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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (10824)	6/21/1999 9:44:00 AM
From: Jetta	Read Replies (2) \| Respond to of 52051

ESFT news.......... esoft.com Monday June 21, 8:01 am Eastern Time Company Press Release SOURCE: eSoft Inc. eSoft Inks redphish Licensing Pact With HP; First Licensing Agreement for New Software Program BROOMFIELD, Colo., June 21 /PRNewswire/ -- eSoft Inc. (Nasdaq: ESFT - news), the company that develops Internet access solutions for small businesses, today announced it has entered into a software licensing agreement with Hewlett- Packard Company (HP), one of the world's leading computer corporations. This is the first agreement for redphish(TM), the Linux(TM) licensing program recently unveiled by eSoft and is expected to total up to $500,000 in development and licensing fees. ''This alliance with HP marks a critical first step for eSoft and our redphish program,'' said Tom Loutzenheiser, vice president of business development at eSoft. ''The market demand for Linux-based solutions is growing rapidly and with one of the world's largest groups of professional Linux engineers, we're uniquely positioned to deliver quality software applications and enable our partners to achieve significant time-to-market advantages. We are particularly excited about working with a company like HP for the delivery of Linux-based applications and embedded systems.'' Linux, a fast-growing, free operating system, is making waves in the computer world and today has more than 15 million users. Linux held a 17.2 percent market share in the operating system market in 1998 -- a 6.8 percent jump from 1997 -- and shipments were up 212 percent according to International Data Corporation, an industry analyst firm. Linux is gaining popularity due to its open source operating systems providing developers and IT managers with a level of control not available with traditional operating systems. Linux can also be tailored to users' needs. Under the open source model, users can modify or delete sections of code -- something not possible with other operating systems. About eSoft Inc. eSoft Inc. was founded in 1984 with headquarters in Broomfield, Colo. eSoft provides a family of Internet appliances and services that enable small to medium-sized business to harness the full power of the Internet. The TEAM Internet family of products is designed for businesses with up to 200 workstations and provides low-cost, LAN-to-Internet connectivity and includes a range of features, including e-mail, Web browsing, firewall security, a Web server, remote access and virtual private network (VPN) functionality. Contact eSoft at 295 Interlocken Blvd., #500, Broomfield, Colo., 80021, USA; 303-444-1600 phone; 303-444-1640 fax; www.esoft.com. TEAM Internet is a registered trademark of eSoft Inc. Editors Note: All other names and trademarks are the property of their respective owners Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (''The ACT'') and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as ''may,'' ''will,'' ''expect,'' ''believes,'' ''anticipate,'' ''estimate,'' ''approximate'' or ''continue,'' or the negative thereof. The Company intends that such forward-looking statements be subject to the safe harbors for such statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to gain product approval in foreign countries and failure to capitalize upon access to new markets. Additional risks and uncertainties which may affect forward-looking statements about the Company's TEAM Internet business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive TEAM Internet solution, delays in market awareness of eSoft and its products, possible delays in eSoft's marketing strategy, which could have an immediate and material adverse effect by placing eSoft behind its competitors. The Company disclaims any obligation subsequently to revise any forward- looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. These factors and others are discussed in the ''Management's Discussion and Analysis'' section of the Company's Reports on Form 10-KSB for the fiscal year ended December 31, 1998 to which reference should be made. SOURCE: eSoft Inc.