Let's not compare losses this time... :-))
OMKT <news>
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Malta-Based ISP Licenses Transact and ShopSite to Provide
Commerce Services to its Customers
BURLINGTON, Mass., April 27 /PRNewswire/ -- Open Market Inc.,
(NASDAQ:OMKT), a leading provider of Internet commerce and information
publishing software, today announced that Terranet Ltd., a leading provider
of Internet services in Malta, has licensed Open Market's Transact(TM) and
ShopSite(TM) software products to provide leading-edge e-commerce services to
merchants in Malta. Open Market's proven and secure software will help
Terranet evolve its business as a leading Commerce Service Provider (CSP) in
the region. The goal of this initiative is to open both local and
international markets for Maltese companies and bring new worldwide commercial
opportunities to the Maltese economy.
In line with international trends, Terranet Ltd. is moving from its
current business model, which is focused mainly on Internet access, to a model
based on value-added Internet services. E-commerce is considered by Terranet
to be one of the most important of these services.
Terranet will be deploying Open Market's technology to provide the local
business community with the full range of back-end transaction capabilities
required to enable Internet shopping.
"Open Market continues to be the pre-eminent supplier of solutions to
Commerce Service Providers around the globe," said Jeff Bussgang, vice
president of marketing, Open Market, Inc. "With the addition of Terranet, Open
Market now has over 50 CSPs worldwide that are providing the easiest and most
cost-effective way for small businesses to move their business online."
More About Terranet
Terranet Ltd. was founded in 1995, and is a fully owned subsidiary of
Maltacom plc, Malta's leading telecommunication services provider. Leading the
market in the provision of Internet access through its maltaNET brand, the
company is in the process of expanding its operations towards the development
and delivery of online interactive multimedia services. Terranet's
market lead in the business sector also allows the company to continue to
expand its range of value-added services to corporate environment including
consulting on and implementation of e-commerce solutions. Terranet Ltd. is
located at the Dolphin Centre, in Balzan, Malta and may be reached on
(+356)489600 or at info@maltanet.net.
More about Open Market
Founded in 1994, Open Market, Inc. (NASDAQ:OMKT) is the market-share
leader in Internet commerce software with over 20,000 merchant licenses sold
worldwide. Open Market's high-performance application software products and
professional services allow its customers to engage in business-to-consumer
and business-to-business Internet commerce, information commerce, and
commercial publishing. Among Open Market's distinguished roster of global
customers are many of the most popular domains on the Web, including
Lycos.com, AOL.com, Time Warner's Pathfinder.com, major industrials such as
Ingram Micro, Milacron, and Acer, more than 700 publishers using Folio
Products, including the top 10 commercial publishers, and 10 of the world's
top 13 national telephone companies. The company, headquartered in Burlington,
Massachusetts, with offices in Japan, Canada, the UK, France, Germany, The
Netherlands, Italy, and Australia can be reached by calling 1.888.OPEN.MKT or
by visiting openmarket.com.
This news release contains forward-looking statements that involve a
number of risks and uncertainties. Among the important factors that could
cause actual results to differ materially from those indicated by such
forward-looking statements are the company's limited operating history, delays
in product development, development of the Internet market, changes in product
pricing policies, competitive pressures, and the risk factors detailed from
time to time in the company's periodic reports and registration statements
filed with the Securities and Exchange Commission.
Open Market, Transact, Shopsite, and We ARE Internet Commerce are
trademarks or registered trademarks of Open Market, Inc. in the United States
and other countries.
SOURCE Open Market Inc.
-0- 04/27/99
/CONTACT: Media: Katie O'Loughlin, 781-359-7366,
oloughlin@openmarket.com or Investor: Annmarie Russell, 781-359-7589,
russell@openmarket.com both of Open Market Inc./
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 112653/
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