NEWS RELEASE
Friday, February 19, 1999
Company Press Release
EDUVERSE Announces Strategic Agreement with Leading Global Electronic
Software Distribution Reseller BUYONET
RENO, Nev. - (BUSINESS WIRE) - Feb. 19, 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 a strategic agreement with BUYONET (www.buyonet.com), under which
BUYONET will resell EDUVERSE's award-winning English language software.
EDUVERSE will supply BUYONET with in an electronic downloadable format of
ENGLISH PRO for online global distribution.
“BUYONET has done a superior job in meeting the challenges of marketing
software in a diverse geographical region,” stated Mark E. Bruk, president
and CEO of EDUVERSE. “For many European online shoppers, who do not
understand English, the only way to make the sale is to profile products in
their own language and currency. BUYONET's commitment to the European
market and level of customer support has made them a leading ESD reseller in
Europe and now globally.”
BUYONET, a leading global online electronic software distribution reseller
(ESD) specializing in software download, has an installed base of satisfied
customers in more than 125 countries, supports six languages and 22
currencies. BUYONET is the largest electronic software distributor in
Europe.
EDUVERSE is pleased to announce that EDUVERSITY.net, the company's Corporate
Workplace University, is now open, one month ahead of schedule.
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 five 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.
EDUVERSE has also opened EDUVERSITY.net, the company's Corporate Workplace
University, with hundreds of online courses ranging from Finance, Languages
and Softskills to Desktop Computing, Graphic Design and the Internet.
EDUVERSITY also features 38 Microsoft Certified courses and 30 Microsoft
Certified Systems Engineer (MCSE) courses.
EDUVERSE has announced the opening of TheGlobalStore.net, the company's
e-commerce Internet portal, with over 131,000 popular software and 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 is expected to open on March 15th.
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 percent 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 |
