk
inherent in the company's domestic and international operations, imprecision
in estimating product reserves and the company's ability to replace and
expand its holdings.
EDUVERSE Accelerated Learning Systems, Inc. is based in Reno, Nevada. For
more information on the company, call 775.332.3325 or visit the EDUVERSE
Accelerated Learning Systems, Inc. web site at eduverse.com or email
info@eduverse.com.
Contact:
EDUVERSE Accelerated Learning Systems, Inc.
Investor Relations
Toll free: 1.877.623.4864
Tel: 604.623.4869
Fax: 604.623.4828
Email: invest@eduverse.com
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